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Message: [QUOTE="UConnJim, post: 3959267, member: 1559"] I don't want to go too far down the rabbit hole, but I have spent many hours studying the UConn athletic department's financial statements as that is what I do for a living and I am interested in the subject. Net cost (or price) is defined as the cash that the person pays to attend the college. It does not take into account how you fund it, i.e. loans. So yes, the price that the average UConn in state student pays is ~$26.8k/year excluding student loans. That includes tuition, room and board, fees... Here is the definition from the US Department of Education: [HEADING=2]What does Net Price mean?[/HEADING] Net Price is the amount that a student pays to attend an institution in a single academic year AFTER subtracting scholarships and grants the student receives. Scholarships and grants are forms of financial aid that a student does not have to pay back. Here is a more clear definition: Net price is the college's annual cost of attendance minus the grants, scholarships, tuition waivers and other gift aid a student receives for one year of college. This does not factor in loans. It includes only the forms of financial aid that a student does not have to repay or earn through work. On the UConn Husky Athletic Fund website, they have a pie chart with a track athlete identifying the "Cost of a Champion". 58% of the cost is out-of state tuition/room and board/fees... which is listed at full price. I have always wondered about the full price treatment of athletic scholarships at UConn as this distorts the athletic department loss. A few months ago, UConn said they are going to modify the accounting for scholarships, which I think is appropriate and it will reduce the accounting loss to some degree. Now, for the accounting. Yes, you could say that the cost of educating a student costs more than in-state tuition. At almost every school, tuition does not cover the cost of educating a student. At Harvard, tuition and fees cover less than 20% of expenses. My point was if you trade 200 out-of-state athletes at full cost for 200 in-state students at the net price, the paper accounting savings are big. As for the $18 million number, that is correct, but your math on scholarship expense per athlete is off because most athletic scholarships at UConn are partial scholarships. [/QUOTE]

Verification: First name of men's bb coach