Study finds college sports don't fully cover costs

Tim Goral's picture
Wednesday, September 11, 2013

Major bowl games, Final Four basketball appearances and marquee games played in huge stadiums with millions more watching on TV don't guarantee that even top-shelf college athletics organizations can cover all their costs, resulting in mandatory annual student activity fees covering the shortfalls, according to a new Virginia legislative study.

On average, 12 percent of the total student tuition and fee payments was allocated to intercollegiate athletics in the school year that ended a few months ago, according to a report presented Monday by the Joint Legislative Audit and Review Commission, the General Assembly's watchdog agency. Those fees ranged from less than $300 per year to more than $2,000.

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