Friday, January 8, 2016

Drexel University happily avoids the spending binges that sap resources at far too many other schools - JOHN A. FRY, Wall Street Journal

The spectacle of the NCAA national-championship game Jan. 11 in Glendale, Ariz., between Clemson University and the University of Alabama is sure to inspire fresh dreams of prosperity and prominence at many universities. That’s too bad, because for all but a handful of schools the cost of a prime-time sports program will always exceed revenues. Yet many universities are spending tens or even hundreds of millions to build football stadiums and training facilities, shelling out millions more to attract star coaches. In the past five years public universities have allocated more than $10.3 billion in student fees and other subsidies to prop up sports programs, according to a November examination by the Huffington Post and the Chronicle of Higher Education.

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