How Much Fat Was There in Universities?

U $600 mil 4-16The end of the school year is almost here and the only state university announcing an early closure is Chicago State University, one whose educational product is not widely praised.

The question I have been asking myself since the universities started complaining about not getting their state subsidy is “How much fat is there is the state universities?”

If there were not huge reserves, one would think that the universities would have shut down before now.

Back in the 1990’s, when state government tried to force the University of Illinois enterprise funds (read primarily dorms) to pay for their health insurance, the university legislators passed a bill to prohibit collecting what it cost.

That gave a subsidy to students renting dorm rooms that certainly did not meet cost accounting standards.

I’d guess the universities must have had a lot of money squirreled away to last nine months without their usual state subsidy.


Comments

How Much Fat Was There in Universities? — 1 Comment

  1. 10%, any gov agency could get cut that much and most of us wouldn’t even notice the service changes.

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