World-Shaker

Rutgers Boosting Athletics at Expense of Academics Fails to Emulate Texas →

infoneer-pulse:

Rutgers University forgave $100,000 of the football coach’s interest-free home loan last year. The women’s basketball coach got monthly golf and car allowances. Both collected bonuses without winning a championship.

Meanwhile, the history department took away professors’ desk phones to save money and shrank its doctoral program by 25 percent. After funding cuts by the deficit-strapped Legislature, New Jersey’s state university froze professors’ salaries, cut the use of photocopies for exams and jacked up student tuition, housing and other fees.

Rutgers also increased funding for sports. The 245-year-old school spent more money on athletics than any other public institution in the six biggest football conferences during the 2009-2010 fiscal year, based on data compiled by Bloomberg. More than 40 percent of sports revenue came from student fees and the university’s general fund.

» via Bloomberg

That’s because Rutgers is a sports company that also happens to run a college.