RUNAWAY ATHLETICS SPENDING THREATENS THE FINANCIAL HEALTH OF AMERICA'S COLLEGES, CANTWELL SNAPSHOT REPORT SHOWS

WASHINGTON, Sept. 15 -- Sen. Maria Cantwell issued the following press release:

WASHINGTON, D.C. - Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Finance Committee, released a new snapshot report on how runaway athletics spending is harming the financial health and broader missions of U.S. colleges and universities - and hitting students with record-high fees.

"This report demonstrates how the unsustainable growth in spending on college sports is amplifying the broader financial pressures on colleges and universities," said Sen. Cantwell. "We're seeing universities transfer general fund money to cover athletic department deficits, dip into...