Underpaid 83-Year-Old Professor Died Trying to Make Ends Meet by Working Night Shift at Eat an' Save

[quakerboy]

152. I keep wondering where exactly all the money for tuition goes?

so.. go with the low end of that, 29k tuition. Wikipedia says they have over 10k students.

Thats theoretically 290,000,000 coming in per year in tuition, low end. And that doesn't count room and board fees which can be anywhere from 9k to 24k per year.

Figure 1 staff member per ten students. I am guessing its less, but it seems like a reasonable, generous guess when you consider admissions, lab techs, student life, maintenance, etc. That would be 1000 staff. And lets pretend they all make tenured prof pay, around 100k/year. That's about 100 million to pay all the staffing, at the most. About 1/3 of the tuition cost, even when you add in the presidents million (700k, but you have to consider employment taxes and any bonuses or benefits).

Even if you figure they roll 33% back into scholarships and grants, that still leaves a lot of wiggle room. Probably a very high estimate but even that still leaves about 100 million, not counting room and board or any other fees, not counting any money that comes in off of athletics(if thats a money maker in this case) or alumni donations, federal grants, etc.

That's about 100 million, or 10k per student for building upkeep, supplies, marketing materials, etc. Per year.