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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