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(Bangor Daily News)   State university has a $36 million shortfall. How to deal with this? Give the head financial administrator a 40k raise. What the fark, UMaine?   (bangordailynews.com) divider line 61
    More: Asinine, University of Maine, Southern Maine, state university, doctorate degrees, vice chancellors  
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3112 clicks; posted to Main » on 17 Apr 2014 at 1:19 AM (49 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-17 10:21:29 AM  
Oh where do I apply to this prestigious and financially sound academy of learning to give them much money I borrow on high interest in order to memorize and regurgitate facts they charge me more money in book fees for so that they may bestow upon me the sheepskin of knowledge that I may gloat and prove to others that on their say so and sound financial reputation that I have a clue? Oh where to sign up for this glorious road of knowledge in a state where the letter "R" is banned from speech and the Bush family is welcomed as heroes?

*rolls eyes*
 
2014-04-17 10:26:41 AM  

cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.


This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.
 
2014-04-17 10:38:14 AM  

Prince George: cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.

This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.


There is also the issue of the folks with purse strings just doling out contracts without much real oversight.

UMF as a case in point: brand new Computer Center back in the 90s. It was at 100% capacity when built--absolutely no room to expand the program, or purchase any new equipment. It was built, slightly over budget, taking up fairly precious parking spaces for commuters--which is a trade off when you are a college situated in a small town--but without any room for expansion, the only way to do anything with the computer science folks was to...wait for it...build NEW space, which was oddly enough, about ten times more expensive than building a larger facility in the first place. The folks who won, were the contractors, who came back to build the addition, because they got first bid. Could have done it right the first time, and saved everyone a lot of hassles and a lot of money, but instead, you have continued construction, which shows the Board how HARD folks are working to improve the system, and it keeps contractors happy. It's an issue that the UMaine system has faced for years. Additions, construction, low quality construction, barely at capacity construction that NEEDS revisiting, and a stream of cash that flows out to keep up--all the while pointing, "we can't afford anything new for the faculty, because look at the construction!" Rennovating and repurposing structures? Not sexy enough. And not profitable enough.
 
2014-04-17 12:18:29 PM  

fireclown: Big_Fat_Liar: I like that idea, but I'd focus it on Freshman and Sophomores only. Anyone attending a university instead of a CC for their first two years of high school for adults can obviously afford to pay a little more.

I've wandered through academia a good bit, picking up a few degrees and a bunch of misc courses.   My last few forays have been into community colleges, and I'm liking them more and more.  Small classes, easy to navigate, surprisingly great facilities.  It looks like there was some kind of renaissance in them in the 15 years since I last attended one.


CCs are great.  I'm sure if I browsed the course catalog of my local one, I'd find 4 or 5 classes I'd like to take personal/career enrichment...if I had the free time.   Welding, industrial electricity, machine shop,/CNC stuff, quality management, pottery...
 
2014-04-17 12:32:18 PM  

Prince George: cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.

This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.


As an educator, I pretty much agree with you, but you are seeing 2 long-toothed faculty making the bigger amounts, and dozens and dozens of adjuncts and lecturers and visiting positions making pitiful fractions of that. In my classes, of which there may be 18 students, 1/3 of one student's tuition for that class that semester goes to my salary. Where does the other 17 and 2/3 tuition go? Surely, it's not to the new multimillion dollar building on campus, or the renovation of the sports arena that was recently added on to a few years previous.
 
2014-04-17 01:11:18 PM  

Mawson of the Antarctic: Prince George: cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.

This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.

As an educator, I pretty much agree with you, but you are seeing 2 long-toothed faculty making the bigger amounts, and dozens and dozens of adjuncts and lecturers and visiting positions making pitiful fractions of that. In my classes, of which there may be 18 students, 1/3 of one student's tuition for that class that semester goes to my salary. Where does the other 17 and 2/3 tuition go? Surely, it's not to the new multimillion dollar building on campus, or the renovation of the sports arena that was recently added on to a few years previous.


wow.  I'm assuming you are not an economics instructor.

Maybe some of that tuition goes towards your benefits and your pension and to the utilities and building maintenance and and the cost of that counselor or the refrigeration in the cafeteria or the financial aid department that helps that student attend your class or for campus police or for the guy that fixes the toilet when it starts flooding the bathroom and shiat starts running in the halls or....
 
2014-04-17 01:16:57 PM  

Prince George: cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.

This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.


I dont think the 36 million shortfall is caused by CEO pay
 
2014-04-17 01:30:50 PM  

cman: Prince George: cman: Here's an idea: why not increase tuition to make up for the shortfall?

Kids go to college no matter what the cost, especially if its a 4 year school.

This is exactly the cause of the student loan crisis.  Universities pay their faculty CEO grade pay because they know the sky is pretty much the limit on student loan borrowing and they can just jack up the tuition. Want to fix it?  limit what they can borrow based on performance and how much they can potentially make when they graduate based on their field of study.  Then like any business Universities will make the necessary changes to survive in a shrinking market.

I dont think the 36 million shortfall is caused by CEO pay


No, but it is caused by the squandering of resources, knowing full well that the University system will make up for this shortfall of management. It is a symptom of a larger problem, but please, let's congratulate the University for rewarding folks who are in charge of screwing the system further.
 
2014-04-17 01:35:51 PM  
Wouldn't be kind of cool to see the actual expenditures to the University? I bet among the group, we could find a way to cut the budget. I'm sure there would be a lot of folks who would be upset at pay decreases, but I would really like to look into the side money. Who's getting paid on the property the U is on? If it is leased, I'd be looking into relocation to have the U own the land it's on. (Things like that.)
 
2014-04-17 08:29:03 PM  
I'm finding it very hard impossible to sympathize with UMaine when I read stories like this.
 
2014-04-18 12:47:08 AM  

Monkeyfark Ridiculous: dnrtfa, but the finance guy could be practically working miracles and the school could still show a shortfall.


How does that happen? The impression I have as a foreigner is that US universities charge enormous tuition fees so it seems strange that they don't make a profit. Unless it's just the famous big name universities that charge the big money fees.
 
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