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Becker has had some modest success at fundraising: Two years before he started, the athletic department was raising just $100,000 a year in private donations. Last year, it brought in more than $1.5 million. But less than $70,000 was earmarked for football. And the team still spends $4.2 million more than it brings in.
Public university students paid an average of almost $8,400 annually for in-state tuition, with out-of-state students paying more than $19,000. For two decades ending in 2012, college costs rose 1.6% more than inflation each year. Government funding per student fell by 27% between 2007 and 2012.
Low-income families now must pay more to attend college, making it harder for them to attain higher education. In 1980, low-income families used 13% of their income to pay for one year of college. In 2000, this proportion grew to 25 percent of their income, while high-income families used less than 5% of their income. [16]
Public universities increased their fees by 27% over the five years ending in 2012, or 20% adjusted for inflation. Public university students paid an average of almost $8,400 annually for in-state tuition, while out-of-state students paid more than $19,000. For the two decades ending in 2013, college costs rose 1.6% more than inflation each year.
The Virginia school even hosted ESPN’s flagship college football broadcast, GameDay, for an earlier contest. But those wins haven’t come cheap. More than half of the $30 million that James Madison spent on football from 2010 to 2014 came from student fees, according to annual filings with the NCAA.
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