"Rich families should not accept scholarships"

I can't believe people actually think this! Makes me so mad. What kind of lesson are we teaching people... Most rich people are there because they worked hard for it, why should their children not be able to accept scholarships just like anyone else. Stupid...

Is this a racial issue? Or just people that don't like hip-hop? Plenty of rich white families whose children have received scholarships and not a peep about it...

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Scholarships should be need based. There is no shortage of equally prestigious awards that rich kids can accept which don't come with an opportunity to fund a poor person's education being wasted. In fact, some of the most prestigious awards do not have any monetary value.

That said, the definition of rich is open for debate.

-MBP
 
manbearpig:
Scholarships should be need based. There is no shortage of equally prestigious awards that rich kids can accept which don't come with an opportunity to fund a poor person's education being wasted. In fact, some of the most prestigious awards do not have any monetary value.
I think this is really more in line with reality, OP's question is really missing the mark. What person awards a monetary scholarship designed to help someone who needs it to the son of a millionaire? Also, what person accepts this when they obviously have no need for it whatsoever.

We have (1) extremely poor judgement and (2) extremely poor taste in full public display, and the poor are the ones who are left out.

Get busy living
 

I have mixed opinions on this, should scholarships be merit based or financial need? Or is it a mix of both? Obviously if the scholarshop is based on financial needs then P.diddy son should not be awarded a scholarship. But if its merit based then he did deserve it by maintaining a great GPA and being a good football player. Now even if the scholarship is based on merit and financial need then no he doesn't deserve it solely on financial need bases.

Now I am sure P.diddy son has tons of offers from different schools to come play football. UCLA is trying sweeten the deal by offering him a full scholarship because lets be honest colleges are running like corporations so he would join there team and in the future if he becomes a NFL player donate money.

I believe scholarships should be based on financial need not merit alone. Someone like P.diddy doesn't need a full ride giving him maybe half a scholarship or maybe 5K or w.e isn't bad, but a full-ride I can see why people are upset. Since their are kids who will not be able to afford UCLA and while Combs can pay for UCLA in full a nice care a prob buy his son a house in L.A..

 
TheKid1:
http://www.forbes.com/sites/stevensalzberg/2012/04/22/university-of-flo…

University of Florida shuts down computer science department but increases athletic budget.

Isn't a college first foremost a place to get educated and shouldn't money be used to better support classes and not athletic departments.

We talked about this when this article was first posted - the UF athletic department is self-financed and in fact helps support some of the struggling programs at the university. The writer went for a sensationalist headline to attract views.

Also, I can't believe that people on here believe that every rich person fully pays for their children's education.

MM IB -> Corporate Development -> Strategic Finance
 
Best Response

When I got into grad school, I opted not to apply for one of the (limited) fellowships. I figured that it would not be appropriate given my savings against that of the typical recent undergrad who needed it a whole lot more.

That said:

-College is expensive. -Not every 18-year-old gets his parents' EFC. -God loves the poor, but he doesn't hate rich people.

But seriously, the whining on WSO about liberalism and disdain for the rich needs to end. Watching wealthy bankers or wannabe bankers complain about poor people not supporting rich people is like watching a bunch of 10 year olds in bow ties arguing that drinking is bad and should be outlawed.

It's a fact of life, guys, that not everyone wants to give money to rich people. Get over it, and learn to be satisfied with what you have and the situation as it is. It's a lot better to be moderately rich and have some people dislike giving you money than it is to be living paycheck to paycheck. People will say things that might piss you off, and you have to learn to channel the stoic philosophers, take things in stride, and just say "I disagree" with a smile on your face when they do.

 
IlliniProgrammer:
When I got into grad school, I opted not to apply for one of the (limited) fellowships. I figured that it would not be appropriate given my savings against that of the typical recent undergrad who needed it a whole lot more.

That said:

-College is expensive. -Not every 18-year-old gets his parents' EFC. -God loves the poor, but he doesn't hate rich people.

But seriously, the whining on WSO about liberalism and disdain for the rich needs to end. .

This is pure B.S we have a mix group of people on WSO, someone people say he deserves it and some don't, and now people are entitled to their opinion. But you don't have to be a crazy capitalist to do be business, you can have share ideas with Carl Marx and still want to make money.

Now the whole idea of whats write and wrong is a matter or opinion. But soley based on financial need he doesn't deserve it. MERTIT wise yes. Scholarships should be based on need not merit or maybe a mix of both where merit helps you get the scholarship and need depends on how much you need. Based on Merit he earned the scholarship but on financial need base he shouldn't be awarded a full-ride, maybe half or something like 5K OR 10K.

It is absurd that certain coaches in D1 schools get paid 7 figures. That money could be used to better things such as scholarships for the needy, cut tuition .

 
TheKid1:
But soley based on financial need he doesn't deserve it.
Given that this is an implicit criterion to why scholarships are awarded in the first place, this puts him in the same category of scum as the guy who wins the lottery and picks up his welfare check in a limo. Why is a person who doesn't need it applying for an aid program? If they were looking to prove themselves, why not enter another contest?

This is a perfect demonstration of the concept "poverty of the mind".

Get busy living
 
TheKid1:
This is pure B.S we have a mix group of people on WSO, someone people say he deserves it and some don't, and now people are entitled to their opinion.
My response was not to the disagreement, but to the anger:
I can't believe people actually think this! Makes me so mad. What kind of lesson are we teaching people...

Folks, it's ok to disagree. Just don't let it get to you. Ron Paul doesn't. Dennis Kucinich doesn't. Voice your disagreement with a smile.

 
IlliniProgrammer:
When I got into grad school, I opted not to apply for one of the (limited) fellowships. I figured that it would not be appropriate given my savings against that of the typical recent undergrad who needed it a whole lot more.

That said:

-College is expensive. -Not every 18-year-old gets his parents' EFC. -God loves the poor, but he doesn't hate rich people.

But seriously, the whining on WSO about liberalism and disdain for the rich needs to end. Watching wealthy bankers or wannabe bankers complain about poor people not supporting rich people is like watching a bunch of 10 year olds in bow ties arguing that drinking is bad and should be outlawed.

It's a fact of life, guys, that not everyone wants to give money to rich people. Get over it, and learn to be satisfied with what you have and the situation as it is. It's a lot better to be moderately rich and have some people dislike giving you money than it is to be living paycheck to paycheck. People will say things that might piss you off, and you have to learn to channel the stoic philosophers, take things in stride, and just say "I disagree" with a smile on your face when they do.

Commendable on the fellowship decision.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

This is BS. My dad makes enough money per year to be included in "the 1%," and I was lucky enough to be awarded a full merit-based scholarship to a top 25 private undergrad program. I did this by working harder than all of my friends in high school and by killing my interviews with the faculty and staff. I could not be prouder of the fact that I saved my dad somewhere in the area of $180,000 over four years of tuition, and if anyone told me that I should give that money to someone else who they felt deserved it because they need the money, I would tell them to shove it. That person who "deserves it more" should have worked harder to take that scholarship away from me. Failing that, they should have worked hard enough to get into a school like Harvard, which takes care of any financial-based need that students may encounter.

 
Beachbum89:
This is BS. My dad makes enough money per year to be included in "the 1%," and I was lucky enough to be awarded a full merit-based scholarship to a top 25 private undergrad program. I did this by working harder than all of my friends in high school and by killing my interviews with the faculty and staff. I could not be prouder of the fact that I saved my dad somewhere in the area of $180,000 over four years of tuition, and if anyone told me that I should give that money to someone else who they felt deserved it because they need the money, I would tell them to shove it. That person who "deserves it more" should have worked harder to take that scholarship away from me. Failing that, they should have worked hard enough to get into a school like Harvard, which takes care of any financial-based need that students may encounter.
You're within your legally "entitled" rights, but this is very poor form.
Get busy living
 
Beachbum89:
This is BS. My dad makes enough money per year to be included in "the 1%," and I was lucky enough to be awarded a full merit-based scholarship to a top 25 private undergrad program. I did this by working harder than all of my friends in high school and by killing my interviews with the faculty and staff. I could not be prouder of the fact that I saved my dad somewhere in the area of $180,000 over four years of tuition, and if anyone told me that I should give that money to someone else who they felt deserved it because they need the money, I would tell them to shove it. That person who "deserves it more" should have worked harder to take that scholarship away from me. Failing that, they should have worked hard enough to get into a school like Harvard, which takes care of any financial-based need that students may encounter.

Need should be a necessary (but definitely not sufficient) condition for getting a scholarship. You keep talking about merit. You deserved it over other people because...what? You had better grades? Better extra curricular activities? Better volunteering experience? You should try to keep in mind that you had all of these in no small part because you have lived a very charmed life compared to others. My father also has a multimillion dollar net worth, and I have never been poor. As a result, it was never difficult for me to focus on school, get better grades than a lot of people who needed to have part time jobs since they were 14. I had time to volunteer. I had time to participate in martial arts, competitive sports.

I would have won a whole bunch of scholarships had I applied. The very reason I didn't was because I didn't need the money.

-MBP
 
manbearpig:
Beachbum89:
This is BS. My dad makes enough money per year to be included in "the 1%," and I was lucky enough to be awarded a full merit-based scholarship to a top 25 private undergrad program. I did this by working harder than all of my friends in high school and by killing my interviews with the faculty and staff. I could not be prouder of the fact that I saved my dad somewhere in the area of $180,000 over four years of tuition, and if anyone told me that I should give that money to someone else who they felt deserved it because they need the money, I would tell them to shove it. That person who "deserves it more" should have worked harder to take that scholarship away from me. Failing that, they should have worked hard enough to get into a school like Harvard, which takes care of any financial-based need that students may encounter.

Need should be a necessary (but definitely not sufficient) condition for getting a scholarship. You keep talking about merit. You deserved it over other people because...what? You had better grades? Better extra curricular activities? Better volunteering experience? You should try to keep in mind that you had all of these in no small part because you have lived a very charmed life compared to others. My father also has a multimillion dollar net worth, and I have never been poor. As a result, it was never difficult for me to focus on school, get better grades than a lot of people who needed to have part time jobs since they were 14. I had time to volunteer. I had time to participate in martial arts, competitive sports.

I would have won a whole bunch of scholarships had I applied. The very reason I didn't was because I didn't need the money.

First of all, I never said that my dad has a 'multi-million' dollar net worth. He makes a good living - but he also has four sons, three of whom are in college right now, and one of whom is in graduate school. I was proud to tell him that I received a scholarship that would ease his financial burden. How are you to decide who needs a scholarship over others? Where do you draw the line? I have several cousins on one side of the family who grew up with money, but once their parents divorced, their wealthy father decided that he didn't want to pay their tuition. If they meet the qualifications for a scholarship, should they be discounted because their father is an asshole? This is very grey territory, and people often do not think about the vastly individual situations that complicate the matter.

 

I guess my only qualm is that a bunch of people here are telling a scholarship provider how he should spend HIS money. He set up the parameters. He can give it to a rich person or to the fourth runner-up if he wants. Or he can only give it to the poor. It's HIS money. (I do think scholarships that generally reduce income inequality should enjoy a few more tax advantages than those that don't, however.)

Bottom line, a scholarship is a gift and a blessing. We should treat it as such and not get bent out of shape arguing how they are to be doled out.

 

^^^ Well, not just that, but it is the scholarship sponsor who really ought to decide.

I think a lot of folks looking to provide scholarships for college students are looking to provide opportunities to kids who could not otherwise afford to attend school. So I think there would be an inherent need-based bias to some of this stuff. But again, it's not my money, it's the sponsor's.

 
everyman:
I can't believe people actually think this! Makes me so mad. What kind of lesson are we teaching people... Most rich people are there because they worked hard for it, why should their children not be able to accept scholarships just like anyone else. Stupid...

Is this a racial issue? Or just people that don't like hip-hop? Plenty of rich white families whose children have received scholarships and not a peep about it...

Because they are rich, that is why they shouldn't accept the scholarships.

 

Poor taste as in some silver spoon kid saying that kids without the formation they had should just apply to Harvard. What's legal vs ethical vs self serving is somewhat besides the point. In an unfair world, creating more friction will only result in blowback.

This article, I'm guessing, was written in reaction to a big name rappers son taking a scholarship, in a situation where a few thousand dollars clearly has a different meaning for them vs the vast majority of people. It's one thing if you save your patents college expenses, it's quite another to take what is literally pocket change for them from a scholarship.

That is bad form.

Get busy living
 

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