One of the things about writing SRBP is that posts sometimes show changes in thinking as your humble e-scribbler gains more information.
Over the last few posts and on Twitter, some of you may have seen a comment to the effect that you could replace the government subsidy to the university with a tuition hike and be cash to the good. Well, that just is’;t the case. As Tuesday’s post showed, the government grant covers about 71% of the university’s operating revenue every year. Tuition covered about the same percentage (11%) as it did in 1977.
Taking a hard look at the current numbers showed that tuition and fees from the 18,700 graduate, undergraduate, and distance students at the university, full- and part-time brings in slightly less than $60 million annually.
What hasn’t changed, though, is the starting point of this mini series from last Friday: the university needs cash. The question is how to get it.