By Adam Clark, NJ Advance Media for NJ.com
NEWARK — New Jersey Institute of Technology’s basketball team isn’t nationally ranked. But the school is number one among America’s public colleges when it comes to pouring money into athletic programs with scant financial return, according to a new report.
The Newark-based public college funded 90 percent of its athletic program through student fees and other institutional support in 2014, the highest percentage of 201 public universities’ athletics departments studied by The Chronicle of Higher Education.
The report focused on colleges with the highest percentage of their athletic department budgets paid out of pocket.
Rutgers University has the distinction of spending the most overall dollars, $172 million, to subsidize sports in the past five years.
Of NJIT’s $13.1 million budget for athletics, $11.9 million was subsidized from the college’s coffers, according to the report.
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