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Cost of scholarships at CU

Discussion in 'Colorado Football Message Board' started by Buffnik, Nov 21, 2009.

  1. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    I just posted this on Rivals, but maybe someone here has the answer:

    I was reading on another board that CU requires that every athletic scholarship is paid for by the Athletic Department at out-of-state tuition rates. Additionally, that every other Big 12 university only makes its AD pay in-state tuition for student athletes.

    Anyone know if this is true?

    Because if it is, CU's scholarship expenses are about 4x what they should be and this is a major factor in what the AD is able to do with facilities, coach salaries, number of sports offered, and academic support for our athletes.
     
  2. Lt.Col.FrankSlade

    Lt.Col.FrankSlade Well-Known Member

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    Given that most of the players on the team are from out of state, is this that big of a deal?
     
  3. Duff Man

    Duff Man Moderator Club Member Junta Member

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    Seems about 15 players or so are in-staters on scholarship. Seems like it could add up to a decent chunk of change for a department that needs all the money it can get.
     
  4. MiamiBuffs

    MiamiBuffs Wᴉɐɯᴉ qnɟɟs Club Member

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    You tell me. The AD is supposedly $800,000 in the red this year.
     
  5. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    If no one else in our conference makes its AD pay out-of-state tuition for out-of-state athletes, it's a HUGE deal.
     
  6. Duff Man

    Duff Man Moderator Club Member Junta Member

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    I looked at the roster. It is actually somewhere between 20 and 25 players on scholarship that are Colorado residents. Given that the difference between resident and non-resident tuition is about $21,000, we're looking at a difference of somewhere in the neighborhood of $420K. Seems like a pretty big deal to me.
     
  7. DBT

    DBT Club Member Club Member

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    Tuition for out of staters is triple in state. So, kids in lib arts pay, like, $6K a year, in state. Out of state would be more like $18k a year. So, the difference is $12k, for tuition. That does not include books, room and board. I assume athletes on scholly get some sort of stipend for room and board as well. (Anyone know how that works?) So, lets say we have to pay an extra 12K a year for an out of state athete who is in lib arts and double that for one in, say, the B school. And say we have 60 out of state guys on scholly. 60 x 12 = $720,000 per year, right?

    While on the subject, how much does the big donation by that lady help in buying Hawk out? She gave something like $3 million that goes to scholarships. So that is that much less that the AD has to pay out.
     
  8. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    And the numbers guys are posting is just considering football. Add in the full and partial scholarships for Basketball, XC, Tennis, Soccer, Skiing, Golf, Volleyball and Track & Field and we're in the millions every year. That's a lot of cheddar.
     
  9. BlackNGold

    BlackNGold Club Member Club Member

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    Out of state Tuition and fees is $28,000 per year resident is $8000 (please note that each school has slightly different tuition - engineering is higher than general studies). The argument is to charge the true cost of education for the scholarships to Athletes which is ~$18000.

    I don't know what other schools do or can do ---there was something a few years ago that you cannot charge the in-state rate because it is subsidized.
     
  10. DBT

    DBT Club Member Club Member

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    Good point, since football funds all of them. So, say, 100 times 12. Thats $1.2 million. And those ****ers in volleyball, soccer, golf, etc probably have a bunch of kids in the B school, arch, engineering, etc! ****ers! Don't they know what they are doing to our football team?!!!!!
     
  11. DBT

    DBT Club Member Club Member

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    Didn't they probably put that lady's donation into some kind of interest earning fund? So, they would only use the interest? So, say 6% would give you about $180K a year, or something. Hey, I'm stupid about this ****. Anyone know? I'd say they invest it and set aside a certain percentage for schollys. If it earns above the set aside, they bank that to increase the fund. Is that correct? Hopefully the upturn in the market lately will help. If all this **** had gone down last year, with the crash, I'd bet there would be no way we would even consider replacing Hawkins.
     
  12. leftybuff

    leftybuff Iconoclast Club Member

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    If we could reduce the amoutn spent by paying in-state rates where applicable...that would be pretty gouda...
     
  13. DBT

    DBT Club Member Club Member

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    Just bring 'em here a year early and have them establish residency! Problem solved!! :huh:
     
  14. GreeleyBuff

    GreeleyBuff New Member

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    I like your idea DBT!!
     
  15. ScottyBuff

    ScottyBuff Well-Known Member

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    Basically right. Usually endowments for scholarships or professorships use 5% of the total as the annual disbursement. Things might have changed over the last couple of years as alot of endowments are scaling back their payouts. 4% is probably a more conservative number to use.
     
  16. 66BUFF

    66BUFF FTW Club Member

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    I was told in state for state kids and out of state for the others. I think this is the case at all of the schools. Texas schools have a big advantage as most of the kids are from texas.
     
  17. BlackNGold

    BlackNGold Club Member Club Member

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    No, all athletic grants in aid at CU are charged to the AD at the Out of State rate regardless if the player is in-state or not.
     
  18. ScottyBuff

    ScottyBuff Well-Known Member

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    Do you know, or have a link to how much that is?

    I'd like to see how that compares to other NCAA schools, especially the Big 12. I know Iowa State is fairly low, something like $16,000 which includes room and board.
     
  19. 66BUFF

    66BUFF FTW Club Member

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    not what I heard from someone in the AD
     
  20. Lt.Col.FrankSlade

    Lt.Col.FrankSlade Well-Known Member

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    I thought this was what the "Golden Buff Scholarship Fund" was for?
     

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