A Tough Sell to Prospective Students: the Broke College Town

This summer, Stockton, Calif., twice named America's most miserable municipality by Forbes, again made headlines by becoming the largest American city ever to file for bankruptcy. That's hardly material for a college-admissions brochure.

The bankruptcy is expected to have little fiscal impact on the University of the Pacific, which has called Stockton home since 1924, because the campus receives no funds from the city of almost 300,000 residents. But campus leaders can't