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

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

    Quote Originally Posted by fmw View Post
    They need to hire people with business acumen to run the University. When revenue falls you take measures to compensate. You reduce costs. You redouble efforts to get more donations from successful alumni. You don't whine and threaten. Life has its ups and downs. We all have to manage the downs the best we can.
    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.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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

    Tell that to the Legislature of Louisiana. The "S" in "LSU" is "State."

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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 apparently have no interest in showing any basis for it.
    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

    It's not crazy to talk about making student loans dischargeable again, or even capping the number of federally guaranteed loans so that private banks can compete for more borrowers. But the bigger challenge is reducing the cost of tuition in the first place. Tuitions are artificially high directly because of federal financial aid. "It's a vicious cycle," McCluskey recently explained in a speech. "Students tell the politicians, 'We don't want to pay this much for college,' and politicians respond by throwing more money at them, and colleges respond by increasing costs."

    While critics charge that gradually cutting back on federal financial aid is "heartless," doing so would actually be one of the most compassionate things we can do in the long run for middle-class families. Going to college is a big part of the American Dream for many young people, but well-meaning "help" from the federal government is driving up costs, creating massive debt, and, in some cases, ruining lives.
    C.T.L.W. You figure it out



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

    Quote Originally Posted by MrVicchio View Post
    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
    Why are you quoting something that I generally agreed with in my post?
    "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 fmw View Post
    They need to hire people with business acumen to run the University. When revenue falls you take measures to compensate. You reduce costs. You redouble efforts to get more donations from successful alumni. You don't whine and threaten. Life has its ups and downs. We all have to manage the downs the best we can.
    Wow! That's quite a solution. You must have a broad background in funding and governance and university administration.










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  6. #46
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by chromium View Post
    republicans care less about higher ed, despite most of the repubs in office went to colleges that were greatly funded by taxpayers, but the truth is that few dems are willing to raise taxes or prioritize higher ed either

    In my state, the gutting of higher ed began years before the great recession (2002 ish). The dem governor canvassed voters and discovered that college was "the lowest priority" for them. Not surprising coming from a population where 80% never got a degree and even fewer currently rely on subsidized college. However, to make up for this (or as revenge), my public school has gone from 30% to 50% out of state enrollment. LSU will attempt this now, but with less success i'm sure.

    At the same time, i have to question the academic mission of a place where 25% of its budget comes from football. Maybe if these fans donated the football ticket $ to i dunno, the *school* instead, this would be a total non issue. Let's see, $100 million from athletics, yep, pretty sure that will cover the loss in state revenue. It's like that's the only purpose for LSU existing or what?

    All of the state's colleges will declare bankruptcy at once, to minimize the blow to enrollment, because no one goes to those colleges unless they have no other choice. The problem is that now they'll have to come up with $3000/year more to cover tuition, so this will indeed cripple enrollment as uneducated and unemployed beats uneducated (sorry but it is LSU), unemployed, and debt ridden
    Please provide links. Or at least enumerate what state you're in so others can attempt to verify your story.
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    Re: LSU drafting 'academic bankruptcy' plan in response to state budget crisis

    Quote Originally Posted by Blue_State View Post
    Oh ya. Just the GOP going after education. Here in CT, our all democrat run state just proposed this:



    Malloy Defends Hundreds of Millions in Cuts | NBC Connecticut

    And our local:

    Higher education cut, local school aid flat in Malloy budget | The CT Mirror



    Yup, just those damn Republicans.

    He also is cutting funding to mental health which his commission said to increase when asked to help after Sandy Hook.
    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!!
    jallman: "It's all good. At least you have a thick skin and can take being poked fun back at without crying. "

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

    Quote Originally Posted by Thrilla View Post
    I don't have much sympathy for the school.. sorry.

    there's an awful lot of money floating around in terms of sports and merchandising...not to mention the tuition dollars that are already paid, exorbitant book prices, etc.

    the salaries that are made by coaches, administrators and professors is just... damn...crazy.
    300 grand a year to be a assistant crash.. or 250 grand a year to teach a class?... bull****...absolute bull****.
    Do you have a link for those salaries?
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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

    Quote Originally Posted by Somerville View Post
    As noted by Frodly (post #17) a "few outliers" doesn't really tell the whole story.

    2014-2015 average professorial salaries - Univ of Wisconsin-Madison

    Anyone who thinks "overseeing graduate students as they write their theses" is not to be regarded as "teaching", don't know **** about graduate level education.
    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
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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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.
    For Universities - Football pays big time.
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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