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Wednesday, January 7, 2009

TCU, SMU, and UNT among universities trying to save money

By Pegasus News wire

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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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Alex Bentley

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.

10 months ago ( Link to this comment | Suggest removal )

Scott Doyle

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.

10 months ago ( Link to this comment | Suggest removal )

Jason Rice

Jason Rice Verified

::A NEW STADIUM

You're confused. They are saving their money. The stadium is your money.

10 months ago ( Link to this comment | Suggest removal )

jtmbls

jtmbls Anonymous

I'm so glad you were able to let that out...If only they would have listened to you Doyle...

10 months ago ( Link to this comment | Suggest removal )

Scott Doyle

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.

10 months ago ( Link to this comment | Suggest removal )

Jason Rice

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.>

10 months ago ( Link to this comment | Suggest removal )

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