Athletics Cost Colleges, Students Millions
Career College Central summary:
The Knight Commission on Intercollegiate Athletics says Division I schools with football spent $91,936 per athlete in 2010, seven times the spending per student of $13,628. Division I universities without football spent $39,201 per athlete, more than triple the average student spending.
Athletics is among the biggest examples of the eruption in spending by universities that has experts concerned about whether higher education can sustain itself.
The lethal combination of exploding spending, tuition and student debt could lead to a wider financial crisis, reminiscent of the Internet bubble of the late 1990s or the housing bubble in the late 2000s.
In sports, the chasm between the haves and have-nots continues to expand, said Brit Kirwan, chancellor of the University System of Maryland and co-chairman of the Knight Commission.
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