Go back a few months now, right around the time the fate of Chizik and Co. ( C & Co.) was being debated right here on TET, and in particular, the conversations concerning C & Co.’s buyout. Do you remember those? Do you remember how some concerns were raised with regards to the cost of the buyout versus the potential impact of that financial decision related to the cost of tuition? I do, vividly.
I also remember, in particular, how one student’s assertion that she didn’t think it was a good idea to fire C & Co., because it required a buyout of several millions of dollars and that she was afraid that the cost would be levied on the backs of the student body, was met with a large chorus of how athletic money comes from a different pot than the tuition money, yada yada yada.. Ringing any bells?
Funny thing happened. The Board of Trustees got together the other day and decided it has become necessary to raise tuition by 4.5%. Ironic right!?
So, for clarification purposes, could somebody give me some clue as to why my tuition is being raised by $203 PER SEMESTER and out-of-state tuition is being raised by $587 PER SEMESTER? I’m not a math major and I don’t have the exact enrollment numbers handy, but by my rough calculations, the increase comes in somewhere around $95,000.00 PER SEMESTER total. One on hand, I guess I should be honored and happy that I get to look forward to the benefits of my increased educational value, and maybe some new desks and stuff. On the other hand, they did raise football ticket prices…wait, what? They did raise them right? Wait, you don’t think that this new revenue, raised squarely on the backs of the student body, will be used to pay…….nah, it’s a different pot of money.