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If you begin a brand new game after downloading the Hotfix, I think something's not working properly with the college staff budgets.
It looks like teams now start off with more staff members, and more expensive staff members, than before the Hotfix. But their budget amounts don't seem to have increased appropriately, so every team looks to be operating at a fairly large deficit.
For example, right now in a brand new game I just started, Cornell shows a budget of $750,000 and a payroll of $1,376,000, for money remaining of -$626,000, while Michigan shows a budget of $1,250,000 and a payroll of $1,747,000, for money remaining of -$497,000.
Thanks Jeff and the rest of the team for all your hard work on this, really enjoying the new version!
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