The University of Kentucky upgraded its campus to the tune of $805,000 a day for more than a decade. It now has a lounge for esports competitions.
By Melissa Korn, Andrea Fuller and Jennifer S. ForsythThe nation’s best-known public universities have been on an unfettered spending spree. Over the past two decades, they erected new skylines, poured money into big-time sports programs and hired layers of administrators. Then they passed the bill along to students.
To get at the root cause, The Wall Street Journal examined financial statements since 2002 from 50 universities known as flagships, and adjusted for inflation.The schools paid for it in part by pulling in tuition dollars. The median flagship received more than double the revenue from undergraduate and graduate tuition and fees it did 20 years prior.64% price increase for the average student.and prioritized raising revenue over cutting costs.
He said that some features in the dorms, such as the countertops, lower maintenance expenses, and that the Tempur-Pedic mattresses were purchased at a comparable cost to traditional ones.
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