10.10.26 Seth Grossman WPG Radio: Joe Bertolino, president of Stockton U, rearranges the deck chairs as the ship sinks. South Jersey Socialism blocks success in Ocean City– supports bail out of failure in Atlantic City.

NJ's Stockton University is broke and heavily in debt. It is short $25 million just for this year. Without major cuts or new income, Stockton will be short $32 million next year. Stockton quickly burning up the endowment money it got from years of donations and fundraising. We all know why. We have been talking about it for years.

Click here for link to October 11, 2026 post in Press of Atlantic City: Stockton University’s budget crisis is not getting better.

Last May, we proposed this 7-Point Plan to Save Stockton University:

1. Fire the overpaid "woke" professors and administrators who created the mess.

2. Replace them with less paid adjunct professors and administrators with real world business-experience and a diversity of political opinions.

3. Hire all new professors, administrators and staff based on talent, motivation and achievement rather than "diversity, equity and inclusion" and political conformity.

4. Use AI and technology to teach useful skills needed for good-paying jobs in business and industry.

5. Sell all Atlantic City properties and pay down all debt. Cancel all leases for properties outside Galloway campus.

6. End all sports programs.

7. Apply above savings to cut tuition to roughly $6,000 per year-- roughly what a student can earn during one year.

Click here for link to full post: Stockton University Needs What Saved Atlantic City Government - Liberty and Prosperity

Stockton started building boom at its main campus in Galloway Township about 15 years ago. It built a bunch of big, expensive new luxury buildings that it did not need.  It borrowed hundreds of millions of dollars to do it. Stockton now cannot pay that money back.