Wednesday, January 7, 2009
TCU, SMU, and UNT among universities trying to save money
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Universities across Texas, including TCU, SMU, and UNT are cutting back on their budgets thanks to last year's stock market plunge which put a big hit in their endowments. TCU has imposed a hiring freeze, and all universities will see student scholarships affected.
Posted by Alex B.
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Comments
Alex Bentley Staff
Received an e-mail from Shawn Kornegay, Associate Director of Communications at TCU, making this correction:
"We are not in a 'hiring freeze' (Dallas Morning News reported that in error). We are still hiring, but just not adding new positions."
Thanks for the clarification, Shawn.
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
Scott Doyle Verified
What's this? Save money, eh?
THEN WHY THE @#$% BUILD A NEW STADIUM WHEN YOUR 1 WIN FOOTBALL TEAM CAN'T FILL UP THE ONE THEY'VE GOT?!
Now, not only are the students footing half that bill...they won't have as much scholarships available to them. Absolutely incredible.
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
Jason Rice Verified
::A NEW STADIUM
You're confused. They are saving their money. The stadium is your money.
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
jtmbls Anonymous
I'm so glad you were able to let that out...If only they would have listened to you Doyle...
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
Scott Doyle Verified
J-Rizzie, it's supposed to be both:
The athletics fee, if passed, could only account for half of the $60 million venue, according to state law. The remaining money must come from private donors or sponsors.
You're telling me they're raising $30MM privately (trying, anyways) during this economic debacle and they're going to use it for a goddamn stadium rather than replenishing the depleted scholarship funds? Terrible. I'm embarrassed to be an alumni.
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
Jason Rice Verified
Sorry Scott. I never understand sports expenditures at a school. My alum org calls every coupla months begging for football money and I just give them hell. "So how much of my donation would go to fixing that backup power system for the high energy research center?" .... <crickets.>
5 months, 4 weeks ago ( Link to this comment | Suggest removal )
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