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Subject:
From:
"Larry Haag, Eastman Kodak Co., Rochester, NY" <[log in to unmask]>
Reply To:
Larry Haag, Eastman Kodak Co., Rochester, NY" <[log in to unmask]>
Date:
Mon, 8 Apr 1996 13:56:19 -0400
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>Yes, bravo..great idea.  How hard would this be to put into the scholarships?
>Especially in the basketball world (Iverson), and football.  Let these future
>millionares who obviously aren't in the official alumni club (don't graduate)
>who may or may not EVER give a red cent back to their schools....MAKE THEM
>CONTRACTUALLY  repay their education if they DO NOT COMPLETE their degree in
>a specified amount of time.
>
>It seems like it would be legal and straight-forward, but maybe it isn't.
>Could a school write their scholarship contracts that way?
 
I kinda like the idea, but...
 
I can smell the NC$$ sticking its nose in here.  Would you require this of all
students receiving scholarships or would this be "special treatment" only
bestowed upon student-athletes because of their affiliation with a sports team?
Would you require it of proportionate numbers of male and female students?
Would schools have to hire "scholarship payback compliance officers" who would
provide quarterly feedback to the NC$$?  Would a friend be allowed to buy
dinner for a former student-athlete who attended school on a scholarship before
the full amount is paid back?  ;-)
 
Sarcasm aside...  While it might make some sense to have those who do receive
million dollar contracts pay back some/all of the money they received, what
about those who don't make it to the pro's, or those who receive scholarships
but are not in a big money sport?  How could you do this without
"discriminating" against those on sports scholarships vs. those on scholastic
scholarships?  I could see putting graduation requirements into all scholarship
"contracts", thus giving an incentive to all recipients to stay in school until
they are done.  Doing something for (to?) just those who go on to big-money
sports, while morally justifiable, is a suit waiting to happen.
 
Now if everyone paid back some/all of the money they received as they were
able, then the scholarship money would be self-perpetuating.  No wait, we
already have something like this called alumni fund drives!  ;-)
 
 
                              Larry
 
 ==============================================================================
Lawrence E. Haag                      Reply to [log in to unmask] -OR-
Eastman Kodak Company                          [log in to unmask]
3/56/KP,  MC 24533
Rochester NY 14652-4533       "I think there is a world market for maybe five
(716) 477-3669                computers."  Thomas Watson, IBM chairman, 1943
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