Economy- Impact on Athletic Scholarships

There was an article in yesterday's paper that said private colleges are concerned about dropping enrollment in the future due to high tuition costs and corresponding lower student loan availability. You would think that high-priced D1's and all D3's (which don't offer athletic money) may have a more difficult time with recruiting in the future unless they can identify solid baseball prospects who can get academic money on top of athletic aid. Baylor is one of the most expensive D1 schools in the state, but they snagged most of their '09 signees before the current economic meltdown. They may not be as fortunate with their recruiting next year.

Baylor is also very bad with finacial aid, as are most state schools. If you need money, its often better to go to schools with good financial aid records such as Rice, the ivies, duke, etc. Even though they may cost more on paper, the give so much aid that they often end up being cheaper than state public schools

This terrible economy will have its effect on colleges. They are a business just like any other business. Here in Canada we haven't felt it as bad as in the US. Mainly we have felt it in the stock market. One of my clients lost 2 hundred thousand last Monday on top of what he had already lost. He is a working guy who has invested heavily in the stocks. He just walked away from a deal we were working on that had a sustantial commission for me.
I personally saw this comming almost 2 years ago but not to this exetnt. I liquidated every thing and have on;y sceured bank accounts. Sold the house, got rid of the 2nd car and am in a wait and see mode. We don't buy anything which isn't necessary We still live very well and are not worried about the economy too much.
The problem is that if everyone cuts back that is even worse for the economy. One of the basic pricipals of economics is that what is good for the individuals is not necessarily good for the whole. The retraction of spending by people will result in a downward spiral for the economy.
I exspect to see colleges really struggle. benefactors may not contribute like they have in the past, fund raisers will fall flat and other sources of revenue will trickle down.
I also exspect to see travel teams merge and many fall by the wayside. There may even be a shortage of talent that is available to thye next level. Showcases will also feel it.
Our economy generally fallows the US months later and doesn't dip quite as far.
The other thing that will hurt the econy is a push to buy local which results in a retraction of trade and an increase in prices for food etc.
I can't see how college BB won't be affected depending on how long this goes on. The media is doing a great job fueling the recession.

Terrible economy?

You guys watch too much T.V.

Economy is booming in Valley View ain't it Ken!

quote:

Originally posted by Danny Boydston:
Economy is booming in Valley View ain't it Ken!

Yep.

Corn is at a decade high per bushel.

Mountain Springs general store is adding cheese to the 7 Mile Burger at no cost.

Feed store recently hired a leather man to repair saddles and even made me a phone holder.

Even got a new gas station in town with lower prices than down city way.

Valley View, where people still wave, smile, and give you the finger when you pass by.

Typically when the economy sours, you see in-state applications spike at state U's. People are less and less able to pay out-of-state or private tuitions. The result is that it becomes harder to get in to the state U's because of increased competition.

What this leads me to think is, in-state programs will see a spike in players interested in their programs, since baseball scholarships are typically partial and net cost will increasingly be a factor for families' decisions. That means the coaches will have more prospects from which to choose, and in turn, greater negotiating power with individual players. The 11.7 will go a lot further in the next few years for public U's.

quote:

Originally posted by Ken Guthrie:
Valley View, where people still wave, smile, and give you the finger when you pass by.

It's never a bad thing being No. 1 and having the townies acknowledge it as you walk by.

Tell Sam Drucker I said hi. I miss the good folks in Hooterville.

Just released on the AP wires:

"NEW YORK (AP) -- Stocks plunged in the final hour of trading Thursday, sending the Dow Jones industrial average down more than 675 points, or more than 7 percent, to its lowest level in five years after a major credit ratings agency said it was considering cutting its rating on General Motors Corp. The Standard & Poor's 500 index also fell more than 7 percent. The declines came on the anniversary of the closing highs of the Dow and the S&P. The Dow has lost 5,585 points, or 39 percent, since closing at 14,198 a year ago. The S&P 500, meanwhile, is off 655 points, or 42 percent, since recording its high of 1,565.15."

Regardless of the effect on retirement monies, this free-fall in the stock market most likely will have a huge negative impact on life as we know it in the United States for the forseeable future. Let's hope that colleges don't decide to start cutting out costly athletic programs as they begin to experience a decline in giving by alumni and other benefactors.

Even if private schools are more open to giving financial aid based on academics, etc...
Wouldn't it still cost less to attend a state run school? (Tech, A&M, UH, UTEP, UT, etc..)
If TCU is charging you $24-$27k per year and you get $7k year of financial aid from them, but it cost you $15k per year to go to school at UH you're still ahead at the public school.

This ecomony has cost me a lot of money but I was prepared for it. Liquidated everything months ago and put in secured accounts. No debt except a small credit card. I pity the guys who have son's just starting the elite ball. Gas has fallen but so has the CDN dollar. I just booked a flight with a 16cent exchange. Everyone is tightening up here and that has a spiraling effect on the economy.

quote:

If TCU is charging you $24-$27k per year and you get $7k year of financial aid from them, but it cost you $15k per year to go to school at UH you're still ahead at the public school.

Believe it or not, TCU costs a whopping $37,380 when you factor in books, housing, and dining.

http://www.admissions.tcu.edu/cost.asp

A 25% scholly would cover only $9,345 of the costs, leaving a $28,000+ annual bill for the parents.