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+--- Thread: Where is all the high college tuition going? My alma mater is losing money. (/showthread.php?tid=232370)
Where is all the high college tuition going? My alma mater is losing money. - Dennis S - 09-17-2019
It is millions in debt, yet from 1968-1972, it was doing fine and the tuition was $13 per credit hour.
Re: Where is all the high college tuition going? My alma mater is losing money. - raz - 09-17-2019
it costs a lot to feed and clothe the football team
Re: Where is all the high college tuition going? My alma mater is losing money. - Dennis S - 09-17-2019
For 1970, that comes out to a little over $12,000 per year today for 18 hours. So that's about $50,000 for 4 years, not including room and board and books.
Re: Where is all the high college tuition going? My alma mater is losing money. - Racer X - 09-17-2019
bloated middle and upper management is usually the root cause for most financial issues in big operations.
Re: Where is all the high college tuition going? My alma mater is losing money. - testcase - 09-17-2019
raz wrote:
it costs a lot to feed and clothe the football team
:agree:
Re: Where is all the high college tuition going? My alma mater is losing money. - hal - 09-17-2019
This movie (Ivory Tower 2014) explains it well: https://www.youtube.com/watch?v=BjfwnBuj3O0
Colleges are in competition for students money. In order to get it, they have to offer more than their competitors - that cost money - LOTS of it. Some are spending wiser than others.
Re: Where is all the high college tuition going? My alma mater is losing money. - NewtonMP2100 - 09-17-2019
....whats'a mater....you....??
Re: Where is all the high college tuition going? My alma mater is losing money. - M A V I C - 09-17-2019
testcase wrote:
[quote=raz]
it costs a lot to feed and clothe the football team
:agree:
The highest paid state employee in almost every (every?) state is a football coach. We just spent as much on revamping a football stadium as it would take to pay for every high school student to go to college for many years to come.
Re: Where is all the high college tuition going? My alma mater is losing money. - Racer X - 09-17-2019
M A V I C wrote:
[quote=testcase]
[quote=raz]
it costs a lot to feed and clothe the football team
:agree:
The highest paid state employee in almost every (every?) state is a football coach. We just spent as much on revamping a football stadium as it would take to pay for every high school student to go to college for many years to come.
He makes more than the Dean of Medicine at the teaching hospital. A job far more useful to society too.
Re: Where is all the high college tuition going? My alma mater is losing money. - Filliam H. Muffman - 09-17-2019
NYU was offering free tuition for it's Medical School students. Most colleges doing well today are those with multi-billion trust funds and/or huge alumni orgs doing thousands of hours of fundraising per month.
College presidents frequently justify making more money by building larger administrations underneath them. A bigger board of directors/trustees making big salaries will vote for a larger salary for the president.
Funding to/from Foosball teams is usually a separate issue.