Student Loan Debt?

[jyoutz]

View attachment 847880

Didn’t used to be that process. But it’s been over 10 years since we did this.

 

[Torvy]

Few D-1 football teams are profitable. Fewer than you would think.

While it is true that only about 25 programs show a profit on paper, that is for all of their NCAA sports. You also have to remember that a lot of it is accounting games as the school's are "non-profit". It also doesn't include the increased tuition revenue as successful programs attract more students. There is also a lot of hidden revenue. If Georgia, for example, sells shirts that just say "Georgia" without reference to the athletic teams, it is not considered sports revenue. But we can all figure out how many more shirts are sold because they have a good FB team.

NCAA Finances: Revenue & Expenses by School - USA TODAY

Which are the most profitable college athletic programs in the country? See a ranked listed, including total revenue and expenses. Brought to you by USA TODAY.

sports.usatoday.com

Lots of articles out there showing how football pays for all of the other sports. Few examples where other sports bring in more revenue.

 

[paulsharvey]

My 17 y/o son is looking at the loan stuff now. He is expecting to get 100% tuition paid from a state scholarship; BUT tuition is a relatively small portion of the expense of college. Wife had to talk to him and ask, exactly what are you planning? We are willing to keep you on the car insurance and cell phone plan, maybe help Some with books and all, but this is gonna be one you. He is wanting to go into nursing (BSN) and eventually to nurse anesthesiologist. Our advice was pretty simple; do community College to RN, then, self fund the rest; but he's hard headed and wants to go to a 4 year school. Wife and I don't feel an obligation (and don't really have the ability) to just pay for 'want to go to college'; and it's not our debt, so, you can advice all you want, but he's the one taking on the debt.

Wife still has a pretty decent bit of student loans she owes on, even though she got a Pell grant for tuition, but she went as an adult, and we used the loans to pay for day care, mortgage, ect, while she was in nursing school.

 

[Hay Dude]

Both my kids were on D-1 teams and their teams lost a prolific amount of money. This was not big time football or basketball.
The coaches both made well over 100K and got full state benefits for themselves and their families. I bet that’s worth 250K. Then there’s assistant coaches. Then there’s travel expenses, uniforms, helmets, cleats, etc. etc.
My guess is each program cost their respective universities about 1 million each.
When you attended the games, it was big attendance if 200 people came. I mean we would play Johns Hopkins at lacrosse and maybe 250 people watched, mostly students, who attend for free. My daughters field hockey team would play Ohio State and there was 35-50 people there lol.

Now put 20 of those money losing teams on each college campus in the USA, and you get the idea how much the football team has to make in ticket & TV revs to pay for all that.

 

[paulsharvey]

About the sports scholarships; Your not wrong But; one part your missing is the value of advertising a school gets. Let's take University of Maimi for instance; you have a very Small, private school, that frankly isn't rated highly; that the entire country has heard of, for 1 reason only, football. Notre Dame, same story; if it wasn't for football, it would be just some weird catholic college in the middle of nowhere. Saw a story, talking about 5he financial impact of Nick Saban, being something like $800M for Bama; the out of state enrollment has like tripled during his career.

 

[Hay Dude]

About the sports scholarships; Your not wrong But; one part your missing is the value of advertising a school gets. Let's take University of Maimi for instance; you have a very Small, private school, that frankly isn't rated highly; that the entire country has heard of, for 1 reason only, football. Notre Dame, same story; if it wasn't for football, it would be just some weird catholic college in the middle of nowhere. Saw a story, talking about 5he financial impact of Nick Saban, being something like $800M for Bama; the out of state enrollment has like tripled during his career.

No.
Notre Dame also has excellent mens basketball, mens lacrosse and other sports.
They compete at the highest level with the best in the country at almost everything, not just football.

Maybe what you should have said is “if it wasnt for sports, it would be just some weird catholic college in the middle of nowhere”.

Also, why is it “weird” to be a Catholic college?

 

[WM75Guy]

My 17 y/o son is looking at the loan stuff now. He is expecting to get 100% tuition paid from a state scholarship; BUT tuition is a relatively small portion of the expense of college. Wife had to talk to him and ask, exactly what are you planning? We are willing to keep you on the car insurance and cell phone plan, maybe help Some with books and all, but this is gonna be one you. He is wanting to go into nursing (BSN) and eventually to nurse anesthesiologist. Our advice was pretty simple; do community College to RN, then, self fund the rest; but he's hard headed and wants to go to a 4 year school. Wife and I don't feel an obligation (and don't really have the ability) to just pay for 'want to go to college'; and it's not our debt, so, you can advice all you want, but he's the one taking on the debt.

Wife still has a pretty decent bit of student loans she owes on, even though she got a Pell grant for tuition, but she went as an adult, and we used the loans to pay for day care, mortgage, ect, while she was in nursing school.

I did my RN to BSN program in18 months through Western Governors University (WGU Texas). It was a totally online program. It cost me around $12,000.

CRNA school requires a BSN and a minimum of 1 year of critical care experience, more is better. Once he has the RN license by the community college route and becomes employed, most large health care organizations will have a tuition reimbursement program to pay for an RN to BSN program. He can do it in 2 years or less, so in 4 years he still has his BSN, 2 years of RN experience, and a lot less debt. The health care organization I worked for had a program with Walden University that capped tuition at $5,000 a year for the 2-year RN to BSN program. That was the maximum tuition reimbursement available from the employer, so the RN to BSN program was free to the employee.

 

[ljjhouser]

There are a lot of reasons to pay school tuition. ONE of them is to qualify for a job with a higher income. I am a retired teacher and that is the only way i got raises. And that has nothing to do with who is smarter. The purpose of the student loan was to permit students to get education they wanted, then pay them back when they worked (at increased income). Seems like today, many don't want to work and repay their loans.

Of course, the most education DOES NOT always mean the higher pay. MANY people in the trades industry (who are also very educated), made significantly more than a teacher --- and deserve it.

 

[Torvy]

No.
Notre Dame also has excellent mens basketball, mens lacrosse and other sports.
They compete at the highest level with the best in the country at almost everything, not just football.

Maybe what you should have said is “if it wasnt for sports, it would be just some weird catholic college in the middle of nowhere”.

Also, why is it “weird” to be a Catholic college?

One of my younger son's middle-school opponents plays DL for Notre Dame.
Notre Dame is Catholic on the surface. It was Catholic once upon a time.

The real Catholic colleges are not that well known. Ave Maria, St. Mary's, Franciscan of Steubenville and even UDallas are much more Catholic.

 

[Hay Dude]

I got no problem at all with student loans.

I DO have a problem with the government being involved and doing their usual screwing of their citizens by picking winners & losers.