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From the Desk of Eric Hyman

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Dear Gamecock Fans:
Governor Mark Sanford is hosting a "Higher Education Summit" for leaders in higher education, government and business, as well as for parents and students on September 28 in Columbia. In the last two weeks he has released two of what are expected to be several "Myths of Higher Education" in which he addresses "misconceptions about higher education, student body composition and college affordability."

As the summit approaches, we want to offer you the facts about the USC Athletics Department's finances and the part they play in the university. We do not want there to be any misconceptions about the connection between tuition and athletics construction projects.

The USC Athletics Department is a self-sufficient entity financially, drawing no support from the State of South Carolina. The USC Athletics Department raises all of its money for operational costs, salaries and construction projects and actually gives money to support the university. We do not use state money to underwrite our construction projects. There is no correlation between the construction projects in Gamecock Athletics and raising tuition.

I emphasize this because it has been suggested in the reports about these talks the governor is giving that there is a correlation between athletics costs and tuition costs. It has been suggested that a moratorium might be placed on new construction projects which could have a tremendously negative impact on University of South Carolina Athletics as we are trying to become a nationally prominent program.

USC Athletics does not begin a construction project until they know they can pay for it through money they raise. The current economic conditions have so lowered the cost of construction and borrowing that it is wise to build needed buildings now, if there is a revenue stream to support it

I encourage you to visit our website for more facts about capital investment and funding.
Go Gamecocks!

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