Monday, March 12, 2018

Sports: how to pay full costs of college



Would love to see a chart like this with the percentages of HS athletes who participate in NCAA athletics on a scholarship. Then let parents see it who are spending a fortune on putting their kids on every league sport they can under the delusion that it will pay their way through college.

I swear I could write a book about it. Our son did receive a scholarship for track and field when he started at Wake Forest in 2006. He was a thrower (discus, shot put, hammer, etc.). It was not until after he was awarded the scholarship that my wife and I learned how incredibly difficult they are to get. In fact, it was not offered at all until (a) he had been accepted to WFU on academic merit, and (b) he finished his senior HS year ranked second in the state in both shot put and discus.

And the first year his amount was 17 percent of Wake's $46,500 cost. He did not receive 100 percent until his senior year, and that was after he had been ranked as one of the top 15 javelin throwers in the NCAA. (Soph and junior years were much higher, but still less than100 percent.)

A coach told me that colleges do not award athletic scholarships for experience, that is, just because a kid showed up for practices and games for 10-12 years before college. If a boy or girl has played that long and is not ranked, then from a college coach's perspective, it means one or all of the following: S/he is not motivated, so no money for them. S/he is not talented, so no money for them. S/he has had bad coaching that the college coach now has to overcome, so no money for them.

Most parents do not know that the NCAA allocates scholarships to schools per sport. So there is a ceiling on how many full scholarships each head coach can award (which explains why they fractionalize them). As the coach told us, the way to get more money is to perform at a high level. It is literally pay for play.

However, academic awards have no such ceiling. Colleges can award as much money for academics as they can raise and get endowed. From parents' perspective, this can be very, very lucrative. I know a certain young lady whose academic awards and scholarships came to 125 percent of her annual costs. Yes, the extra 25 percent was hers to keep. She literally made a profit going to college.

Truly gifted child athletes can have a future in scholarship athletics, but they are a tiny number. For the other kids, athletics should be just for fun and fitness. Parent, spend that "would have spent" money for tutors in math and science.

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