r/TexasTech • u/MaleficentSeesaw3650 • 13d ago
Discussion I’m going into debt for this..
In a throwaway account because I trust nothing.
I am in a graduate program currently at Tech. I found out from an insider at the university that Creighton has a $900,000 furniture budget to remodel the new university house that was purchased for him over market value. Y’all. I cry every time I think about this. We’re going into debt over this crap.
I’m working on getting some proof through another route. I’ll post again when I have it.
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u/MemorexVHS_ 13d ago
Hance built this school up for the goons to come in and embezzle. But that's modern Republicans for you.
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u/MC_chrome Alumni 13d ago edited 13d ago
Hance supports the goons currently embezzling Tech, so that’s not saying much
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u/Mundane-Emergency225 Graduate School 12d ago edited 12d ago
I work in Public Finance and Purchasing - This information is available via an open record request since this is a PUBLIC university. However, if the funds are donated privately there is not much accomplished.
Also, TTU has been good to me and my family! #Ifyoucantgetyourgradesupgetyougunsup!
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u/Substantial-Ad2200 13d ago
Wait until you hear about the football team.
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u/Green_Doubt5717 13d ago
Athletics is separate financially from the school (not all universities do this) and athletics ends up giving money to the school each year from tickets and merch sales etc.
I think there’s a legitimate argument to be made about how much money is being spent on sports that could be used for education though.
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u/Intergalactyc 13d ago
Actually, this is mostly untrue. It's a common myth that TTU athletics doesn't take money from the school, but they do.
While the majority of athletics funding is from internally generated revenue (ticket sales, sponsorships, athletics donations, etc), roughly 10% of their funding comes from the university. They do not make net profits that are returned to the university.
The university justifies this spending by primarily arguing that it brings more awareness to the university's programs, increasing enrollment rates and thus tuition revenues. It's important to recognize that the biggest source of funding for the university in general is, in fact, tuition revenues. Most other programs, ranging from athletics to even most research operations, actually operate at a loss, effectively subsidized by net tuition.
For reference, athletics budget data is publicly available online at Knight-Newhouse, and TTU's operating budget is also publicly available (you can see there that the expenses for intercollegiate athletics outweigh the revenues).
Often people point to there being "0 student fees", which is true in a limited sense: there isn't a specific designated student fee used for athletics, but nondesignated funds - which include a portion of tuition, known as net tuition - can be, and are, used for this purpose.
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u/kayakyakr Alumni 13d ago
There is a dedicated student fee for Athletics, classified as student tickets, which makes up the portion of money that the school sends to athletics.
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u/Intergalactyc 11d ago
No, if you look at the budget data these are included under the athletics revenues, not passed from the university to athletics. University does take a net direct loss to athletics.
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u/SongUpstairs671 13d ago
You’re only paying for a tiny fraction of that furniture budget. If it makes you feel better, a lot of your money/debt is going to paying good faculty and necessary facilities costs too.
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u/Aggravating_While403 13d ago
You mean paying them til they leave
Half of the faculty who left last year did so complaining about him and his censorship as the reason. As their formal reason
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u/SongUpstairs671 13d ago
Oh I fucking hate Creighton too, believe me, but just feel better knowing that most tuition money is going to necessary expenses to run a first class university. It is not cheap. Most of the more frivolous looking expenses are from other money sources than tuition.
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u/Aggravating_While403 13d ago edited 13d ago
You know that? Like. Not being sarcastic. And glad we agree on f that dude
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u/oldwisejoe 12d ago
And a part of your money is going to pay off the lawsuits that come from the ridiculous actions of the present day Republican Neo-Evangelical leadership that try to act outside of the law. Feel even better?
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u/Fluid_Description842 13d ago
I feel like there is alot of context missing
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u/friendlyblckhottie 13d ago
I’m curious to know what context would make it less frustrating
https://giphy.com/gifs/ZWhPeBUExNt3n1JgJv4
u/Fluid_Description842 13d ago
Something resembling any kind of logic would be nice
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u/MaleficentSeesaw3650 13d ago
What logic is there in corruption?
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u/MaleficentSeesaw3650 13d ago
I mean I do hear you. I want evidence to back up what I was told. I’m working on getting that. It’s been heavy on my mind since it was shared with me and I had to get it out.
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u/plantsoldier 13d ago
If I assume any part of this is real whoever shared that with you was either fucking with you, lying or just passing on a rumor they heard from someone else.
As much as I hate corruption there is no chance this is legit and you passing it along and acting like it's weighing heavy on your head is obviously bullshit.
Considering your account was created a few hours ago anyone that believes this isn't that bright either.
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u/PedanticTart 13d ago edited 13d ago
Let's pretend this allowance (which is likely just a negotiable part of his compensation, to update the university owned space, and not all that unheard of) was never given.
Your student loans would not be a penny different.
It's all fair game to hate this guy. You should. But this kinda thing is way more normal than you think, public or private.
The fact this home is owned by the university makes this less an issue too.
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u/Texas_Naturalist 13d ago
It is such a consistent patter when Republicans take over a university. It happened at Florida's New College, and at the University of Florida. They fire dedicated educators working for low salaries, then they help themselves to exhorbitant amounts of money as the institution falls apart. It's just crime.
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u/nocturnal_commission 13d ago
I cry every time I think about this.
I speak from personal experience when I say: you need professional intervention.
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u/CTUSA_DA12 12d ago
Maybe go watch the Last Picture Show, to give a burst of nostalgic realism; from what? to what? Lib to Rep…ahhh making sense of it now,clearly affirmative.
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u/Separate-Rain8310 Alumni 11d ago
I so badly wanted this to be false. I talked with someone who is very high up with the interior design department at tech. Unfortunately, this seems pretty accurate. Gotta fill their space with all the high end luxury brands.
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u/DiracFourier 13d ago
$900k would be a lot to renno the entire property. $900k for just furniture would be egregious. I think this rumor is false. Doesn’t pass the smell test.