The Demise of CFB Sanctity Is Figment of the Imagination
- Thread starter YaketySax
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The part of this story that really bugs me. They could do so much good will with the money that is brought in through college athletics but they just don’t have the stomach for it. What’s wrong with using a good sized portion of that money to make a college education affordable to anyone that wants it. The country as a whole would be better for it.
What do you mean? It’s only going to cost about $130,000 to send my 18-year old to UK for four years. That isn’t affordable?
Exactly.... There are a lot of people, given that number, that is unattainable. Might as well be $10 Mil to them.
Sounds pretty re-distributive to me!
How could we afford multi-million dollar athletic facilities if we spent money educating people?
I think we need to remember what our Universities are for, and I, for one hope our University is one the football program can be proud of!!!!
[I hope everyone has their sarcasm detector charged up!].
The other side of the OP's post is, as we all know, football funds pretty much all the other sports and not many people get excited enough about a school's engineering program to donate large dollars.
And the university system is not this citadel of higher learning we'd like it to be. Harvard's endowment is roughly $40 billion dollars, which means they HAVE to spend $2 billion a year to maintain tax-exempt status. Yet, they still charge students $70+k per year for tuition when they could waive all tuition and still have $1.65 billion to spend. Annually. Many other schools have large enough endowments that they could do the same but they don't.
A state school like UK wouldn't be able to waive tuition but they could definitely make it a lot more affordable. But they don't.
Data shows that a high profile FB (to a lesser extent basketball) program leads to more applications for admittance and more donations. I wonder if donations will start decreasing as big donors give money for NIL deals rather than to the school itself. NIL will kill college athletics, imo. It will be a semi-pro league before long and will lose the charm that CFB has that the NFL does not.
And the university system is not this citadel of higher learning we'd like it to be. Harvard's endowment is roughly $40 billion dollars, which means they HAVE to spend $2 billion a year to maintain tax-exempt status. Yet, they still charge students $70+k per year for tuition when they could waive all tuition and still have $1.65 billion to spend. Annually. Many other schools have large enough endowments that they could do the same but they don't.
A state school like UK wouldn't be able to waive tuition but they could definitely make it a lot more affordable. But they don't.
Data shows that a high profile FB (to a lesser extent basketball) program leads to more applications for admittance and more donations. I wonder if donations will start decreasing as big donors give money for NIL deals rather than to the school itself. NIL will kill college athletics, imo. It will be a semi-pro league before long and will lose the charm that CFB has that the NFL does not.
Colleges are already doing this. When I took my kids on their road trips to pick their colleges, the first thing out of the mouths of every single school rep was that appointments to the freshman class would be available without regard to the applicant's ability to pay tuition. It was scripted at UGA, Wake Forest, Duke, Wm and Mary, UVA, Penn, Georgetown, and GWU. From what my friends tell me, it is true everywhere. The money comes from cost shifting. These schools are taking down $50-80 thousand per year per paying student, plus federal subsidies as long as they are compliant. Private donors already fund scholarships and aid programs. The faculty is already there, and the classes are already on the books. They just admit whichever students they want.
Lhttp://uknow.uky.edu/campus-news/board-approves-historic-56-billion-uk-budget?j=507233&sfmc_sub=159631635&l=22687_HTML&u=16090080&mid=10966798&jb=0&scid=
My wife is a data analyst for the Georgia government and a data consultant for several universities including UGA and MIT. Universities operate on set budgets. A public school budget is subject to governance by the state legislature. A private school budget is governed by its Board. Policies are announced by the University President, subject to oversight by the Board. As long as a university meets its budget and complies with its policies and guidelines, they can do whatever they want as long as it is legal. These days every university adheres to US News and World Report criteria, QS World University Indicators, and FERPA guidelines. In order to comply with rankings criteria, every university waives, modifies, or grants aid to cover tuition requirements for certain students in need.
Probably not. Donors tend to behave in a manner that reflects their interests and focus. Some donors may be highly motivated to support athletics. Others could not care less about athletics. Wealthy people who give money to the center for the arts or the medical school will not withdraw that form of support to route their donations to NIL.
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