This is Pitt so of course some things don't always follow logic, but the 'PSU' guy Ramicone has a very credible multi decade Pitt record especially dealing with the endowment. The newer 'Pitt' guy from philly has some sketchy baggage.
PG article on Pitt's exploration of reverting to private status
- Thread starter CrazyPaco
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Interesting. P-R sent more kids to Pitt last year than to psu.. First time, ever, I think. Several kids from our 'hood are topnotch, with difficult majors, and apparently doing well and loving it.. The out-of-state recruiting might be for $$ purposes, though they've been touting it a bit a a diversification.
I think a big factor in more out of state students has to do with Pitt having made the transition from a first generation commuter school. With an enhanced academic reputation, Pitt now has the ability to recruit more students from families that can afford to pay the higher tuition.
We don't really give much in the way of need based aid.
You are right it has tracked somewhat with the state's support, and that is really out of necessity.
Pitt considers the base out-of-state tuition the starting point. In-state students are already getting a discount from residency status, so the financial package for in-state students is already over $10K off the bat. An equivalent out-of state student might get a package of $15K, while the in-state student gets $5K. It seems disparate for two otherwise equal students, but really it is about the same from Pitt's financial point of view. Remember, the state appropriations fall short of covering the in-state tuition discount. And out-of-state applicants are probably more likely to attend at that cost because if they're applying, they're likely already considering their ability to cover out-of-state costs (unless they're gunning for a full ride).
Pitt's also expanded their recruitment geography because the demographics for PA college students have been trending down for a while now. They other reasons mentioned are also true. They want to tout geographic diversity and also attract students willing to pay full freight. Public schools all over the nation are doing the same thing for the latter two reasons. No doubt it is easier to get help if you are a top student from Oregon than if you are from Ohio or Maryland, or from PA. That said, 65% of incoming freshman are still from Pennsylvania.
Playing devil's advocate, why doesn't Pitt just budget purely by their own revenue and use state funding for purely discretionary purposes? The only reason not to do this is so they can feign outrage and put pressure on the state, as they do every year.
They shouldn't need to do that, clearly, but if it is as dire as you purport, then it would be silly to continue structuring it as they do.
$145 million in discretionary funding? That's not going to work. They have to try and plan things years in advance. Salaries, equipment, construction, renovations, strategic investments in specific areas of the university. Plus they have to set endowment disbursement levels.
But it is just not the difficulty in budgeting that this causes. That's an annoyance that can be worked around...well it has to be dealt with and has been. The real issue is the continued diminishing amount of total annual funding. Imagine it working as an inverse of the endowment in that it is continually shrinking. The missing money has to be made up somewhere if you want to keep operations status quo, and the only way to realistically make it up, is to get it from tuition or fundraising.
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one of which wanted to wear PSU garb and/or sit with the nitters this last game but was rebuffed by the chancellor. But yeah, it's fine to have nitters on the senior leadership team, why would that be an issue
one of which wanted to wear PSU garb and/or sit with the nitters this last game but was rebuffed by the chancellor. But yeah, it's fine to have nitters on the senior leadership team, why would that be an issue
Do you also think all faculty members should be Putt grads too?
That makes too much sense. You must actually run a business. What's wrong with you.
What is clueless? Jamie Dixon was one of the highest paid coaches in the ACC his last year with Pitt. Pat Narduzzi made 1.83 million dollars in 2016 and received a nice bump this past year. We are trying., Hail2Pitt!!!
Spend it on senseless stuff.
PA is going to be broke forever. Old population that neither spends (sales tax), earns (income tax) nor generates revenue.
Get out now.
