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Louisiana Schools Struggle With Athletic Debt | Alexandria Louisiana News
Louisiana’s public universities are drowning in athletic department debt, with only LSU barely breaking even—while the other ten Division I schools hemorrhage millions, forcing them to raid tuition and housing funds. To survive, schools are eyeing economic development districts that would capture existing sales tax revenue, a move already adopted by LSU and eyed by others. But this isn’t just a local crisis: nearly every Division I program nationwide is losing money, made worse by new rules allowing athlete pay—and students are paying the price through steep fees. The fallout? Layoffs…
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