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- Thread starter SoapyCy
- Start date
Probably because your average student majoring in Engineering couldnt walk up and get a loan from a sports agent.
When does a loan become a gift? What does a 100k 0% interest loan with a 10 year term look like? What happens when the loan is forgiven?
This is my thinking. Here is also the ridiculousness of this. It isn't against the rules if you could get a bank to give you a loan of 10k with no payments for a year. It is only against the rules if it is an agent.
Because you can easily forgive a loan.
Yeah it does. The NCAA uses the idea that student athletes are like students and shouldn't be given extra benefits by people that regular students wouldn't get. Your average student can't go to a booster or agent and get a loan. Therefore, student athletes can't either.
I think it probably has more to do with the fact that it's very easy for a "loan" to become a gift, but Yeahbuddy's idea probably plays a role.
That plays no role. A regular student can make money any way he wants a "student-athlete" can't because "amateurism". aka NCAA protecting its pocketbooks.
If the bank wouldn't give that loan to a non-athlete who has a similar financial situation then it would be against the rules.
And for those of you questioning why it is against the rules use some common sense. If loans were allowed you'd have rich boosters give the top recruits "loans" to go to their school.
Kids get student loans all the time that they wouldn’t EVER get in normal circumstances.
Because a bank has no incentive to forgive the loan. If a player takes a booster's school to a Final Four the booster can just forgive that "loan" he gave him during recruitment
Of course boosters would pay for kids to go to their school - they are already doing it.
No, a student athlete can get a job and make money, they just can’t make money off of being an athlete.
So, let me get this straight, NCAA players are already on scholarship and need loans? I realize not all athletic scholarships cover every expense regarding classes, tuition, room and boards, books, but you can bet all the 4 and 5 star athletes get all this covered.
If players need loans and have athletic scholarships, then all regular students who have loans should get education scholarships. What did I miss here?
If players need loans and have athletic scholarships, then all regular students who have loans should get education scholarships. What did I miss here?
Man some of you should get paid to work for the NCAA.
Don't forget that the NCAA has a "Student Athlete Assistance Fund" that athletes can use to purchase $500 worth clothing, travel expenses between the student-athlete's home and campus and other essential expenses each academic year.
Nah, I've just been an athlete and know all the perks we get and they were more than enough to cover everything I needed.
