Another Funding Cut

[cyclone87]

An additional funding cut is on the way for ISU in the upcoming fiscal year (proposed ~$6 mil). This is on top of the ~$9 mil mid year cut that was recently leveled on the university. Going to be hard to support record enrollment with dwindling resources. I wonder if they will propose substantial tuition increases going forward, seems about the only option to me (other than cuts in staff, programming, and/or quality) if cuts continue with the university already underfunded (imo).

http://www.desmoinesregister.com/st...reduces-proposed-budget-173-million/99759506/

 

[Rabbuk]

It's getting harder and harder to take the classes you need to graduate in 4, from people I've talked to there now.

 

[carvers4math]

They have pretty much ruined the state budget. Don't want to cave this, but cripes.

 

[cyclone87]

Problem is it has been shown in the past that there is relatively little political blow-back from cutting university funding compared with other areas (just raise tuition). Thus, the defunding of Higher education.

http://www.iowafiscal.org/2012research/120308-IFP-regents.html

 

[Bryce7]

Join the dollar short crowd.

 

[NATEizKING]

Might as well go JUCO transfer route these days and figure out what credits will count.

 

[ISUAgronomist]

Might as well go JUCO transfer route these days and figure out what credits will count.

Eventually it will be like Texas A&M. They boosted enrollment so high that getting in from a JUCO is nearly impossible. So the budget aware students will get shafted.

 

[Clonehomer]

I guess if the regents wanted to make some noise, they could start raising acceptance standards to match the budget cuts. If the state wants to cut funding then the universities would respond by taking fewer in-state enrollees.

 

[knowlesjam]

They are going through the same funding cut drills here in Nebby...state budgets are shrinking and college education appropriations continue to fall. Students get hit in two ways... tuition and fees. The fees are the tough ones though as often a scholarship will cover only tuition...not fees.

Eventually you get to a point where the number of students levels out and you can balance the administrative and infrastructure costs...not there yet. Until then...look for the costs to continue going up...

 

[ArgentCy]

Not everyone's income is guaranteed to go up every year. Farm prices are down and now the farmers are starting to feel the effects. This is a large part of the tax revenue drop to Iowa.

 

[Bryce7]

I do not know the answer. Do the international students bring in more funds to the school or do they cost more than they bring in?

 

[MeowingCows]

I do not know the answer. Do the international students bring in more funds to the school or do they cost more than they bring in?

My understanding is that the vast majority of international students are non-scholarship, making them purely revenue like that of out-of-state students (who may still have scholarships, too).

 

[mj4cy]

Sad to hear/see this. I'm all for trying to balance the budget and not operate in the red, but I'm sure there are many many better ways to go about it.

I fear for what's to come for my kids in the next 13-15 years when they go to college.

 

[erikbj]

Sad to hear/see this. I'm all for trying to balance the budget and not operate in the red, but I'm sure there are many many better ways to go about it.

I fear for what's to come for my kids in the next 13-15 years when they go to college.

I worry about that everyday with my 3 year old. It's crazy, i graduated 15 years ago with no debt and $10K in my bank account - just by working while i was in school. Cannot imagine having to write a check twice a year at these prices.

Our government has a lot of big problems ahead of them and we have this stupid 2 party system that cannot get along and actually fix things. Also the people inside of the two party system, i wouldn't trust to balance my checkbook.

 

[SCNCY]

Of the three regent universities, Iowa State has to cut the most, where Iowa, while just a slightly smaller number, is a smaller percent of their overall budget.

 

[brett108]

My understanding is that the vast majority of international students are non-scholarship, making them purely revenue like that of out-of-state students (who may still have scholarships, too).

Out of state tuition waivers were very common when I was in school for surrounding states. Has this changed? If not we are not doing as well with OOS students as one might believe

 

[brett108]

Of the three regent universities, Iowa State has to cut the most, where Iowa, while just a slightly smaller number, is a smaller percent of their overall budget.

They receive the lions share of the state distribution, which is garbage, and have almost twice the endowment. So its no surprise. ISU has to do a lot with little, but that has always been the case.

 

[Clonefan32]

Sad to hear/see this. I'm all for trying to balance the budget and not operate in the red, but I'm sure there are many many better ways to go about it.

I fear for what's to come for my kids in the next 13-15 years when they go to college.

I'm absolutely convinced there are a large percentage of people that wind up worse off financially having gone to college.

 

[mj4cy]

I'm absolutely convinced there are a large percentage of people that wind up worse off financially having gone to college.

That's why we only got one 529 plan for our 3 kids. The rest in other types of investments....we figure in 10-15 years who knows if college is the best route to go towards a career anymore.

 

[Judoka]

I do not know the answer. Do the international students bring in more funds to the school or do they cost more than they bring in?

International students are a cash cow. That's a big part of why they are recruited so hard.