My daughter is a UMich graduate, ‘10. I am still paying the loans, and will be for a while (out of state tuition). Great school...we all loved it...but c’mon, man...this is crazy! I sent her the article. Thanks.
Liberal academia riding the Obama taxpayer ripoff trend-wave.
Nothing new.
“Higher education is a public good....”
I’m sure its pretty good for Coleman...
President Mary Sue Coleman comes in fourth, at $585,783, up 2.75 percent from last year’s compensation of $570,105. Coleman donated her raise this year to a scholarship fund.
Coleman’s total compensation package, however, exceeds $910,700. In addition to $175,000 in deferred compensation, a $100,000 yearly retention bonus and more than $50,000 in annual retirement pay, Coleman also gets the use of a car and U-M’s 162-year-old president’s house.
Coleman has also been reported to make about $230,000 for sitting on the board of Johnson & Johnson and another $137,000 for belonging to the board of Meredith Corporation, a media and marketing company
The legislature in Indiana performed an audit of Indiana University a few years ago. The results were that 53% or so of the professors did not teach any classes. Another 20 -30% only taught 1 or 2 classes. Almost all of the courses were taught by graduate assistants. The graduate assistants tried to unionize to increase their wages since they were doing all the work. The whole thing was a joke. I would venture to say that most state supported universities are the same way. Probably the only thing that will break the monopolies will be on-line universities taking off and undercutting the private and public university prices. The existing public and private universities will use every trick and political pull to fight it. Every time I read one of these articles I think of the sign the OWS NYC girl carried that said “I’m $90,000 in student loan debt, have a BA degree in Hispanic Transgender, Gay and Lesbian studies and can’t find a job.” Sort of sums it up doesn’t it!
HEY, MARY SUE! YEAH, YOU! Obama done spent all the money! - - - - Yeah, - - there is no mon——. Yeah! Good idea! Just apply directly to China.
What’s that? No, China won’t have any strings attached to the money. No! Of course not! Never!
Who, - - who am I? I work here at the Treasury.
My name? Timmy. Yeah, that’s me - - - Timmy Gee.
My title, yeah, well - - - . Well, some call me the Sheriff of Nottingham which really isn’t fair because what I do is very difficult very complex and very difficult to explain unless you have economic training as I have from some of the best schools on the East Coast and worked unselfishly with very low pay in -——.
Oh, you’re leaving? Okay. Bye. Good luck on getting your Money from China!
((She is going to need a LOT of luck!))
As far as the university funding goes, alumni contributions will probably increase this year as they as they figure to do when the football team has a successful season. Athletic Department revenues should provide an increasing funding stream as well.
I’m right outside city limits. I’ll just say this. You can’t have scum without UM. Go State.