If you don’t look at anything else today, make sure you check out the latest chart USA Today has assembled, showing the rankings of 230 public colleges and universities on the basis of their revenues for the 2013-14 fiscal year.
For context, you can read some stuff here, such as the information detailing Oregon’s big jump. But the truly staggering numbers are easy to see on the chart itself: scroll down to No. 52, Cincinnati, and look at how much revenue some of these schools are generating from non-athletic sources, such as student fees, direct and indirect institutional support and state money.
It’s not that I have a problem with subsidies per se. It’s that I strongly doubt all the parties ponying up know exactly what’s going on.
By the way, notice what kind of deficit Auburn ran? Maybe we ought to let them run wild with that COA stuff after all until they wind up filing for bankruptcy.