6 Free Financial Modeling Lessons...and More.

Points)

on 6/1/12 at 12:21pm

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..

http://www.forbes.com/sites/s

http://www.forbes.com/sites/stevensalzberg/2012/04...

Points)

on 6/1/12 at 12:18pm

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.

When I got into grad school,

(Almost Human, 9,178

Points)

on 6/1/12 at 12:19pm

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.

Work hard, play hard.

manbearpig: Scholarships

(Human, 10,300

Points)

on 6/1/12 at 12:23pm

manbearpig:

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.

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If it were me I'd reject it.

RKoho

(Chimp, 10

Points)

on 6/1/12 at 12:23pm

If it were me I'd reject it. The kid just doesn't need the money even if it is merit based.

IlliniProgrammer: When I got

Points)

on 6/1/12 at 12:30pm

IlliniProgrammer:

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

(Human, 10,300

Points)

on 6/1/12 at 12:40pm

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".

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UFOinsider: TheKid1: But

Points)

on 6/1/12 at 12:53pm

UFOinsider:

TheKid1:

But soley based on financial need he doesn't deserve it.

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

"A grant or payment made to support a student's education, awarded on the basis of academic or other achievement."

That is the definition of a scholarship is based on academic or other achievement, No where doe it say financial need. Based on his achievement and his grade he deserves it. My argument is he wouldn't deserve it based on FINANCIAL NEED. Same reason why pell grants are given to those who need it.

Can you tell me he deserved a scholarship based on FINANCIAL NEED? Can you tell me his dad can't pay for college?

Now if a guy wins a lottery he doesn't get a welfare check and I have never seen a person collecting welfare riding around a limo.

TheKid1: This is pure B.S we

(Almost Human, 9,178

Points)

on 6/1/12 at 12:53pm

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.

Work hard, play hard.

This is BS. My dad makes

Beachbum89

(Senior Monkey, 81

Points)

on 6/1/12 at 1:15pm

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.

-1

I guess my only qualm is that

(Almost Human, 9,178

Points)

on 6/1/12 at 1:26pm

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.

Work hard, play hard.

Beachbum89: This is BS. My

(Human, 10,300

Points)

on 6/1/12 at 2:15pm

Beachbum89:

You're within your legally "entitled" rights, but this is very poor form.

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TheKid1: http://www.forbes.co

SECfinance

(King Kong, 1,414

Points)

on 6/1/12 at 2:56pm

TheKid1:

http://www.forbes.com/sites/stevensalzberg/2012/04/22/university-of-florida-eliminates-computer-science-department-increases-athletic-budgets-hmm/

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.

Beachbum89: This is BS. My

manbearpig

(Neanderthal, 3,029

Points)

on 6/1/12 at 3:19pm

Beachbum89:

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

^^^ Well, not just that, but

(Almost Human, 9,178

Points)

on 6/1/12 at 3:50pm

Work hard, play hard.

manbearpig: Beachbum89: Thi

Beachbum89

(Senior Monkey, 81

Points)

on 6/1/12 at 4:06pm

Beachbum89: manbearpig: B

manbearpig

(Neanderthal, 3,029

Points)

on 6/1/12 at 4:14pm

-MBP

"Actually if you re-read my

Beachbum89

(Senior Monkey, 81

Points)

on 6/1/12 at 4:25pm

Beachbum89: I think that

Points)

on 6/1/12 at 7:13pm

everyman: I can't believe

blastoise

(Senior Neanderthal, 4,380

Points)

on 6/1/12 at 8:07pm

Poor taste as in some silver

(Human, 10,300

Points)

on 6/2/12 at 10:03am

YOU JUST GOT TROLLED
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IlliniProgrammer: When I got

happypantsmcgee

(Almost Human, 9,621

Points)

on 6/2/12 at 10:38am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

No, just non-assholish. I