NEW BRUNSWICK - As classes began today for the 60,000 incoming students at Rutgers University, the school's new president laid out his plans for the state's flagship university.

Robert Barchi announced today that he plans to reduce the school's subsidy for sports and raise more money for the school.

About $18 million of Rutgers' $60 million athletic budget now comes from the university. Barchi says he'll keep providing about $10 million in sports scholarships per year, but that the school will eventually eliminate other subsidies.

Barchi also says the school must do a better job raising money, particularly for scholarship funds and endowed faculty chairs.

Before joining Rutgers, Barchi was the president of Thomas Jefferson University and served as a top administrator at the University of Pennsylvania.

To watch an extended interview with Rutgers President Robert Barchi, click on News 12 Extra on Optimum TV channel 612.