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Now that college athletes can earn money off their name, image and likeness (NIL) after the NCAA adopted new rules in June 2021, they may find a costly surprise from Uncle Sam.
Student-athletes receive scholarship awards that cover tuition, fees, room, board and education-related expenses. For student-athletes who receive NIL, that compensation is in addition to these ...
The results were none too favorable for athletes: The average scholarship shortfall -- the student's out-of-pocket expenses -- for each "full scholarship" athlete was approximately $3,222 per ...
One impact on student athletes would be that their athletic scholarships would be subject to income tax. Additionally, student athletes would have to navigate varying state taxes. Some critics argue that because of these complications, student athlete compensation wouldn't be beneficial overall. [17]
At Georgia State, athletic fees totaled $17.6 million in 2014, from a student population in which nearly 60 percent qualify for Pell Grants, the federal aid program for low-income students. The university contributed another $3 million in direct support to its sports programs.
College sports yield indelible moments that unite campuses and provide a path to a quality higher education for thousands of students who might otherwise not be able to afford it. Many of the people we interviewed, including legendary coach Bill Curry, have devoted their careers to college athletics — but worry that too many schools are ...
The case dealt with the NCAA's restrictions on providing college athletes with non-cash compensation for academic-related purposes, such as computers and internships, which the NCAA maintained was to prevent the appearance that the student athletes were being paid to play or treated as professional athletes.
A sliding-scale combination of grades in high school core courses and standardized-test scores. For example, if a student-athlete earns a 3.0 grade-point average in core courses, that individual must score at least 620 on the SAT or a sumscore of 52 on the ACT. As the GPA increases, the required test score decreases, and vice versa.