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LSU drafting 'academic bankruptcy' plan in response to state budget crisis

MrVicchio said:
The bloated system is the entire higher education system:

View attachment 67183570
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Your graph does not support your contention of "bloated" university costs. It shows how much more students are paying to attend college.

Reality is that almost every state has cut funding for colleges and universities below the rate of inflation and population growth. One consequence of rising costs has been a drop in college enrollment numbers, which means those institutions which had spent money using past growth rates now don't have the students to either pay for or utilise the expanded facilities.
 

here's a lil blurb on salaries.
Who were LSU's 25 highest-paid employees in 2013-14? | NOLA.com

the only defense for the football coach making so much money is that football program usually bring in a whole ****ton of money.... and winning coaches don't come cheap....

but when you're school is going broke... it's time to look at cutting costs, a bunch.... no sense in getting grid of 10 or 20 adjuncts/assistant professors when you can can 1 or 2 of the high priced superstars on campus and save the same amount of money.
 

That's possible, but without more information it's a lot like saying, well, Public Company Z lost money last year, so fire the CEO first - his $2 million salary is the same as 40 midlevel people!

It could be the best strategy, but if that 'superstar' brings in $500k/year and he's paid $200k, you're not winning much by firing him.

The top guy in at UW in econ - looked him up. He's got an endowed chair which pays some significant part of his salary and he's department chair, and as such is the one who (usually) is responsible for the fundraising. Depending on how he does, he could be bringing in 10 times his salary.
 
MrVicchio said:
The bloated system is the entire higher education system:

View attachment 67183570
Click to expand...

Here's a better graph for you:



This shows that as state funding for public universities has decreased, tuition has increased proportionately. Because federal support of higher education mainly comes in the form of tuition assistance, while tuition rates have risen, the ability to access higher education hasn't decreased. This has led to an increase in the overall national student debt load.

In short, the majority of the increase in the student debt burden that the country faces is from a drastic reduction in state support with a federal promotion of student debt issuance. In order to reverse the process, the solution is to increase state support of public universities and decrease federal support of student debt issuance.
 


LSU Football Revenues - $74,275,838.00

LSU Football Expenses - $25,822,228.00


Most Profitable College Football Programs: #5 LSU -


Not only does football and basketball bring in more than they spend, they support ALL of the sports that don't/can't support themselves AND kick back millions to the University's education and financial aid programs.

They're earners, not takers.
 
You still miss the forest for the TREES.
I'd point it out to you, but you cannot SEE.
You still are stuck in TRIVIALITY
Thinking all it takes is more MONEY.
 
MrVicchio said:
You still miss the forest for the TREES.
I'd point it out to you, but you cannot SEE.
You still are stuck in TRIVIALITY
Thinking all it takes is more MONEY.
Click to expand...

Actually an increase in state support and decrease in federal student debt support would net out to a decrease in funding.
 

Based on what I know of UT's program, I'd be surprised if LSU wasn't using some creative accounting there - that's extraordinary, both on the revenue and expense side.

But the point is clear enough and I agree with it, especially for the big schools in the SEC. They're cash cows in a lot of places.
 

The operative phrase is "consulting work." Engineering has lots of opportunities for consulting work, and the engineering departments attract corporate donations as well as partnerships.

From InsideJobs.com:

What is the average salary of a University Professor?

The U.S. Bureau of Labor Statistics reports that the average salary of a University Professor was $58,830 annually as of May 2008. The lowest-paid 10 percent of all University Professors earn less than $28,870, while the highest-paid 10 percent are paid more than $121,850 per year. The middle 50 percent of all University Professors earn between $41,600 and $83,960, so chances are good that you’ll earn more than the average annual salary.

The American Association of University Professors reports that the salary of full-time faculty at private colleges and universities average $92,257, as compared to $77,009 for those teaching at public colleges and universities. And Professors working at four-year institutions, whether private or public, earn higher salaries than those employed at two-year schools. How Much Does A College Professor Make? | Inside Jobs
 
Khayembii Communique said:
You have shown no basis for this statement.
Click to expand...

Yes, you're totally right, it's all about evil Republicans trying to deny poor people opportunities by slashing needed funding of State collages. Carry on with that silliness, I really am not going to stop you.
 
MrVicchio said:
Yes, you're totally right, it's all about evil Republicans trying to deny poor people opportunities by slashing needed funding of State collages. Carry on with that silliness, I really am not going to stop you.
Click to expand...

And apparently have no interest in showing any basis for it.
 

If you are running a business, you don't intentionally cut your own revenue so your example flaws flat on that alone. If a business commits to providing a product or service, then it attempts to find the revenue to provide that product or service. If there is insufficient revenue then it gets out of the business of providing that product or service.
 
Tell that to the Legislature of Louisiana. The "S" in "LSU" is "State."
 
Khayembii Communique said:
And apparently have no interest in showing any basis for it.
Click to expand...

Basis for what? Common sense? You ask me to provide you something that you'll find a reason to disagree with and we'll still be RIGHT HERE, because you have an agenda and that must not be deviated from.

Why the Government is to Blame for High College Costs - US News

 

Wow! That's quite a solution. You must have a broad background in funding and governance and university administration. :roll:
 

Please provide links. Or at least enumerate what state you're in so others can attempt to verify your story.
 
That's scary. So is there no party, only Elizabeth Warren, that cares about the cost of higher education? And yet, dems and repubs alike keep saying that no one can expect to "make it" without at least one college degree. WTF!!
 
Do you have a link for those salaries?
 
One study did show a massive increase in administration and the costs that go with that.
Increased at a rapid rate compared to student- prof ratios from the 70's
 

For Universities - Football pays big time.
 
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