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

As classes resume at college campuses, for many, it’s an uneasy time.  States across the country are desperately searching their proverbial couch cushions for spare cash — anything to keep their education budgets intact — and they’re coming up short.

In California, the state funded colleges and universities have been hit particularly hard.  The state had to cut $1.3 billion for the academic year now upon us.

But on many campuses, spending on intercollegiate athletics is actually 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, with a report originally broadcast in March.

Watch more segments from this episode.