Cost Of Attendance proposal
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- AFCAT
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Cost Of Attendance proposal
Last edited by AFCAT on Wed Jan 22, 2020 7:39 pm, edited 1 time in total.
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Re: Cost Of Attendance proposal
How would it be funded? Any discussion on where the funds get generated? Costello must be confident the Cats to do it because he wouldn't be talking about "next Fall" unless he was close.
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- AFCAT
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Re: Cost Of Attendance proposal
I don’t know why UM wouldn’t be able to match.
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- luckyirishguy25
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Re: Cost Of Attendance proposal
I like the attitude, not complacent with were we are, shooting for the top!
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Re: Cost Of Attendance proposal
Why do you say that? Because the BOR would require it for both schools? If not, seems like a stretch for a cash-strapped university, especially when you have to offer it for all sports.
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Re: Cost Of Attendance proposal
I really like this move. It represents risk but will pay big dividends. We need this to take the next step. I'll gladly pay my share.
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- wbtfg
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Re: Cost Of Attendance proposal
WOW!! It’s almost like Choate was trying to send a message to fans, boosters and administration with his comments before the NDSU game. I’m shocked, I tell ya, shocked.
- AFCAT
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Re: Cost Of Attendance proposal
Because the MSU athletic department would have to fund raise for it. The UM athletic department does a good job of fund raising, in fact they are better at raising scholarship money than MSU is. They also have a billionaire benefactor that likes to put his name on stuff.kennethnoisewater wrote: ↑Wed Jan 22, 2020 8:27 pmWhy do you say that? Because the BOR would require it for both schools? If not, seems like a stretch for a cash-strapped university, especially when you have to offer it for all sports.
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“In the military, they teach you the best time to attack your enemy is nighttime and bad weather. We’ve got f—ing both!” — Devin Slaughter
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“In the military, they teach you the best time to attack your enemy is nighttime and bad weather. We’ve got f—ing both!” — Devin Slaughter
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- kennethnoisewater
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Re: Cost Of Attendance proposal
Yeah that's fair. Would they have the interest in, say soccer, softball, track? I'm not sure MSU would either, just curious how it would work.AFCAT wrote: ↑Wed Jan 22, 2020 8:38 pmBecause the MSU athletic department would have to fund raise for it. The UM athletic department does a good job of fund raising, in fact they are better at raising scholarship money than MSU is. They also have a billionaire benefactor that likes to put his name on stuff.kennethnoisewater wrote: ↑Wed Jan 22, 2020 8:27 pmWhy do you say that? Because the BOR would require it for both schools? If not, seems like a stretch for a cash-strapped university, especially when you have to offer it for all sports.
Have we determined how many total scholarships that is across all sports for both men and women? 200? 250? Gotta be close to a million bucks a year.
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Re: Cost Of Attendance proposal
I'm shocked. Didn't really think it would happen here for another decade or so.
This would be a huge, huge, recruiting advantage. Love it.
This would be a huge, huge, recruiting advantage. Love it.
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Re: Cost Of Attendance proposal
I believe it's close to 400 scholarshipped athletes. At $3000 apiece, we're looking at $1.2 million annually.kennethnoisewater wrote: ↑Wed Jan 22, 2020 9:18 pmYeah that's fair. Would they have the interest in, say soccer, softball, track? I'm not sure MSU would either, just curious how it would work.AFCAT wrote: ↑Wed Jan 22, 2020 8:38 pmBecause the MSU athletic department would have to fund raise for it. The UM athletic department does a good job of fund raising, in fact they are better at raising scholarship money than MSU is. They also have a billionaire benefactor that likes to put his name on stuff.kennethnoisewater wrote: ↑Wed Jan 22, 2020 8:27 pmWhy do you say that? Because the BOR would require it for both schools? If not, seems like a stretch for a cash-strapped university, especially when you have to offer it for all sports.
Have we determined how many total scholarships that is across all sports for both men and women? 200? 250? Gotta be close to a million bucks a year.
- wbtfg
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Re: Cost Of Attendance proposal
If MSU was funded by the state at the same level that UM is, we could do FCOA x10
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Re: Cost Of Attendance proposal
Me too! He rarely speaks with purpose whatsoever! I was told by several North Dakota fans that his comments had nothing to do with wanting MSU to step up, and EVERYTHING to do with making excuses. It’s no wonder those North Dakota fans, coaches and players were so worked up! Hopefully they’ll start having a little success and won’t worry so much about what Choate says.
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Re: Cost Of Attendance proposal
BUT it sounds like they'll start smaller than $3000 per student and just do what they have money for each year. That's probably why they're calling it COA instead of FCOA.91catAlum wrote: ↑Wed Jan 22, 2020 10:17 pmI believe it's close to 400 scholarshipped athletes. At $3000 apiece, we're looking at $1.2 million annually.kennethnoisewater wrote: ↑Wed Jan 22, 2020 9:18 pmYeah that's fair. Would they have the interest in, say soccer, softball, track? I'm not sure MSU would either, just curious how it would work.AFCAT wrote: ↑Wed Jan 22, 2020 8:38 pmBecause the MSU athletic department would have to fund raise for it. The UM athletic department does a good job of fund raising, in fact they are better at raising scholarship money than MSU is. They also have a billionaire benefactor that likes to put his name on stuff.kennethnoisewater wrote: ↑Wed Jan 22, 2020 8:27 pmWhy do you say that? Because the BOR would require it for both schools? If not, seems like a stretch for a cash-strapped university, especially when you have to offer it for all sports.
Have we determined how many total scholarships that is across all sports for both men and women? 200? 250? Gotta be close to a million bucks a year.
- GoCats18
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Re: Cost Of Attendance proposal
UM is currently working on setting up a Gofundme for this. They are worried about us doing it and then not being able to. Also, they are cutting music education and dance therapy so I could see at least 12 players leaving their team.
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Re: Cost Of Attendance proposal
A few things:
1). The COA stipends have to be paid proportionate to total scholarships - you can't just hand out the same amount of money to all student-athletes. MSU offers around 220 Full Athletic scholarships for the NCAA varsity sports
2). In 2017, MSU paid 72% of the Full Cost of Attendance in its scholarship package (according to the formula for determining what is Full Cost). Meaning the total stipend it could pay at that time was about $4000 per scholarship - putting total stipend cost ~$900,000.
3). One of the reasons this next year is probably a great year to role this out is probably due to the lack of expenses for football travel in the athletic department. The football team doesn't leave the Northwest - the longest trip of the year is to Portland. That GREATLY reduces overall athletic expenditures and will provide a significant amount of revenue that could potentially play into the ever shifting balance sheet of a D-1 athletic dept.
4). You want to make this thing happen the least "painful" way possible? James Madison grossed $250,000 on beer sales just at football games last year (their first year of selling beer at games). Come up with a reasonable policy that brings beer sales to Bobcat stadium, Shroyer, and the Brick and you probably make a significant dent in FCOA.
1). The COA stipends have to be paid proportionate to total scholarships - you can't just hand out the same amount of money to all student-athletes. MSU offers around 220 Full Athletic scholarships for the NCAA varsity sports
2). In 2017, MSU paid 72% of the Full Cost of Attendance in its scholarship package (according to the formula for determining what is Full Cost). Meaning the total stipend it could pay at that time was about $4000 per scholarship - putting total stipend cost ~$900,000.
3). One of the reasons this next year is probably a great year to role this out is probably due to the lack of expenses for football travel in the athletic department. The football team doesn't leave the Northwest - the longest trip of the year is to Portland. That GREATLY reduces overall athletic expenditures and will provide a significant amount of revenue that could potentially play into the ever shifting balance sheet of a D-1 athletic dept.
4). You want to make this thing happen the least "painful" way possible? James Madison grossed $250,000 on beer sales just at football games last year (their first year of selling beer at games). Come up with a reasonable policy that brings beer sales to Bobcat stadium, Shroyer, and the Brick and you probably make a significant dent in FCOA.