(12-15-2016 04:23 PM)jaredf29 Wrote: (12-15-2016 03:01 PM)StatueKnight Wrote: This has to be the biggest waste of money I have seen out of a football program. If you are generating that kind of revenue you should be spinning it off to students for non-athlete scholarships or something. Tuition in the State of South Carolina is not cheap. People have their motivation in the wrong places. I am beginning to dislike college football.
I agree. They shouldn't charge tuition for awhile or subsidize tuition if you're just going to spend money for the sake of spending money.
For the sake of argument, I actually did a little math here instead of just saying something. For reference, I did not factor in their discount rate, which stands at roughly 24%:
18,016 undergraduates at Clemson with a roughly 70/30 split for in-state vs. out of state.
$14,882 in-state tuition and $32,800 out of state tuition.
So Clemson brings in roughly $364,957,300/year from tuition, which means that Clemson is spending around 14% of a single year's tuition intake on a Football facility. Not a crazy amount of money if you ask me, especially considering that it is likely that football is at least a tertiary and potentially a primary reason why most of those roughly 6,000 out-of-staters come to Clemson at a $32,800 clip per year (which equates to roughly $180,000,000/year). They pull in more than enough to justify this considering their debt service will probably be 15 years, which moves that percentage of yearly tuition revenue down to roughly 1%/year.
Effectively, shoveling that $55,000,000 to the coffers normally filled with tuition funds in order to lower that tuition over the same 15 years would lower tuition for the average student by right about $267 for all in-state students per year...big savings there.
The cost of college being increased at a ridiculous rate is not based on athletics spending, it's based on a lack of support from the government. On average, a school has lost just under 40% of per student funding from state and federal government over the past 20 years....got to be made up somewhere, and unfortunately it's tuition. Guess the governments care more about losing 1300 jobs instead of 2000 and paying for planes and ships they don't use instead of supporting the educational system in America. But that is a whole other can of worms that I wish to close here and now.