Compared to the overpaid bureaucratic admin class at unis, this is a proverbial drop in the bucket.
And $13.6m is chump change from a rich donor.
UNT is a relatively affordable school, so not the best example.
Meanwhile, the Ivies cost three times as much with worse facilities
Nah, admin salaries have been sky rocketing over the last 20 years at universities:
https://www.lbb.state.tx.us/Documents/Publications/Other/Admin_Acc/2018/752_UNT.pdf
kinda weird to solo out a puny $13 million one time expenditure when there are non-profitable football teams with costs that dwarf that.
Kinda funny that THIS is the article that you ran across that triggered you to make a post about NCAA athletic spending.
Not surprising...just amusing.
The reason college is expensive is the proliferation of deans, deanlets, diversity offices, and so on.
One of the biggest reasons for increasing college costs is something in economics known as Baumol’s cost disease. A factory can reduce its labor cost through automation, which allows for both lower prices for consumers and higher pay for skilled workers and executives. Universities do not benefit from technology and automation in the same way — you still need a professor to teach a class of students.
Since professors are highly skilled workers, however, their pay has to rise over time to at least remain somewhat reasonable given the increasing compensation that a professor can get in industries that are benefiting from technological advancements.
So, rising pay, but no improvement in labor productivity, yields higher costs that get passed on as tuition increases.
Online classes and other such things may change that, but it has not as of yet changed the fundamental structure of how universities operate.
Easily obtainable debt is what’s making college expensive. If a school can charge $30K per year and fill all of their seats with qualified students, why would they change less than that? Even if they could cut their operating costs and capital expenses, they would have no reason to pass those savings along in the form of lower tuition.
I'm not so sure that a 13 million dollar one time expense (865 million annual budget) is the reason why college costs so much these days.
Deer Runner wrote:
One of the biggest reasons for increasing college costs is something in economics known as Baumol’s cost disease. A factory can reduce its labor cost through automation, which allows for both lower prices for consumers and higher pay for skilled workers and executives. Universities do not benefit from technology and automation in the same way — you still need a professor to teach a class of students.
Since professors are highly skilled workers, however, their pay has to rise over time to at least remain somewhat reasonable given the increasing compensation that a professor can get in industries that are benefiting from technological advancements.
So, rising pay, but no improvement in labor productivity, yields higher costs that get passed on as tuition increases.
Online classes and other such things may change that, but it has not as of yet changed the fundamental structure of how universities operate.
pretty sure the average spent per student on instructors has fallen compared to inflation.
without bothering to do any research here's my off the cuff analysis...full professor pay has been relatively flat compared to inflation while the more and more classes are being taught by criminally underpaid adjuncts.
There are cases in which teachers are making $2-3,000 to teach a class that is probably costing the students $50-100k in combined tuition.
So on average, i'd say instructor cost has dropped compared slightly compared to inflation and has dropped dramatically compared to tuition costs.
let me know if i'm wrong, but that's my hunch.
Wow. Scary that it took the 10th person to get it right. The federalization of the student loan program with debt that the taxpayer is on the hook for after 10 years is why college costs so much. Colleges can charge as much as they want, because students can borrow an unlimited amount to pay it. There’s no literally no incentive for college to be affordable. Most voters and governments are so unbelievably bad with money that even if you confiscated everyone’s money, the same people would eventually end up with it again. We’re not taught about how money works in schools though so what do we expect?
C'mon Rojo, you're better than this.
The reality is...
Gov. essentially forces banks to lend... the banks say "Interest!!!"... the Uni's say "Price increase!!!"... the students are paying large loans for many years... at interest.
Athletics has essentially NOTHING to do with it.
Just move to Europe.
SprintTriathlon wrote:
Just move to Europe.
...or anywhere else in the world with a decent college system.
This is a uniquely US problem. The richest country on the planet nearly bankrupting it's population for education and healthcare. This won't end well.
Unacceptable.
That is outrageous! I figured sports stadiums cost what, $10,000?
That's really an extremely cheap building of that scale. And at many schools, tuition and athletics funds are totally separate.
Mostly reductions in state funding actually- see here:
Article literally summarizes (using actual data) that fancy dorms are not the reason college cost skyrocketed. Thank your state legislators instead.
For those who don’t want to read article: about 75% of cost increase is because of state cuts, remaining 25% due to increased faculty salaries, nicer facilities etc.
I don't build tracks but $13.8 million doesn't seem much.
Yet, local high schools (see McKinney ISD and Allen ISD) are building $50-70m football stadiums.
$13.6? Is the track dirt?
Is there a rule against attaching a helium balloon to yourself while running a road race?
Jakob Ingebrigtsen has a 1989 Ferrari 348 GTB and he's just put in paperwork to upgrade it
How rare is it to run a sub 5 minute mile AND bench press 225?
Am I living in the twilight zone? The Boston Marathon weather was terrible!
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts