October 8th, 2015 | by CollegeAD

VMI does not plan to fund the full cost of attendance for its basketball team next year, unlike some of its Southern Conference peers. “It became apparent to us relatively early that this was not necessarily a good match with the mission and vision of VMI,” Athletic Director Dave Diles said. VMI’s official statement about the school’s decision notes that VMI’s athletic program “is not a profit center.” Diles said in an interview that his department, which has an $11.5 million budget (including $4 million for scholarships), broke even during the 2014-15 fiscal year. VMI, which has 1,559 students, has one of the smallest enrollments in Division I. That doesn’t give the school a big pot of student fees to help fund the athletic budget, nor does it lead to a large alumni base to hit up for donations. – The Roanoke Times, Read More

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