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View Diary: Student Loans: a bubble waiting to burst (214 comments)

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  •  The highest paid state employee (13+ / 0-)

    in Iowa is a football coach who is paid $3.86 million plus bonuses. This year, he got a $100K bonus.

    That's insane!

    •  IIRC, you are talking about UI in Iowa City. (6+ / 0-)

      It was made law sometime in the recent past that the public university sports departments had to be self funded within x time.  UI is supposedly 100% self supporting, ISU around 75% and UNI 50%......

      UI sports department paid 100% of the conversion from real turf to astro turf at Kenick Stadium.  Unlike when they converted from astro to real in '91 when the 'state' paid for it.

      But, generally speaking, I agree with you.  Some of the vice presidents, presidents, senior administrators are also over paid.

      •  The UC Chancellors make as much as the POTUS (7+ / 0-)

        Chancellors Katehi and Birgeneau make over 400K per year, which is the same salary that the President of the United States is allocated.

        I think this may be contributing to student debt...

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        by mahakali overdrive on Sun Dec 09, 2012 at 11:22:14 AM PST

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        •  And Yudof, that callous waste of space, (8+ / 0-)

          with his housing, it's almost 700K a year. Also, his attitude towards students has been openly derisive. He had one NYT interview that was literally mocking Higher Education.

          CSU Chancellor (which is the same as the President of the UC System -- the terms are inverted within these two systems) gave himself a 20% raise, IIRC, last year so that he was up to 500K.

          And who gets screwed by this? Students who wind up in deeper and deeper debt.

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          by mahakali overdrive on Sun Dec 09, 2012 at 11:39:42 AM PST

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          •  And filthy Yudof's pension (3+ / 0-)

            after literally standing by and watching the destruction of the University of California will be $350K. That's his executive, individually-negotiated pension. In addition he will receive the same retirement benefits as career staff.

            When originally hired, it was estimated that his total retirement package would be $600K per annum, assuming he made it to six or seven years or service.

            Meanwhile, members of the CX bargaining unit, the administrative assistants who actually do the work at UC, recently received their first pay increase in four years. It was 3%, of which 1.5% immediately went back to the University to cover...you guessed it...pension payments.

            •  These diaries never fail to make me utter two (2+ / 0-)
              Recommended by:
              nchristine, blue jersey mom

              words: "General Strike."

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              by mahakali overdrive on Sun Dec 09, 2012 at 02:21:55 PM PST

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              •  Student strike (4+ / 0-)

                They used to be common in the 60's. The students have a lot more reasons to do them now.

                ¡Cállate o despertarás la izquierda! - protest sign in Spain

                by gjohnsit on Sun Dec 09, 2012 at 02:40:45 PM PST

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                •  Sure, but students are only at any university (3+ / 0-)
                  Recommended by:
                  nchristine, blue jersey mom, gjohnsit

                  for four-years. Great if they get to it! Professors are there for decades. I'd like to see our ilk strike, to be honest.

                  Actually, where I see a strike hitting hardest personally is if Grad Student Teachers at R1s did it because this is where the bean counters in admin count on being able to find the cheapest labor, and these folks teach the most low-level GE classes; often for far less even than adjuncts, and with far, far more obligation and less say. They are students too.

                  I would like to see what would happen if they launched a general strike. I can't think of any situation which would bring the administration to a halt more quickly. Professors would likely turn around and strike because adjuncts couldn't pick the classes up (they're already overloaded and not salaried; Professors are salaried and have to basically do whatever work isn't being done.... ouch!). Then again, many Profs have awful unions which don't let them.

                  So the GE courses, which are the money-makers, by and large, due to higher enrollment rates due to attrition, are the best place for this.

                  Particularly English and Math, which are often under state mandates to be met.

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                  by mahakali overdrive on Sun Dec 09, 2012 at 02:52:39 PM PST

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                  •  Did that make sense? (2+ / 0-)
                    Recommended by:
                    nchristine, blue jersey mom

                    I've been thinking about this for like four years. If that didn't make sense, let me know. I keep hoping that someone, some Grad group, will do this and do it right, particularly in the very troubled UC system.

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                    by mahakali overdrive on Sun Dec 09, 2012 at 02:53:57 PM PST

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                    •  Made sense to me and I'm not in the education (2+ / 0-)

                      profession.....

                      •  Remember all the Occupy stuff at UCBerkeley? (3+ / 0-)
                        Recommended by:
                        nchristine, blue jersey mom, gjohnsit

                        This is where they could have actually had lasting impact.

                        I'll use UCB as a case study since it's typical of a large public R1:

                        Each year, Berkeley typically offers approximately 1,700 lower division, 2,500 upper division, and 3,000 graduate primary courses, in addition to 5,400 independent study/thesis/dissertation courses, and 5,800 secondary sections (non-credit-bearing discussion and laboratory sections associated with primary courses).
                        Fine and well, and here is the important part:
                        Primary courses are taught by approximately 1,470 ladder faculty, 200 visiting/adjuncts, 15 lecturers with security of employment, 600 lecturers, 100 emeriti or recalled faculty, 400 graduate students, and 400 others with mostly non-teaching (administrative) appointments. There are an additional 1,700 graduate students (and some advanced undergraduates) who direct secondary sections (discussion and lab courses) and 600 readers/graders and 400 tutors who provide additional support to the primary courses.
                        Okay, so that leaves about 1,500 tenure-line faculty teaching courses, and like 800-odd adjuncts, and 400 grad students teaching primary courses, plus something like 1,7000+ "support" teachers. These are often "section leaders" and graders. The classes are often taught by these folks off the books.

                        Adjuncts have no job security. They can't strike. It would imperil their rehire.

                        Tenure-line faculty are MAINLY teaching the upper division classes (undergraduate and graduate).

                        Those 400-1,700 grad students will only be covering the bottom 1,700 classes. On average, to meet their stipends, they'll be teaching at least two classes, so I'm thinking that about half of these classes are literally taught by on-the-books grad students, and these are mainly in prerequisites.

                        If they decided to strike, they, as students, would have very little ramifications: they couldn't be let go from the University or receive reduced grades. They could possibly have their stipends withheld, although I'm not sure here. However, what would happen before that happened would probably be that the tenure-line faculty who oversee the grad students and have relationships with them would in many cases (at least temporarily) cover for them -- ESPECIALLY those vying for, but not yet having obtained, tenure; it would look swell on a tenure document! But given the unmanageable work load, they would get frustrated, start kvetching to the powers that be; some couldn't due to union issues, however, and that wouldn't be something anyone could hold against a tenured Prof (UCB's unions aren't very strong though). Also, undergrads reliant on these courses would definitely be angry, and at who? Admin. Would admin let the faculty go? Not on your life. Would they let cheap grad labor go? No way. They couldn't run their Universities without them!

                        They're the perfect bargaining chip. If only they recognized their own power here.  

                        I wanted to shout this from the rooftops during the undergrad protests at UCB and UCD.

                        If we want motion with student debt reform, we probably won't find it from the Government beyond narrower credentialing of for-profits and potential loan forgiveness stuff, maybe. But if we want to know how to take action, this would be my recommendation to move it along. Sorry about the really long post.

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                        by mahakali overdrive on Sun Dec 09, 2012 at 03:36:02 PM PST

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      •  Athletic program profit (3+ / 0-)

        should go back to the general fund, not into obscene salaries for coaches and ADs or costly upgrades to facilities. There are lots of competent people who would love to coach at the U of Iowa for $200K per year. They would probably be just as successful.

        (OTOH football should probably be phased out as a "sport.")

        •  cocinero - only two sports have profits (0+ / 0-)

          Football and men's basketball (and at a hand full of colleges women's basketball) ever have a profit and that extra cash helps pay for the 20 varsity sports that don't generate enough revenue to cover their costs. Winning big college football programs generate a lot of cash and have great PR benefits for the university. Coaches sell their services to the highest bidder, and there is a very active market for them.

          "let's talk about that"

          by VClib on Mon Dec 10, 2012 at 10:50:15 AM PST

          [ Parent ]

          •  So, because it makes money, it's good? (0+ / 0-)

            Regardless of what it does to the players? If that's the rationale, maybe colleges should establish brothels.

            •  cocinero - I don't think brothels would have the (0+ / 0-)

              same positive PR value.

              "let's talk about that"

              by VClib on Mon Dec 10, 2012 at 12:26:14 PM PST

              [ Parent ]

              •  You mean like football? (0+ / 0-)

                Where coaches become multi-millionaires by exploiting student-athletes?

                Where fans participate in drunken tail-gating parties then watch as spectators while young men collide with one another causing life-altering injuries? It's always the big hit that brings the crowd to its feet. And we think the Roman Coliseum was barbaric.

                •  cocinero - I love football (0+ / 0-)

                  I loved playing it and I love watching it. It is a fascinating game that is the most cerebral and most violent of the major sports. There is no doubt that it can take a physical toll. However, it is one of the ways that colleges build communities and fans. There is no other college event where 50,000, 75,000 or even 100,000 people come together.  If you don't like the game it is easy to see college football as a negative, but if you are a fan, it's a lot of fun.

                  "let's talk about that"

                  by VClib on Mon Dec 10, 2012 at 01:52:56 PM PST

                  [ Parent ]

    •  Controversial but yes (10+ / 0-)

      From the Money Magazine article Stop the tuition madness

      Then there's the ultimate sacred cow: college sports. Spending on athletics has accelerated at twice the pace of spending on academics, according to the Knight Commission on Intercollegiate Athletics, even though most programs lose money. Of the top 120 Division I football teams, for example, only 22 showed a profit last year. Defenders say those programs are still valuable because they can lead to a spike in admissions applications and alumni donations.

      Things work out best for those who make the best of the way things work out.

      by winsock on Sun Dec 09, 2012 at 09:45:18 AM PST

      [ Parent ]

      •  Lets be precise: we are talking about football (2+ / 0-)
        Recommended by:
        FG, nchristine

        My solution:

        Here is a legitimate case for privatization. Why should pro football get a farm system on universities' dime? Baseball doesn't work that way.

        1. Schools divest themselves of any financial obligation to run a football program.
        2. Schools sell or lease all football facilities to the NFL
        3. Mascots, trademarks, etc. are subject to a use fee from nfl to the schools.  
        4. To preserve the ideal of student-athletes, bulk up the intramural program and transfer all academic support for players intending to rise in the nfl organization to a vo-tech department

        We are the principled ones, remember? We don't get to use the black hats' tricks even when it would benefit us. Political Compass: -6.88, -6.41

        by bmcphail on Sun Dec 09, 2012 at 12:21:46 PM PST

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    •  cocinero - most highly paid college coaches (0+ / 0-)

      at state schools are paid from sports revenues and athletic endowments rather than by taxpayers.

      "let's talk about that"

      by VClib on Mon Dec 10, 2012 at 10:44:43 AM PST

      [ Parent ]

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