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chasineyes

Is this a Bailout?

49 posts in this topic

If the U of M wants to increase its tuition and the customers (students) don't want to pay, and then enrollment drops and the U goes to the state for money, is that considered a bailout?

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I think it's a lot more gray than black and white. The U of M is a state instiution. The public benifits from the gains at the U. The "profits" aren't privatized. Every public institution are asking for more from the state, and always asking. Given the current context of "bail out", I don't see it as that.

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I don't see it that way either.

If your school district asks for more money to hire more teachers is that a bail out?

When MN needed funding to build the new 35W bridge was that a bail out?

If the Army needs more money to supply body armor for its troops is that a bail out?

Without government funding the U of M wouldn't exist so its mere existence could be considered a bailout using that line of thinking.

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and then enrollment drops and the U

I don't foresee enrollment dropping at the U anytime soon. They are turning away more and more good students each year from my understanding. Now that said, how the future students take on debt to pay for college will likely be part of some sort of 'bailout'. The U also needs money to grow just as the general economy does.

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Yeah the U is not in trouble with enrollment. My wife works at the U and they can barely keep up with the additions of new programs they are being required to add.

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If enrollment is up, would they not be able to charge what they need without going to the state for money? Isn't that basic supply and demand? Whereas the MPLS school district is losing students (revenue) and yet they still need more money.

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Has the U been asking for large amounts of money? I haven't heard anything?

Generally I believe the tuition basically is designed to break even with what it costs to educate the student, plus room and board if needed. If the school wants to grow, add more programs, renovate a building etc that money needs to come from somewhere else.

Public schools like MPLS can loose students but they are usually operating at over capacity so loosing a few students just brings them closer to where they should be. Part of the issue with school funding is that No Child Left Behind and the Basic Standards testing has required many new programs but these programs require more teachers and more money to operate properly. When the school is given funding based on its performance a school that is behind will only get further behind each year as funding is cut as a punishment.

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I think it's a general tuition increase. I know when I went different colleges in the U of M had differing tuition increases. i.e. the general college might be 2% where IT might have been 5% and the college of Pharmacy 8%.

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Has the U been asking for large amounts of money? I haven't heard anything?

Isn't the U always asking for large sums of money? Here is the latest:

Regents approve budget request

BY Michael Langseth

PUBLISHED: 10/19/2008

The University of Minnesota Board of Regents voted unanimously Friday morning to approve President Bob Bruininks’ proposed biennial budget request to the state Legislature.

The proposed budget asks for a total budget increase of $141.2 million over two years, the second-lowest increase requested in the last decade. The proposed budget will increase tuition by 4.5 percent per year, or around $400 per student, Bruininks said.

The plan will ask the state for money to fund three main areas: $95.2 million for retaining faculty and staff, $16 million for middle-income scholarship support and $30 million for research infrastructure.

The scholarship program for middle-income students, combined with existing programs for low-income students and additional fundraising will combat the tuition increase for 9,000 University students, Bruininks said.

Members of the board praised the plan for its balance between economic realities and working toward the University’s goals.

The budget’s harshest criticism came from Regent Steven Hunter, who said that he was not entirely happy with the request because he would prefer to send a budget proposal to the state with a zero percent tuition increase. He did, however, vote for the proposal.

Regent Dallas Bohnsack said the budget will face a lot of negotiations when it reaches the state Legislature, and the University will need to have contingency plans. He said it’s a long-term proposal.

“So you can see a lot of things that can come up, there could be some positive things, there could be some very challenging things,” Bohnsack said.

Whatever the state Legislature decides, the University will balance the budget, Bruininks said.

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Its a state institution, sending a budget proposal to the state will happen every year so I guess in that sense they are always going to be asking for money.

I don't really know much about how the school is run overall. I know more about my wifes specific area. But out of all the government entities, the U of M is very low on my radar as far as concerns go.

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Oh my God where will it stop? Next we'll socialize Police, Fire, Water, Street Lights, Sewage, Parks, DNR, Government. Quick, give me tax cut

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Wow, you guys have gotten so far out there it isn't even funny anymore. If this is a sign of things to come we are going into the dark ages. Since when should we pay for YOUR higher education? You want it, pay for it!!!!

You do realize when Hitler was elected in, he turned it to socializm. There ya go, have fun with that.

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You want it, pay for it!!!!

You do realize when Hitler was elected in, he turned it to socializm.

Shane, are you joking? The University does far more than educate kids, you need to know that. Do you want the students to foot the bill for that? How about the fact that when most of us got our educations it was far more subsidized across the board than it is today? This years tuition increase is the lowest in many years, and it still beats the governments inflation data easily. Poor kids these days have faced over a 7% per year increase for the past 12 years!

As nice as it is to use the Hitler brush, socialism doesn't come in one flavor either. FYI, check out Godwin's law.

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Sandmannd, the U of M is a land-grant institution. Look it up. Part of the entire point is to use the power of the state to help educate folks - & therefore drive the economy, incubate business, & oh, yeah, make people smarter. There's a strong case to be made for the U of M helping the Twin Cities become an excellent place for starting strong businesses.

Is the University overreaching its mandate? Asking for too much money for stuff outside of its core mission? THAT is a valid question, but saying "You want an education, pay for it" regarding a land-grant University ignores their mission & the reason for their existence in the first place.

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You know that's not what I'm saying. There are portions that the gov't cover. That being said, all this whining about wanting and education and we should foot the bill is sickening. Get a grant, a loan, a scholarship, ask mommy and daddy, whatever, but quit asking me for more [PoorWordUsage] money!!! I don't know that it can get much clearer.

And for those that love socialism, if Obama gets in, well be careful for what you wish for.

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Sandmannd, how did you get to the point where you think everyone is asking you for a free college education?

Students at the U of M pay for the education they recieve, always have and always will.

I think you are so afraid of socialism that you are starting to imagine it everywhere. I think you might need to take a break and clear your head. I think these political threads are starting to get to you.

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Students at the U of M pay for the education they recieve, always have and always will.

Depends on where they come from. I went to the U a couple years back with a couple of free loaders from another country.

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those same freeloaders...will probably end up working for the US.

since we now only supply the about 20% of the world's top scientist, we need all the "freeloaders" we can get.

By they way, you can't freeload unless the University determines that you have a certain talent. Most forgien born students that gets a free education by the U have iq and abilities far beyond you or me.

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Originally Posted By: nofishfisherman

Students at the U of M pay for the education they recieve, always have and always will.

Depends on where they come from. I went to the U a couple years back with a couple of free loaders from another country.

Those free-loaders are also called scholarship awardees and they don't just hand them out to foreigners first come first serve or just for fun. These people have to demonstrate ability AND THEY HAVE TO PASS AN ENGLISH EXAM

There are lot of US citizens that go to the U on a full scholarship as well.

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I agree, those "freeloaders" aren't there for "free" usually. the U of M will award scholarships to those who they feel will bring them something in return.

If you want to get an advanced degree in any of the "hard" sciences you will actually get paid to get your degree. I believe its right around $20,000 a year while in school. Of course during that time you are working long hours in the labs doing research for the university and working as a teachers assistant.

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The strenght of the US has alwasy been drawing talent from other countries and keeping them here working for the US. That's a two prone attack, depriving other countries of intellectual talent, at the same time boosting our own pool.

Thats they way we've operated for years, that's how we got stronger and that's how we stay strong.

Not so much lately.

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Nofish hit the nail on the head. At the graduate level, students do research or teach to pay their keep. It is a very competitive process and very few are on full scholarship, if they are, they are smarT. The graduate science programs are heavy with foreign born students primarily because the US born candidates often can't hold up their end of the bargain, and drop out in high numbers. I'm not familiar with too many free loaders from other countries as undergrads, but it could be the case for some. I don't think US taxpayers are footing the bill for that.

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also not every forgien student are scholarship awardees. For example , the wife of a cousin of mine studied at the U. Her dad in China is very rich and was able to foot the 500,000 yuan bill which is about 71k US, and that's just for classes as far as I know. Meh, they're rich.

On the other hand another cousin of mine, went to studie at fargo ND. her family in china hd to sell their house, land and pretty much their kitchen sink to pay for her tuition.

crazy.

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Nofish hit the nail on the head. At the graduate level, students do research or teach to pay their keep. It is a very competitive process and very few are on full scholarship, if they are, they are smarT. The graduate science programs are heavy with foreign born students primarily because the US born candidates often can't hold up their end of the bargain, and drop out in high numbers. I'm not familiar with too many free loaders from other countries as undergrads, but it could be the case for some. I don't think US taxpayers are footing the bill for that.

I am a grad student at the U and "get paid to go to school". Freeloading? Hardly. Although I have been accused of such in this very forum. My advisor gets government grants or occasionally money from corporate America for research and part of that money pays for my tuition and my paycheck - in turn I do the work and publish it. It's a lot of work, so much so that it would be impossible for me to have a second job to pay my bills and my tuition.

The amount you get paid depends on what dept you are in. Health sciences students usually get paid more and that is because the grants that fund their work are usually much greater. Usually this ranges from 20-25K per yer. Ag students usually get paid considerably less from 12-20K per year. If we were doing the same work in industry the paychecks would be CONSIDERABLY greater. We make a financial sacrifice, as well as a time sacrifice, to earn these advanced degrees.

Some foreign born students have the exact same gig as myself, meaning tax payer money funds them. Others have a deal with their governments where their country foots the tuition and stipend bill and they are contracted to return home and work for their country. Remember, these people are not so much getting paid to get an advanced degree in the US but more getting paid to WORK FOR PEANUTS and get an advanced degree. As such, they are also paying state and federal income tax on the money make here.

This kind of setup is pretty much only for science, engineering , or some sort of technology based degree. Students in, say the English dept, have to wait tables and teach class to cover their tuition costs and pay rent at some doodoo-ey apartment in Dinkytown. The work they do at the university, however, doesn't require a 50-60 hour work week.

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