Where does all that money go?

Discussion in 'General Distance Learning Discussions' started by proracer, Sep 5, 2010.

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  1. proracer

    proracer Member

    Money, I guess if I had enough I would attend one of the Ivy League schools!

    Can someone actually tell me where all the money goes when a school is in operation?

    Facilities.....

    Teachers/Professors.....

    Maintenance Personnal......

    Supplies....

    If I have missed anything, please continue the list......

    Thanks, Jim
     
  2. SurfDoctor

    SurfDoctor Moderator Staff Member

    You have covered it pretty well. Your top three answers make up a large portion of the costs. Having owned and operated three small businesses in my life, I find that many people don't realize how much it costs to manage a facility, cover a payroll and provide benefits and insurance. Pensions for retired tenured professors might be fairly significant as well. Liability insurance for such an operation must be huge, too.

    At some of the purely online, expensive schools, there must be huge profit because the overhead is much lower.
     
  3. rickyjo

    rickyjo New Member

    Well, at the schools around here it's all wasted on sports teams, events, bureaucracy, and extremely old, valuable, high maintenance buildings.
     
  4. b4cz28

    b4cz28 New Member

    I would add sports in the mix as well. Large Universities must dump a huge amount into unpopular sports that produce no income. Having a water polo team that fly’s and drives all over the country could not be cheap. Just think of all the other sports they have, dozens and dozens of them. I know there is a constant debate about my local CC’s football and baseball team.
     
  5. SurfDoctor

    SurfDoctor Moderator Staff Member

    I agree. They spend tons of money on sports and consider it a good investment into advertising. And that's probably a correct assumption, too.
     
  6. ITJD

    ITJD Active Member

    You left out unions.
     
  7. SurfDoctor

    SurfDoctor Moderator Staff Member

    Absolutely, that's why employee costs are so high. I'm not anti teacher union, but it does drive up costs.
     
  8. proracer

    proracer Member

    What will a professor in at a big university stand to make?

    Jim
     
  9. SurfDoctor

    SurfDoctor Moderator Staff Member

    University of Illinois $84,507 - $142,431
    University of Pennsylvania $107,442 - $200,500
    Duke University $111,910 - $176,874
    University of California, San Diego (UCSD) $71,216 - $137,555
    University of Georgia $93,000 - $134,653

    Extremely tough landing a job though.
     
  10. Ian Anderson

    Ian Anderson Active Member

    Annual reports are usually available for not-for-profit and for-profit colleges and universities (perhaps not for religious schools). For example the Harvard annual reports are here:
    Financial Administration - Annual Financial Report of Harvard University

    Not so long ago I looked at the Apollo/U of Phoenix report which is available on line.

    I do not know if public universities reports are freely available.

    These annual reports will tell you where the money goes. In fact it is probably a good idea to review these reports before selecting a school for long term study.
     
    Last edited by a moderator: Sep 6, 2010
  11. proracer

    proracer Member

    Thanks......

    Jim
     

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