Keren G. Raz, in her April 7th in-depth article, "Campus construction, tuition pays off debts," did an admirable job covering the complex subject of how the university funds its acquisition of capital facilities. However, some additional clarification might well be helpful to your readers.
Late in the article, it is noted that our current annual total debt service is $52 million, or about 4 percent of our $1.2 billion annual operating budget ÷ that is well under our legal debt limit of 8 percent. Tuition certainly provides an important source of funds to retire debt; however, it is clearly not the only source. While tuition contributes $20.6 million, the self-supporting Auxiliaries carry $21.7 million, Indirect Cost Recovery from our research enterprise pays $8.2 million, the Technology Research Initiative Fund gives $1.0 million and Investment Income and Administrative Service Charge pick up the remaining $.5 million.
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