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Providing education isn't expensive; big campuses and teams of administrators are. Universities could easily return to the old ways, just cap annual loans at $2

Providing education isn't expensive; big campuses and teams of administrators are. Universities could easily return to the old ways, just cap annual loans at $20k per head. It would be painful, but they're fat, and what they're doing is bad for society.

brtkdotse 4y ago
Not to mention sports teams.
- Sohcahtoa82 4y ago
  Sports teams are a profit center. Season tickets are hundreds or even a thousand dollars. And then there's the absurd money they make at the concession stands and merchandising.
- uberman 4y ago
  You don't understand university sports revenues and expenses. Feel free to download a breakdown of revenues and expenses for the university of your choice at: https://ope.ed.gov/athletics/#/ https://ope.ed.gov/athletics/#/ You are going to find that almost every school is net neutral with respect to their sports programs. Football and basketball typically funding all other sports.
  - flaviut 4y ago
    I haven't looked at the entire dataset, but looking at the major schools that are close to me: Expenses: 12M, 25M, 13M, 70M Revenue: 6M, 30M, 13M, 44M 1/4 is making a slight profit. 1/4 is breaking even. 2/4 are making a major loss. A Kennesaw State University (00157700 )| Total Enrollment: 27,300 B Georgia Institute of Technology-Main Campus | Total Enrollment: 14,476 C Georgia State University | Total Enrollment: 22,276 D University of Georgia | Total Enrollment: 27,877
    - cudgy 4y ago
      These figures don’t add up: “University of Georgia Athletics approved a new budget for the 2022 fiscal year on Friday. The budget is set at $150,290,994, which is $7.7 million more than in 2019 and $3 million short of the 2020 budget. Georgia athletic director Josh Brooks told media that the 2020 budget shortfall is currently $30 million and was previously $53 million amid the COVID-19 pandemic.” https://ugawire.usatoday.com/2021/05/28/georgia-foootball-uga-athletics-reveals-huge-budget-2021/ https://ugawire.usatoday.com/2021/05/28/georgia-foootball-ug... Later in the article, it states that the stadiums were at partial capacity (mid 2021), so once stadiums went back to full capacity revenue surely increase significantly.
    - uberman 4y ago
      I'm surprised by this and I am guessing it is due to a covid blip. Historically most athletics programs run revenue neutral.

brtkdotse 4y ago

Not to mention sports teams.

Sohcahtoa82 4y ago
Sports teams are a profit center. Season tickets are hundreds or even a thousand dollars. And then there's the absurd money they make at the concession stands and merchandising.
uberman 4y ago
You don't understand university sports revenues and expenses. Feel free to download a breakdown of revenues and expenses for the university of your choice at: https://ope.ed.gov/athletics/#/ https://ope.ed.gov/athletics/#/ You are going to find that almost every school is net neutral with respect to their sports programs. Football and basketball typically funding all other sports.
- flaviut 4y ago
  I haven't looked at the entire dataset, but looking at the major schools that are close to me: Expenses: 12M, 25M, 13M, 70M Revenue: 6M, 30M, 13M, 44M 1/4 is making a slight profit. 1/4 is breaking even. 2/4 are making a major loss. A Kennesaw State University (00157700 )| Total Enrollment: 27,300 B Georgia Institute of Technology-Main Campus | Total Enrollment: 14,476 C Georgia State University | Total Enrollment: 22,276 D University of Georgia | Total Enrollment: 27,877
  - cudgy 4y ago
    These figures don’t add up: “University of Georgia Athletics approved a new budget for the 2022 fiscal year on Friday. The budget is set at $150,290,994, which is $7.7 million more than in 2019 and $3 million short of the 2020 budget. Georgia athletic director Josh Brooks told media that the 2020 budget shortfall is currently $30 million and was previously $53 million amid the COVID-19 pandemic.” https://ugawire.usatoday.com/2021/05/28/georgia-foootball-uga-athletics-reveals-huge-budget-2021/ https://ugawire.usatoday.com/2021/05/28/georgia-foootball-ug... Later in the article, it states that the stadiums were at partial capacity (mid 2021), so once stadiums went back to full capacity revenue surely increase significantly.
  - uberman 4y ago
    I'm surprised by this and I am guessing it is due to a covid blip. Historically most athletics programs run revenue neutral.