Try refreshing your browser. LU woes highlight flaws in post-secondary system Back to video The news that Laurentian University is insolvent should come as no surprise to anyone whoâs familiar with the state of post-secondary education in Ontario. The critics are right when they point out that Laurentianâs financial woes are the product of a flawed business model. But thereâs a lot more to the story than that. The real problem is the waste and duplication that pervade Ontarioâs post-secondary educational sector, a plodding behemoth that Queenâs Park funds to the tune of more than $12 billion annually.