Some colleges say hosting a debate is worth the $5M cost

HEMPSTEAD, N.Y. (AP) — The cost of hosting a presidential debate now tops $5 million — a burden that caused Ohio’s Wright State University to back out of a plan to host the first showdown between Donald Trump and Hillary Clinton.

But the price tag has been no deterrent to Hofstra University on Long Island. After stepping in for Wright State, it is now set to host a presidential debate for the third consecutive election cycle.

Hofstra officials say that the event may be costly, but that it brings prestige and creates a unique educational experience for students.

Another school on this year’s debate schedule is Washington University in St. Louis. It is staging its fourth presidential debate since 1992.

The first debate at Hofstra is set for Sept. 26.