Rutgers New President Wants to Cut Sports Subsidies

The new president says he wants to keep providing athletic scholarships, worth about $10 million per year, but eliminate other subsidies for athletics..

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    Athletic scholarships will remain intact, but the new president of Rutgers University is looking to reduce other sports subsidies.

    The new president of Rutgers University says he wants to reduce the school's subsidy for sports programs and raise more money for New Jersey's flagship state university.

    Robert Barchi spoke with reporters Tuesday, the first day of classes at the 60,000-student school. He previously was president of Thomas Jefferson University and served as a top administrator at the University of Pennsylvania.

    About $18 million of Rutgers' $60 million athletic budget now comes from the university. Barchi says he wants to keep providing athletic scholarships, worth about $10 million per year, but says the school should eventually eliminate other subsidies.

    Barchi also says the university must do a better job at raising money, particularly for scholarship funds and endowed faculty chairs.