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Thread: Student Loan Debt Owed to Federal Government Up 463% Under Obama

  1. #21
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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Rocketman View Post
    student loans are welfare
    No they're not.
    Freedom of speech is not freedom from criticism.

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Moot View Post
    Gee, the rising cost of tuition wouldn't have anything to do with those multi million dollar salaries that universities and colleges have to pay football and basketball coaches nowadays, would it? The institutions of higher learning seem more interested in chasing balls than academia and teaching the young how to earn a living in the real world.
    Actually, it doesn't.
    Freedom of speech is not freedom from criticism.

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by sawyerloggingon View Post
    I was thinking more of the college profs and the administration. Football makes money.
    Not everyone can be a football player and using most of the schools funding and resources to pay a coach's high salary instead of on higher learning seems like a good way to dumb down America ala the Mudsill Theory

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Kobie View Post
    Actually, it doesn't.
    Oh? .....

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Moot View Post
    Oh? .....
    Football and basketball are revenue-generating sports, and that money generally goes to fund their respective athletic departments.
    Freedom of speech is not freedom from criticism.

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Rocketman View Post
    student loans are welfare
    More like debt slavery.

  7. #27
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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Moot View Post
    Oh? .....
    Nope. Those salaries are paid out of the athletic departments, which make their money independent from general university funding. Endorsements, broadcast deals, what have you. It doesn't impact tuition costs at all.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Kobie View Post
    Football and basketball are revenue-generating sports, and that money generally goes to fund their respective athletic departments.
    It seems strange that a university would have furloughs, hiring freezes, layoffs of staff, and reductions in operating expenditures and even lay off entire departments of learning .....and then give the coach an 800K raise.


    Division I schools spend more on athletes than education

  9. #29
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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Moot View Post
    Gee, the rising cost of tuition wouldn't have anything to do with those multi million dollar salaries that universities and colleges have to pay football and basketball coaches nowadays, would it? The institutions of higher learning seem more interested in chasing balls than academia and teaching the young how to earn a living in the real world.
    Has nothing to do with that. They are paid from a completly separate source. Who Pays the College Coach - WSJ.com

    My alma mater has no football program. And yes, they are a private school that tends to be a bit more costly, but they are still so full each year that they turn qualified people away.... And they charge ~$16k per semester........ that is not for a DEGREE, that is ONE SEMESTER.
    As a dreamer of dreams and a travellin' man, I have chalked up many a mile.
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    Re: Student Loan Debt Owed to Federal Government Up 463% Under Obama

    Quote Originally Posted by Harshaw View Post
    Nope. Those salaries are paid out of the athletic departments, which make their money independent from general university funding. Endorsements, broadcast deals, what have you. It doesn't impact tuition costs at all.


    "...Between 2005 and 2010, spending by athletic departments rose more than twice as fast as academic spending on a per-student basis.

    Median per-athlete spending by 97 public institutions that compete in the top-tier Football Bowl Subdivision increased the most: 51%, to $92,000, between 2005 and 2010, while median spending on education increased 23%, to just under $14,000 per full-time student.

    Meanwhile, tuition at four-year public universities increased an average of 38% and state and local funding rose just 2%, research shows.

    At schools where athletic budgets top $70 million, ticket sales are the largest source of revenue, followed by contributions and payments for television agreements and participation in bowl games and tournaments, the report shows. But fewer than one in eight of the 202 Division I schools in the report generated more money than they spent in any given year between 2005 and 2010....read...."

    Division I schools spend more on athletes than education


    The univerisities and colleges are spending more money on athelitics than they bring in. Meanwhile, students are going into debt for five to ten years of their working life just to get a mediocre education so they can get a job to pay off their student loans. What a racket.

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