UM: Football

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In the context of five new colleges being added to the Football Bowl Subdivision this season, the Associated Press looks at the influence and impact that football programs can have on higher education. The article quotes former University of Michigan president Jim Duderstadt, who likened major college football programs to risky, little-understood credit-default swaps. ”Do you really want to put not only your institutions but yourself at risk for something that you’ll have so little control over, that you really will not understand?” [Source]