1 Can someone explain to me the concept of a public university?

So public universities are set up by the government/state and all profits that a public university makes are given to the government/state? Or do public universities not make a profit? If they do not make a profit, do the salaries of the professors come from the tax payers? Or does the tuition fully cover the salaries of the employees at a university (so tuition is just high enough to pay for 100% of school expenses (building expenses, employee expenses, etc.)). Who decides the salaries of the employees at a public college? Is it decided by the state or just by supply and demand economics - with tuition being adjusted accordingly to pay for the salaries? Which brings me to the question: if this is the way it works (where the college expenses are just divided amongst the students), then obviously the university must come up with an estimate for the yearly expenditures far in advance (because obviously tuition is billed at the beginning of the year). If the university ends up overbilling (and is in fact non-profit), where does the extra money go? Thanks.

Submitted December 13, 2017 at 04:06AM by Virus4762 http://ift.tt/2z6OknN