Comments on: Follow the Student Fee Money

By: ruxani

ruxani — Fri, 25 Sep 2009 16:07:22 +0000

ruxani... don cheto marlene character ...

By: Tweets that mention UniversityProbe.org – a critical forum on Research Universities, their finances, their governance, …, their future » Follow the Student Fee Money -- Topsy.com

Mon, 21 Sep 2009 23:41:07 +0000

[...] This post was mentioned on Twitter by Justin Reinhart. Justin Reinhart said: "Student interests…should all be as potent as the State’s." Prescient study from UC Berkeley Prof. Em.: http://bit.ly/9mxzd RT @aleryando [...]

By: Long Hiatus Ended–to protest! « (mass)think!

Long Hiatus Ended–to protest! « (mass)think! — Mon, 21 Sep 2009 19:36:30 +0000

[...] Emeritus in Physics Charles Schwartz at University Probe. Schwartz points out that for the proposed 2009-2010 budget, students’ financial input (2.5 billion) to the UC core operating budget actually matches the [...]

By: UC Students Walkout « UC Undergraduate Coalition

UC Students Walkout « UC Undergraduate Coalition — Sun, 20 Sep 2009 22:27:59 +0000

[...] Execs Still Get Raises as UC Cuts Staffing, Pay (August 2009) Follow the Student Fee Money (September 2009) Persistent Dishonesty from the UC Office of the President (September [...]

By: SA

SA — Fri, 11 Sep 2009 14:23:34 +0000

A clarification – STIP – is returned to the accounts from whence it came. STIP isn’t so great, it can cost you money too.

So let’s say you have $60K private grant, it will earn STIP. The trick is the Unversity will say you have $60K when the grant is awarded. It earns negative STIP at that point since you don’t have the money and the are lending it to you (the check is in the mail). Then once it gets put in, you earn the STIP. Usually, it balances out so you don’t make anything. It is an accounting gimmick more than anything else.

I think startups earn STIP too. Here you might make a few bucks. The University could skim this off, i think legally, but it might cause all kinds of headaches since it is used to balance out accounts that may not actually have the money they are supposed to have in them (e.g., awarded but not actually paid).

Also, the University’s mortgage program (for faculty and higher ups) is lent out of STIP. At least it was originally. Now these loans are consolidated and sold as securities o various remarketers, much like a bank does with its mortgages. the university remains the servicer. They probably make money off of this, but it is not a lot of money to be sure. THe mortgage rate is the average of STIP (so you are paying the University what they would have made off of this money if they invested it rather than lent it to you). Since STIP does poorly it is usually (but not always) cheaper than a mortgage from a bank.
P.S. – Sorry, forgot to tell you great post!