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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

fromlarrytown 3 years, 12 months 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.

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gccs14r 3 years, 12 months 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.

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finance 3 years, 12 months 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.

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Thinking_Out_Loud 3 years, 12 months 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.

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tpatt 3 years, 12 months ago

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

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KU_cynic 3 years, 12 months 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.

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deathpenaltyliberal 3 years, 12 months ago

"lawrenceguy40 (anonymous) says… ...Good for Schulz. He seems to have a spine. I fear we have a welfare queen in charge at KU."

I know this isn't PC, but you might be a racist if you can take an article on KSU funding and pivot to a racial smear. Stay classy.

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lawrenceguy40 3 years, 12 months ago

I have commented several times here that KU should be entirely funded by private money. This should be a goal of both the university, the state and the citizens of Kansas.

Good for Schulz. He seems to have a spine. I fear we have a welfare queen in charge at KU.

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yourworstnightmare 3 years, 12 months 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.

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puddleglum 3 years, 12 months ago

maybe KU will annex little cousin in 5 years?

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MustHaveSalt 3 years, 12 months ago

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

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Jeteras 3 years, 12 months 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???

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