That’s still 1.4B a year. They get $1.1 B in tuition a year. That’s $2.5B. They have 2300 professors. At $200k salary that’s only $0.4B of the $2.5B.
That’s still 1.4B a year. They get $1.1 B in tuition a year. That’s $2.5B. They have 2300 professors. At $200k salary that’s only $0.4B of the $2.5B.
BussyCat@lemmy.world 3 days ago
They also have 12.8 square miles of campus to maintain… which requires a lot more than just the 2300 professors. They also have adjunct professors, lab managers, researcher techs, facilities, and a ton of other expenses that are required from an R1 research university.
The grad students while they don’t get a “livable wage” do get their tuition comped and get a housing stipend. Like we can always do better but undergrad students are being done much dirtier than grad students as they are going into huge amounts of debt to try and even afford tuition
Blue_Morpho@lemmy.world 3 days ago
Those all fall into the underpaid category too. Adjunct professor is particularly abused.
$2.5B from tuition and endowment, $2.2B in sponsors and $1.6B in donations. $6.3B a year income. 27.4k total employees. If each and every employee was paid $100k, that’s $2.7B for salaries.
BussyCat@lemmy.world 2 days ago
You know you can just look at their budget right?
budget.stanford.edu/budget-plans
Blue_Morpho@lemmy.world 2 days ago
Great link. Thanks!
There are interesting expenses in there. Like $178M spent for travel and food. I wonder how many teaching assistants and adjunct professors get private jets and private chefs like the President and his executive staff and all the Deans and their staff. I had a friend 10 ago who applied for the job to be the private chef for a dean in a medium college.
en.wikibooks.org/…/Stanford_Research_Scandal
Those perks didn’t end when the scandal was exposed. They only changed to take the money for perks from tuition instead of the government.
stoly@lemmy.world 1 day ago
You and I are the only people in this thread with actual experience at a university. The rest are just looking for places to project their anger and general malaise.
BussyCat@lemmy.world 1 day ago
I worked at a university, did research at a university and was a student. There is obviously waste and definitely some amount of grift but the auditing requirements in place to prevent grift are arguably so strict that they cause as much or more waste as they save in grift.