[engineeringwoke]

Providing education isn't expensive; big campuses and teams of administrators are. Universities could easily return to the old ways, just cap annual loans at $20k per head. It would be painful, but they're fat, and what they're doing is bad for society.

[brtkdotse]

Not to mention sports teams.

[uberman]

You don't understand university sports revenues and expenses.

Feel free to download a breakdown of revenues and expenses for the university of your choice at: https://ope.ed.gov/athletics/#/

You are going to find that almost every school is net neutral with respect to their sports programs. Football and basketball typically funding all other sports.

[flaviut]

I haven't looked at the entire dataset, but looking at the major schools that are close to me:

Expenses: 12M, 25M, 13M, 70M

Revenue: 6M, 30M, 13M, 44M

1/4 is making a slight profit. 1/4 is breaking even. 2/4 are making a major loss.

A Kennesaw State University (00157700 )| Total Enrollment: 27,300

B Georgia Institute of Technology-Main Campus | Total Enrollment: 14,476

C Georgia State University | Total Enrollment: 22,276

D University of Georgia | Total Enrollment: 27,877

[cudgy]

These figures don’t add up:

“University of Georgia Athletics approved a new budget for the 2022 fiscal year on Friday. The budget is set at $150,290,994, which is $7.7 million more than in 2019 and $3 million short of the 2020 budget.

Georgia athletic director Josh Brooks told media that the 2020 budget shortfall is currently $30 million and was previously $53 million amid the COVID-19 pandemic.”

https://ugawire.usatoday.com/2021/05/28/georgia-foootball-ug...

Later in the article, it states that the stadiums were at partial capacity (mid 2021), so once stadiums went back to full capacity revenue surely increase significantly.

[uberman]

I'm surprised by this and I am guessing it is due to a covid blip. Historically most athletics programs run revenue neutral.

[Sohcahtoa82]

Sports teams are a profit center. Season tickets are hundreds or even a thousand dollars. And then there's the absurd money they make at the concession stands and merchandising.