My students are researching and reading editorial articles from the New York Times, Wall Street Journal, and Washington Post and writing an editorial after researching a topic of interest to them.
One in particular picked the issue of paying college athletes and he came up with a solution I haven't heard before (but seems pretty common sense so it most likely is already out there)
Part 1: Create a regulated equal stipend
He said that the NCAA should create a monthly stipend equivalent to the revenue generated by that sport (i.e. Football and basketball players have a higher monthly stipend than Water Polo or Tennis)--side note I disagreed with the logistics of this but let him continue.
Part 2: Receive monthly check
Athletes receive a monthly check (for argument sake lets say $2,000). However a condition being it is used for educational purposes (i.e. if must be used in conjunction with Part 3)
Part 3: Teach financial literacy
This was the part I thought was most interesting. Students should then have a mandated financial literacy class where they use that money to invest in stocks, open savings account, and create budget plans to see how to create future wealth and how long a set value would last (how long can you really live off a 3 million dollar signing bonus if you dont get another contract).
Overall an interesting concept...
He did some solid research and they haven't submitted their annotated bibliographies yet so I haven't seen his direct sources but if interested he did find some pretty interesting data on the topic, most of which I am sure you agree with
One in particular picked the issue of paying college athletes and he came up with a solution I haven't heard before (but seems pretty common sense so it most likely is already out there)
Part 1: Create a regulated equal stipend
He said that the NCAA should create a monthly stipend equivalent to the revenue generated by that sport (i.e. Football and basketball players have a higher monthly stipend than Water Polo or Tennis)--side note I disagreed with the logistics of this but let him continue.
Part 2: Receive monthly check
Athletes receive a monthly check (for argument sake lets say $2,000). However a condition being it is used for educational purposes (i.e. if must be used in conjunction with Part 3)
Part 3: Teach financial literacy
This was the part I thought was most interesting. Students should then have a mandated financial literacy class where they use that money to invest in stocks, open savings account, and create budget plans to see how to create future wealth and how long a set value would last (how long can you really live off a 3 million dollar signing bonus if you dont get another contract).
Overall an interesting concept...
He did some solid research and they haven't submitted their annotated bibliographies yet so I haven't seen his direct sources but if interested he did find some pretty interesting data on the topic, most of which I am sure you agree with
