This website is no longer actively maintained
Some material and features may be unavailable

Sis, boom, bust: The high cost of college sports

It’s an uneasy time for many of America’s university campuses. In New York, the governor is proposing a 10 percent reduction in funding to higher education. In Michigan, it’s 15 percent. And in California, almost 16 percent. Last month, the president of the University of Nevada Las Vegas announced that the school may end up in the academic equivalent of bankruptcy. Tenured faculty could lose jobs, and entire departments may be closed.

But on many campuses, spending on intercollegiate athletics is growing, even though most sports programs run up millions of dollars a year in annual deficits. That means that while public universities are cutting in classrooms, your tuition dollars — and maybe even your tax dollars — are subsidizing big-time college sports. Here’s Need to Know correspondent Rick Karr.

Watch other segments from the episode.

  • thumb
    Main Street: Findlay, Ohio
    Need to Know travels to Ohio to assess how workers are faring after the loss of millions of manufacturing jobs over the past 35 years.
  • thumb
    Following the money: Tax breaks
    New CBO report echoes the findings of Need to Know's "A tale or four tax returns."
  • thumb
      Certifiably employable
    Rick Karr recently visited Seattle to look at a program designed to give the unemployed the skills they need to find jobs in one of the country’s fastest-growing industries.