but actually, with the current stipends and pell grants an the fact they have room and board covered, A lot of these cars would be affordable for players at about $300-500/month.
Not saying you're wrong, but I would like to see the math on that.
Take this with a grain of salt:
Well typically colleges are offering between $2k-$5k per year for the stipends (link at bottom). I'm not sure what the maximum you can give is but I'd expect its around $6k. Its supposed to cover the rest of the COA, like transportation, food, movies etc. But Miami being a private school doesn't report how much we give....though Brooklyndee said we spend the most out of any P5 school on stipends.
Anyways. You have this stipend money, plus I'm fairly sure most of these athletes are eligible to receive pell grants or whatever the Fafsa aid is called, so thats another like $5k/yr. Plus if they live offcampus the money they receive for housing might exceed what they actually need to cover their bills, in which case they'd pocket the rest. So you're talking about having up to $10k/yr in extra spending money which would translate to about $800/month.
And since they already get free meals which is the biggest drain on college students wallets, they should be able to pay for lease on a car, phone bill, and still have a couple hundred left over per month for other stuff.
And they all get ipads and free clothes and **** so its not like they should really be spending any money on that. I mean books are expensive but I wouldn't be surprised if they didn't buy them. I graduated in Engineering and I didn't buy a book after my sophomore yr.
Cincinnati athletes lead in benefit boost from cost of attendance
