5 months ago
Seth C
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Geez, about a quarter of the endowments for UT and A&M gone? … YES!
I liked that it said, “University of Texas at Austin, Texas A&M University at College Station, and Texas Tech University …” Phrases like that help our flagship quest. Unfortunately, with these economic times that issue may be shelved for another two years.
After all is said and done, more is said than done.
by ayleein on
Jan 7, 2009 9:31 AM CST
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Easy...
Rooting against a rival’s sports program? OK
Rooting against the education of students? Way off.
Cuts that result from this reduction don’t just hit the athletic department. In fact, as much private funding as these programs get, they may not even be affected that much. I was grateful for the education I received at Tech that, in some small part, was funded by our endowment through some scholarships. I wouldn’t cheer against anyone receiving the best education possible, no matter how much of a rival they are considered.
by TracySaulRulz on
Jan 7, 2009 11:12 AM CST
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I’m not rooting against education, but I will root against two universities using the Legislature to steal trillions of dollars from the state and cutting everybody else off from those funds. What’s the difference between a 6.5-billion-dollar education and a 4.8-billion-dollar education? UT just spent a ton of money expanding their stadium to be larger than A&M’s, who recently expanded their own stadium which now sits half-empty except on the most anticipated of Autumn weekends. Really, what’s the difference between what they had and what they have?
Losing 1.7 billion dollars won’t force them to lay off world-class professors or cancel development of world-class research. It won’t really hurt UT or A&M at all. I feel bad for UNT and Tech and other public universities that are losing money in a way that I just don’t for UT and A&M. If that’s wrong, then sorry, but that’s how I feel.
After all is said and done, more is said than done.
by ayleein on
Jan 7, 2009 8:05 PM CST
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please explain
I will root against two universities using the Legislature to steal trillions of dollars from the state
How are A&M or texas “stealing” anything?
UT just spent a ton of money expanding their stadium to be larger than A&M’s, who recently expanded their own stadium which now sits half-empty except on the most anticipated of Autumn weekends.
Stadium expansions have nothing to do with university endowments; expansions are funded by the athletic department, which is entirely separate from the university.
If you think A&M’s stadium ever sits half-empty for a football game, you don’t understand math.
Losing 1.7 billion dollars won’t force them to lay off world-class professors or cancel development of world-class research. It won’t really hurt UT or A&M at all.
It will cause them to shelve any possible increases in their budget, and any new proposed projects or research until they can find alternate sources of funding. It also means they will most likely enact a hiring freeze, which means no new faculty or staff, and with burgeoning enrollments at both of these institutions, that means a higher student-to-teacher ratio, which does hurt the students and the school. Saying these losses won’t effect either institution is short sighted.
All public universities are saying they are waiting for help from the government, but the indications are that they won’t receive any help, and will have to cut costs where they can. I think holding the budgets to the same amount or cutting slightly from last year will be the first step.
by Beergut on
Jan 11, 2009 6:55 PM CST
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TCU & SMU
have endowments that are nearly twice what Texas Tech receives. There simply are not as many extremely rich exes from Tech as there are from the other larger schools in Texas. If anyone cannot see that this is the reason Myers & Hance wanted to wait until the season ended to make an offer to Leach just are not seeing the whole picture. As Tracy said, a large amount of the endowments go toward educational assistance. By doing so, the best possible schooling can be offered using the best possible methods. And the sports budget from these funds is taking a hit as well. All across the world, the same thing is happening to educational institutions. When the economy all over levels out this year, or later, then endowments will move upward. Until then, we fans must keep aware and help if we can in any way possible. I hope Leach remains and dismisses any other future attempts to entice him to leave for “greener pastures”. This economic downturn is hurting everyone and we all must turn to God for guidance, being thankful for all we have and pray only for our daily meal. The future will be Ok. Keep the faith.
TTpilk
by TTpilk645 on
Jan 7, 2009 10:06 PM CST
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Wow
I was getting lost there. What I want to say is that many students, as well as student athletes, will miss out due to the universities tighter shoestrings. We really need to see an upturn soon, so more students can benefit from stronger endowment fundings. Whatever happens to Texas Tech in particular, I simply hope the students will be thought of first.
TTpilk
by TTpilk645 on
Jan 7, 2009 10:12 PM CST
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