Let's gather a group of four or five college educated people, and ask them what they would do with $60,000. What ideas would they come up with? Buying a house, dividing the money evenly, donating to the poor or financing grad school, are perhaps some of the possibilities that might come out of such a convocation.
Apparently, the IU Student Association executive board didn't pay attention in their respective math classes during their time here at IU. They are planning on wasting $60,000 that would normally go to student organizations, on a Corvette. IUSA only appropriated $10,000 this year for the Grass Roots Initiative Fund, which gives money to politically and religiously affiliated student groups through generated IU credit card revenue. The extra revenue, this $60,000, will pay for the car.