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

  1. #31
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by Khayembii Communique View Post
    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.
    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.
    C.T.L.W. You figure it out



  2. #32
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by MrVicchio View Post
    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.
    Actually an increase in state support and decrease in federal student debt support would net out to a decrease in funding.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    Quote Originally Posted by Khayembii Communique View Post
    Actually an increase in state support and decrease in federal student debt support would net out to a decrease in funding.
    The forest is large, but all you see are the trees.
    C.T.L.W. You figure it out



  4. #34
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by MrVicchio View Post
    The forest is large, but all you see are the trees.
    And you're apparently incapable of having a discussion about this.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    Quote Originally Posted by BWG View Post
    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.
    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.

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

    Quote Originally Posted by JasperL View Post
    It's impossible to know without more information, but I've got some friends that are Professors, several in economics. The guys making the big money are often cash cows. One person in particular I know brings in a ton in consulting work that floats an entire research section, all of his salary, half the salary of several econ faculty, admin, plus an annual many $thousands transfer to technology for the rest of the department, and he teaches 1/2 class per year many years. There is no one making that kind of money just sitting around overseeing graduate students.

    The other thing is most of the well paid folks, especially in the business fields, are endowed professors, so those examples in Wisconsin might be the (e.g.) Charles Koch Professor of Economics, with who knows ($100k?) of that salary paid for out of an endowed fund. Any decent school will have several of those for the most senior faculty in the business departments. It's also common for local businesses to make donations short of endowments to "augment" salaries for the areas they are most interested in, such as economics and accounting. So the money flows through the school, but is earmarked for higher salaries for the express purpose of attracting the big guys to campus - so accounting firms as a group might donate $200k/year to go to salary for senior accounting professors, etc.
    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

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

    Quote Originally Posted by Khayembii Communique View Post
    And you're apparently incapable of having a discussion about this.
    Okay, I'll make it more simple.

    The costs are out of control, what are the expenses?
    C.T.L.W. You figure it out



  8. #38
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by MrVicchio View Post
    The costs are out of control, what are the expenses?
    You have shown no basis for this statement.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    Quote Originally Posted by Khayembii Communique View Post
    You have shown no basis for this statement.
    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.
    C.T.L.W. You figure it out



  10. #40
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by MrVicchio View Post
    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.
    And apparently have no interest in showing any basis for it.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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