Which is better?

[orclover11]

1. Be given 1,000,000 over 3 years for NIL, lose 50% to taxes, give 25% to family and dumb expenses. 250 k in the bank. No degree, 3 years of sporadic online classes and no accountability. Multiple schools.
2. Be forced to go to class and get some sort of degree, not allowed to transfer...given no money in college. Leave college with five years of classes and a degree and a playing history with one school.

NIL seems far and above the "better" thing for kids, but I've known a lot of football players who played in college. And they were better off for being forced to pass some classes and get a degree. Almost none of them ever had a chance at the league.

 

[BugsAreQualityProtein]

The second option went out the window with the House v. NCAA settlement. No putting the genie back in the bottle now.

Also, some will make far more in college NIL than they’ll ever make in the NFL. Most will be out of the league by the time their rookie contract ends.

 

[Huskers12345]

1. Be given 1,000,000 over 3 years for NIL, lose 50% to taxes, give 25% to family and dumb expenses. 250 k in the bank. No degree, 3 years of sporadic online classes and no accountability. Multiple schools.
2. Be forced to go to class and get some sort of degree, not allowed to transfer...given no money in college. Leave college with five years of classes and a degree and a playing history with one school.

NIL seems far and above the "better" thing for kids, but I've known a lot of football players who played in college. And they were better off for being forced to pass some classes and get a degree. Almost none of them ever had a chance at the league.

I'm of the mindset that most people are either going to be successful or they're not. Stupid people are going to struggle under either scenario and smart people will succeed under either one. It's not about forcing people to do something, it's about the freedom for them to choose their own path.

And who says it has be either or. We have had multiple players make some good NIL money AND graduate from UNL. Nash for instance. Haarberg has a degree and I bet he got some NIL money that he wisely invested.

 

[cestrup]

Most college degrees are worthless. You either have the drive to succeed or you just settle. In your scenario 1 is probably a far better choice. As long as the money is invested properly

 

[orclover11]

Most college degrees are worthless. You either have the drive to succeed or you just settle. In your scenario 1 is probably a far better choice. As long as the money is invested properly

How often does an uneducated person invest properly? My experience with education is that the degree builds priorities around study habits, preparation, and academic performance. MANY college football players historically do not come from backgrounds that prioritize education and having a basic degree teaches a lot of skills that are useful in a sustainable workplace. I wonder how many college football players would skip any sort of job training if they weren't good at football...that number was quite high in the past.

 

[orclover11]

I'm of the mindset that most people are either going to be successful or they're not. Stupid people are going to struggle under either scenario and smart people will succeed under either one. It's not about forcing people to do something, it's about the freedom for them to choose their own path.

And who says it has be either or. We have had multiple players make some good NIL money AND graduate from UNL. Nash for instance. Haarberg has a degree and I bet he got some NIL money that he wisely invested.

I don't know. A lot of college players are very young...18-19...having a father influence force you to go to class did a lot of people good in the past...build good routines until you mature. Obviously football isn't doing that anymore because a kid will just enter the portal if he doesn't get his way. The crux is smart investment, will be interesting to see how many kids have good advisors and how long the money lasts...ending up broke at 25, with no opportunity for schooling seems a likely outcome for quite a few kids.

 

[cestrup]

How often does an uneducated person invest properly? My experience with education is that the degree builds priorities around study habits, preparation, and academic performance. MANY college football players historically do not come from backgrounds that prioritize education and having a basic degree teaches a lot of skills that are useful in a sustainable workplace. I wonder how many college football players would skip any sort of job training if they weren't good at football...that number was quite high in the past.

Education and investing are not related. That trait in my opinion comes from parenting. I was highly educated and came out of college with a piss poor understanding of money/investing