Financial education for athletes - | 10:23:24
posted by: Molly Gallagher

The National Football League Players Association elected DeMaurice Smith just over three months ago and his impact has already been felt by the players.

Smith travels to meet with NFL players to educate them on the inner-workings of the league, helping them understand its finances and funding. According to the Wall Street Journal, most players are unaware that the NFL is a non-profit organization.

This made me wonder about financial education for student-athletes. Many young people graduate with a poor sense of financial responsibility after having lived off meal plans for several years. All too often college graduates find themselves struggling with debt and student-athletes on scholarship may have an even lower understanding of money management.

Graduating into this tough economy, do you think a fiscal responsibility class should be offered to student-athletes?

Comments

While I agree that debt is a problem for students in college, I do not agree that a class should be required on the subject. At present, many athletics programs require a variety of life skills educational experiences. Perhaps we should stop thinking for these young adults and permit them more freedoms in college. They are already heavily monitored and too much time is imposed on their lives.

posted by: Gerald Gurney | 07/06/09

I do feel that all students - athletes or not - should take a course of financial managment and fiscal responsibiity. Parents, however, should not depend upon the school system to do this. My son took a 10 week Biblically based home study course of financial stewardship for teens as a sophomore as my request. It was perfect for the summer time... just a little bit each day for ten weeks. It offers resources for parents and students to learn these life skills from a Christ centered perspective. I would highly recommend it. Financial stewardship is a critical life skill regardless of income, career aspirations, or religious affiliation.

posted by: Maddox | 07/06/09

Every student should be required to take a fiscal responsibility class. It's such a basic life skill. Why wouldn't we require it?

posted by: Laxgurl | 07/06/09

Student-athletes should only be required to take a class in fiscal responsibility (or any other class for that matter) if the student body is required to take the class. Nothing wrong with the athletics department or university offering a lecture, seminar or course as an option.

posted by: sportlaw | 07/07/09

Responding to Laxquri. I feel that fiscal responsibility is important, but am not in favor of requiring it, Should we require a course on parenting? How about substance abuse? Human sexuality? Alcohol abuse? Sexually transmitted diseases? Depression? All are serious challenges facing college students today. When do you propose these student-athletes have time for English, History, Economics, Philosophy, etc.? Programming? Yes. A required class? No. Student-athletes need time to be college students and to enjoy their experiences.

posted by: Gerald Gurney | 07/07/09

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As an educator, umpire/official, ex college/professional athlete, and past coach I believe it is our top job to guarentee our athletes recognize it is education first and athletic success second.
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