Ave Maria University has had its share of of troubles (including with the federal government over its student loan program, and troubles with faculty and students about the move to Florida). Apparently, it's having financial problems as well. (HT: Whispers in the Loggia)
I wonder whether there is a snowball effect. As a student, or a parent of a student, I'm not sure I'd want to spend a lot of money to go to a college that might not be there twenty years from now.