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Message
re: LSU in Financial Problems??????
Posted on 4/13/09 at 5:54 pm to dgnx6
Posted on 4/13/09 at 5:54 pm to dgnx6
quote:
you do realize though other states dont have tops right... so paying out of state at lsu is still lower than paying instate at other schools.
I really never get why so many folks can think so narrowly about LSU's potential.
We're worried about basic scholarships--which are huge when it comes to recruiting top caliber students from other states.
Cutting scholarships is the LAST thing in a list of things that can be (and have been) cut. (1) We can't build new buildings because we don't have money (i.e., the business building might stall until all the money is raised, chemistry building is not funded, chemical engineering building is not funded, and the band building had to be scaled back to cut costs). The only new construction underway at the moment (besides the massive buildup in athletic facilities): the LSU Union, which was in desperate need of repair and which was funded after pulling teeth from the students. (2) We can't do the hundreds of millions in deferred maintenance for renovations to older campus buildings (quad, french house, huey p. long fieldhouse etc.) because we don't have money. (3) We can't hire star-power faculty or RETAIN quality faculty because we don't have money. (4) And NOW it's gotten so bad we have to quit recruiting students because we can't afford to lure them. this is the last area that can be cut now. it's that bad.
To top it off, we can't get enough alumni support to raise money to reach $750 million for Forever LSU. Read about that here.
In other states, however:
> Tennessee seems to have no trouble recently raising $1 billion and building a new business building.
> Auburn is starting phase II of a MASSIVE and beautiful engineering complex--seriously check out how beautiful it is. It cost $54 million with $30 million put in by the feds thanks to Senator Shelby. See photos.
> Georgia is spending $42.9 million on a simple addition to the College of Pharmacy. (The price-tag of this addition is 2/3 of the price of the entire new business building that we want to build at LSU). You can see other millions spent on construction here.
> Florida is dropping $20 million on an art museum expansion despite the state's budget being tightened.
> FSU just opened a brand new $72 million chemistry building. Read more.
**The Wisconsin state budget will be almost $6-billion in the red in the near future, but the University of Wisconsin at Madison may still push ahead with $580-million in building projects. WOW
But hey, at least Jindal saved that chicken processing plant.
This post was edited on 4/13/09 at 6:46 pm
2
Posted on 4/13/09 at 6:03 pm to johnfredlsu
But hey we just had the number 1 recruiting class for football 
Posted on 4/13/09 at 6:13 pm to mlttiger
Simple solution....raise tuition by $500 per full-time student per semester. I would have loved to be able to attend LSU for less than $1000 per semester ($500 tuition increase plus lab/misc fees). TOPS people don't realize how good they have it. Someone needs to pay. Might as well be the people who are directly benefiting from the LSU education. If people can't afford the increase, then go to ULL or any of the multitude of 4 year or even 2 year colleges closer to home.
Posted on 4/13/09 at 6:18 pm to EZE Tiger Fan
quote:I didn't see the specific schollies. I agree that Bengal Legacy is fairly meaningless and not calculated to draw top students. As to the dude who thinks a 2.5 GPA is a meaningful requirement, l.o.l.
See my post about those specific awards.
LSU was already losing highly qualified students because money was being pumped into awards like Bengal Legacy and Summer Scholars.
I kind of assumed it was going away from Chancellor's Alumni or Top 100 scholarships, which they absolutely cannot afford to drop.
Posted on 4/13/09 at 6:21 pm to johnfredlsu
Great post. They dumped an assload of money into the French House only ten years ago. If it's in need of another major renovation already, it may be the point where it's outlived its utility. The Union project is an unmitigated disaster and the chemistry building has been under various stages of repair since the dawn of time. The field house should just be razed.
Posted on 4/13/09 at 6:30 pm to Cold Cous Cous
quote:
They dumped an assload of money into the French House only ten years ago
The renovation was in 1980...30 years ago. And it was to make it ADA compliant. And it was mainly just a poor addition with an elevator. Check it out.
quote:
the chemistry building has been under various stages of repair since the dawn of time
There is need for NEW lab space for chemistry, not just renovated labs. The lack of space affects faculty retention and the ability to attract research money. There is a spot picked out on campus and even a design for a new chemistry annex. Just no money.
quote:
The Union project is an unmitigated disaster
just glad the project is happening...
quote:
The field house should just be razed
Come on, where's your support for a little bit of history on campus. That place could be awesome and useful (heaven-forbid) if it were converted correctly.
This post was edited on 4/13/09 at 6:35 pm
Posted on 4/13/09 at 6:39 pm to johnfredlsu
quote:My mistake I thought they had renovated it in 1998-99. Apparently they just "rededicated" it. LINK
The renovation was in 1980...30 years ago.
quote:Agreed, but w/r/t Noor, LSU is simply not in a position to compete with Duke. They first need to worry about competing with schools like Alabama and Texas A&M. A&M is a particularly good example because it's an ag school in a nearby state that we've traditionally been considered comparable to. Check out the amount of their endowment - it puts LSU to absolute shame. And that's not money from the state of Texas; it's alumni donations.
The lack of space affect faculty retention and the ability to attract research money.
As for the field house; great pic but it's simply not properly configured for modern usage. The Gym Armory was a great piece of history too, but it had similar issues and is now kaput.
This post was edited on 4/13/09 at 6:42 pm
Posted on 4/13/09 at 6:41 pm to Cold Cous Cous
quote:
The Union project is an unmitigated disaster
Just a little FYI. The project would be done already if they could shut the building down entirely and renovate it all together.
Posted on 4/13/09 at 6:44 pm to Cold Cous Cous
quote:
And that's not money from the state of Texas; it's alumni donations.
Heck, we need to increase funding from BOTH sources (alumni and state). We also would benefit from tuition hikes that don't necessarily need to be matched by TOPS but that need to be matched by the big scholarships for academics. And then we can focus on increasing research funds to start nipping at the heals of Duke. The state doesn't live up to it's obligations nor do the alumni.
quote:
Check out the amount of their endowment
I didn't even bother mentioning the endowment because I figured the other evidence of low-support from all levels (individual and government) was pretty apparent.
Posted on 4/13/09 at 6:46 pm to johnfredlsu
quote:
I didn't see the specific schollies. I agree that Bengal Legacy is fairly meaningless and not calculated to draw top students. As to the dude who thinks a 2.5 GPA is a meaningful requirement, l.o.l.
Well of course its not going to draw the top students but it does bring solid students who wouldn't go here w/o it, like me and others, and at least it is some kind of requirement, look at TOPS they have NO requirements, ohhh wait never mind you have to take 12 credit hours a semester
that is impressive shite right there But really they need to keep all these scholarships, b/c if they don't, people like me will see about 7,000 dollar increase in tuition!!! So we aren't talking about 1000 increase, so its not really chump change.
Posted on 4/13/09 at 6:49 pm to johnfredlsu
Mohammad Noor mentioned on the rant...I've now seen it all.
Batzer is a bigger fish then Noor anyway, and as long as he stays put Noor was expendable.
Batzer is a bigger fish then Noor anyway, and as long as he stays put Noor was expendable.
Posted on 4/13/09 at 6:54 pm to titmouse
well if you believe a titmouse can learn to use the Internet I don't see why anything would surprise you. 
Posted on 4/13/09 at 6:55 pm to titmouse
quote:
Batzer is a bigger fish then Noor anyway, and as long as he stays put Noor was expendable.
One fish? How about a whole school of big fish?
This post was edited on 4/13/09 at 6:56 pm
Posted on 4/13/09 at 6:59 pm to johnfredlsu
quote:
Batzer is a bigger fish then Noor anyway, and as long as he stays put Noor was expendable.
Would have kept him if he was a great football coach
This post was edited on 4/13/09 at 10:35 pm
Posted on 4/13/09 at 7:17 pm to mlttiger
quote:
look at TOPS they have NO requirements, ohhh wait never mind you have to take 12 credit hours a semester that is impressive shite right there
Well they do have to pass the courses. And at least the higher levels of TOPS have GPA requirements to retain at the risk of being defaulted to the lowest level of TOPS.
But I agree it's pathetic. I have always thought they needed to make the retention rules stricter to make people take their schooling a little more seriously. You can even pretty much drop out of your first semester and come back later and still get TOPS.
Posted on 4/13/09 at 8:24 pm to BayAreaTigerFan
I believe the football coaches are fine.
The budget situation is bad thanks to Jindal for cutting higher education. LSU will feel some pain but I dont think it'll be as bad as talked about.
They are working with professors who get 9 months of state salary and 3 months of research salary they obtain from grants to take the 08 budget salary earlier and defer the research dollars (traditionaly taken over the summer) to other time periods.
When June comes around there will be massive spending sprees as always.
The biggest losers in all this is the graduate students and TA's who are on state assistantships. I know many PhD students who have stipends being cut and now are forced to continue being a student with no funding and finding a job or dropping out all together.
The budget situation is bad thanks to Jindal for cutting higher education. LSU will feel some pain but I dont think it'll be as bad as talked about.
They are working with professors who get 9 months of state salary and 3 months of research salary they obtain from grants to take the 08 budget salary earlier and defer the research dollars (traditionaly taken over the summer) to other time periods.
When June comes around there will be massive spending sprees as always.
The biggest losers in all this is the graduate students and TA's who are on state assistantships. I know many PhD students who have stipends being cut and now are forced to continue being a student with no funding and finding a job or dropping out all together.
Posted on 4/13/09 at 8:41 pm to Mudminnow
quote:
LSU will feel some pain but I dont think it'll be as bad as talked about.
I still disagree vehemently. For too long people have expected LSU to cut back when there's just nowhere to cut from. Everything cut is pretty big when the funding is already historically low. (See my post at the top of this page.)
quote:
The biggest losers in all this is the graduate students and TA's who are on state assistantships.
Very true, and then this feeds back into the inability of the university to conduct because of reduced bodies in labs and in decreased rankings because of falling grad numbers.
Posted on 4/13/09 at 9:07 pm to mlttiger
quote:
but really who on here actually cares about the academics of LSU
Are you suggesting LSU academics are low ranked and a degree from LSU is nearly worthless? I hope not, because I have paid a fortune to this school for out of state tuition. I don't know, but aren't we somewhere near the top in petroleum engineering? Geez, I'm a little worried about the weight behind my potential degree here!
Posted on 4/13/09 at 10:35 pm to geaux sec tigers
Nope just suggesting that people don't care about LSU the school, and only care about if the football team brings home championships
But no your degree is fine, and a degree is better than no degree, and this is of course if you stay in the south, i wouldn't try to bring your LSU degree to the North, there it will be considered under par, compared to the schools up there
But no your degree is fine, and a degree is better than no degree, and this is of course if you stay in the south, i wouldn't try to bring your LSU degree to the North, there it will be considered under par, compared to the schools up there
This post was edited on 4/13/09 at 10:38 pm
Posted on 4/13/09 at 11:28 pm to mlttiger
Will my degree be worth a shite back home in Oklahoma?
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