5 ms·

a lot of it can be attributed to spending in non-academics - like administration, sports, etc. these need to be reduced. Similar to ROTC programs for Army in c

a lot of it can be attributed to spending in non-academics - like administration, sports, etc. these need to be reduced. Similar to ROTC programs for Army in conjunction with local colleges, why not special sports programs administered seperately but just co-located with regular colleges that go along with the scheduling, etc? Administrative expenses need to be chopped from the outside, there is no way the current folks are going to reduce that.

toomuchtodo 5y ago
I agree this is also a deficiency (wasteful spending) to be solved for.
Retric 5y ago
Sports alone are generally close to self funding at many universities with plenty showing net profits. It’s not just top schools that benefit, giving alums a reason to visit and specifically care about the school has knock on effects to general donations as well as funding athletic scholarships that pay the full tuition amount. Some athletic fees are excessive, but encouraging students to use the pool, gym etc has real benefits to student health and can be scaled to actual usage levels.
- foolinaround 5y ago
  > Sports alone are generally close to self funding do the funds come from students fees?
  - Retric 5y ago
    For major sports it’s mostly donations, game tickets, TV broadcast rights, concession stands, merchandise, etc. As an example Virginia Tech football tickets are start at ~500$/season breaks down as 8$/game fee + 400 base price + variable required donation and can go up well over 2k a season for the better seats. It’s a 35,000 seat stadium that’s largely full so your talking a minimum of 20+ million in annual ticket sales just for Football. By comparison VT has 39,000 students and the athletic fee is 163$ + a recreational Sports Fee of 163$, together it’s 5% of tuition. Which collectively adds up to a similar scale as just one sports ticket sales, but covers general facilities used by any student. Looking across all sports and revenue streams the recreational sports fee clearly isn’t the major funding source and as football etc contribute indirectly to the schools general fund their clearly close to break even if not a significant money maker. https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/2020-2021tuitionfees.pdf https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/... https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEventList?groupCode=FST&linkID=vtech&shopperContext=&caller=&appCode= https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEvent...

toomuchtodo 5y ago

I agree this is also a deficiency (wasteful spending) to be solved for.

Retric 5y ago

Sports alone are generally close to self funding at many universities with plenty showing net profits. It’s not just top schools that benefit, giving alums a reason to visit and specifically care about the school has knock on effects to general donations as well as funding athletic scholarships that pay the full tuition amount. Some athletic fees are excessive, but encouraging students to use the pool, gym etc has real benefits to student health and can be scaled to actual usage levels.

foolinaround 5y ago
> Sports alone are generally close to self funding do the funds come from students fees?
- Retric 5y ago
  For major sports it’s mostly donations, game tickets, TV broadcast rights, concession stands, merchandise, etc. As an example Virginia Tech football tickets are start at ~500$/season breaks down as 8$/game fee + 400 base price + variable required donation and can go up well over 2k a season for the better seats. It’s a 35,000 seat stadium that’s largely full so your talking a minimum of 20+ million in annual ticket sales just for Football. By comparison VT has 39,000 students and the athletic fee is 163$ + a recreational Sports Fee of 163$, together it’s 5% of tuition. Which collectively adds up to a similar scale as just one sports ticket sales, but covers general facilities used by any student. Looking across all sports and revenue streams the recreational sports fee clearly isn’t the major funding source and as football etc contribute indirectly to the schools general fund their clearly close to break even if not a significant money maker. https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/2020-2021tuitionfees.pdf https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/... https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEventList?groupCode=FST&linkID=vtech&shopperContext=&caller=&appCode= https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEvent...