This is the problem and I need to know how to handle it. The student/athlete will receive around $3000.00 from the state lottery and another $6000.00 from a medical foundation (player has a genetic disease and has to take medication). The player is being recruited to attend a school that cost around $30,000.00 per year and the family want's to know if they should tell the coach about the $6000.00 scholarship from the medical foundation? The total amount of dollars being offered to the player is $10,500.00 per year to play baseball. Combined with the baseball, lottery, and foundation the total dollar amount is 19,500.00 and the parents will still be responsible for over 10 grand per year. The family fears that if they don't tell the coach there may be problems down the road but if they do tell him, he will reduce the amount of baseball money offered. How should the family handle this situation?
Original Post