Archive for Friday, April 23, 2010

K-State president says university could be running on private funds within two decades

April 23, 2010

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— Kansas State University president Kirk Schulz says the Manhattan university could be completely funded by private money within two decades.

Schulz told The Kansas City Star that with a continual drop in public funding, he expects Kansas State to eventually be operating on money from donors, tuition and grants.

He says the state funded 42 percent of Kansas State’s budget 10 years ago. That has dropped to 22 percent this year.

Schulz says the drop in public funding makes it difficult for administrators to plan for the future.

Schulz and other university leaders are supporting sales tax increases to increase the state’s revenue stream.

Comments

Jeteras 5 years, 1 month ago

21,570 students + average $2500 per semester = $107,850,000 a year is not enough to keep the university open?????? what are we paying professors $800,000 a year now???

boltzmann 5 years, 1 month ago

Fail. Maybe you should enroll in KU for a math class.

107,850,000/800000 = 134 - an upper bound on the number of faculty from your estimate - assuming that the only cost to the university is faculty salaries - i.e. no staff, no administration, no building upkeep, electricity or climate control costs.

There are approximately 1000 faculty at the Lawrence Campus - a factor of between 7 and 8 more than your estimate would indicate.

With that amount of money we could pay the professors about 100K a year, if all classes were held in a open field somewhere so we would't have to pay anything for buildings - we could just write the grades for each student on the back of their hand, so we wouldn't have to use paper or computers.

MustHaveSalt 5 years, 1 month ago

K-State keeps moo-o-o-o-o-o-o-o-o-ving along with the times.

puddleglum 5 years, 1 month ago

maybe KU will annex little cousin in 5 years?

yourworstnightmare 5 years, 1 month ago

I applaud Schulz for saying this. The same can be said for KU, which is at about 22% state funding.

The legislature has not fulfilled the responsibility it has to the universities, yet the legislature likes to tell them what they can charge for tuition, etc.

It is time for KU (and KSU) to divorce itself from the state and to become private. It is within reach through increased tuition and increased efforts in fundraising and external grant pursuit.

BigDog 5 years, 1 month ago

I am sure the tax payers will be glad to sell the buildings and land to the university .... then they can go private. It solves the states budget problem and then KU and KState can do what they want too.

ConcernedCynic 5 years, 1 month ago

A lot of building on campus are paid for by donors...

MyName 5 years, 1 month ago

Ummm yeah... about that cranial rectal inversion you seem to be experiencing:

Schulz isn't saying he wants K-State to go private, he's saying that at the rate the funding is being cut (or at least not raising with the increasing tuition inflation) the money from the State will make up such a small portion that it won't matter.

And I don't think you seem to understand what this would mean: Kansas students get a discount in the tuition rate because the State chips in. No discount means less incentive for the really good students to even look at an in State college. It also means alot of unhappy people who will have to keep paying more out of pocket to make up for the lack of funding from the State.

Universities, especially an Agricultural University in a State like Kansas, provide enormous amounts of important information for free. It's not "welfare" to actually pay people to research techniques that make farmers produce more, it's part of what made this country the leading economy in the last century.

Graczyk 5 years, 1 month ago

LG40, You really do need an education if you can't understand the loaded meanings of code words. Like I said to you on another post, you should try grad school at KU. They let everyone in apparently.

whats_going_on 5 years, 1 month ago

then, humor us...what did you REALLY mean by that statement?....

KU_cynic 5 years, 1 month ago

Not only do future generations of Jayhawks and Wildcats get to look forward to receiving little state support for education, paying high tuition rates, and running up more student loan debt (in contrast to their baby boomer predecessors who got great deals). . . .

. . . they can also look forward to confiscatory tax rates to pay for under-funded social security and Medicare benefits enjoyed by aging baby boomers.

Thanks for the wonderful legacy, you self-centered geezers.

whats_going_on 5 years, 1 month ago

no state support=less money to attend school=less people attending school=more uneducated people who can't find a job=a huge ongoing cycle of sh*t.

Great.

gccs14r 5 years ago

Oh, but lack of adequate education leads to more Republican voters, so it serves the purpose of the Legislature to destroy our educational system.

tpatt 5 years, 1 month ago

Will all the red-necks act all high and mighty if they go to a private school? Stanford for hillbillies?

Thinking_Out_Loud 5 years, 1 month ago

How much do you wanna bet that if Schulz's scenario comes to pass the legislature will actually draw funds from tuition or donations to fund other things.

finance 5 years, 1 month ago

Very likely an unstated legislative agenda--force everything and everyone off the tax dollar. Pitiful state of conditions, and insult added to injury because virtually every legislator in this state is a beneficiary of the tax dollar...be it public school financial support, higher education subsidy, roads, police protection, fire protection--you name it--what's the phrase? Bite the hand the feeds you; in this case, viciously biting the very institutions that nurtured and protected you to your current comfortable state of affairs. Shame on Kansas--backward beast.

gccs14r 5 years, 1 month ago

Maybe the Legislators should have to eat the same pay cuts they foist upon the various agencies that are funded by tax dollars. Tax receipts go down 20%? Cut legislator pay 20%. That might get their attention.

fromlarrytown 5 years, 1 month ago

http://www.k-state.edu/budget/fact%20card%20FY10.pdf

State Appropriations.…………………....................................................…..$168.1 million

$168.1 million is a very large amount of money for any university to fund. The University would need to increase the size of its endowment by roughly $340 million of unrestricted funds in order to generate enough money to fill the hole left by no state support. It is unlikely to happen in the short-term.

fromlarrytown 5 years, 1 month ago

Wrong math on my part......$3.4 billion......

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