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lol - the football coaches aren't being paid their millions by the tuition.
And the teams bring money IN!
"Bowl Game Payouts are Practically a Small Fortune in College Football"
"Each conference gets $300,000 for each school that meets the NCAA's academic performance review (APR) for participation in a postseason bowl; FBS Independents like Notre Dame also receive the same amount. -- Each of the 10 conferences receive a base payout, again pending that academic performance review. For the Power 5 conferences with contracts to send its champion to the Orange, Rose and Sugar Bowl, each conference receives around $74 million. For the other Group of Five conferences that do not have automatic bids for its champion, they divide a total of around $95 million amongst themselves. Notre Dame automatically gets $3.55 million if it meets that APR review; all other independents split about $1.88 million.
-- Each conference gets $6 million for every football team it sends to a playoff semifinal game. They also get an additional $4 million for participation in one of the other non-playoff New Year's Six bowl games. There is no additional revenue added for making the national championship game.
-- Each conference gets an additional $2.74 million to cover travel expenses for each game.
In summary: there is A LOT of money on the line for these massive football games.
In addition to the College Football Playoff revenue pool, of course, each bowl matchup game pays out to the winner. Here is how much each bowl game will pay out for the 2022 bowl season.
Advertisement" https://fanbuzz.com/college-football/bowl-game-payouts/
Would you pay a coach millions if you felt he could get your school this, "Duke's Mayo Bowl:$4,780,461 (NC State vs. Maryland)"
Status:
"everybody getting reported now.."
(set 17 days ago)
Location: Pine Grove,AL
29,543 posts, read 16,528,077 times
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Quote:
Originally Posted by beach43ofus
The Feds allowing student loans to become so large is entrapment. They should have never gotten so large.
It's indentured labor...sickening.
The feds need to fix the root cause...the cost of higher education at public colleges/universities....which has outpaced inflation for decades. Way too many gov't workers making way too much at our public colleges/universities...like Football coaches making $10,000,000/year, & Collge professors making $200k+ to teach 2 classes.
The students are being victimized by the left...they are being taken advantage of by people that have NO compassion.
Quote:
Originally Posted by BoBromhal
lol - the football coaches aren't being paid their millions by the tuition.
Quote:
Originally Posted by Quick Enough
And the teams bring money IN!
"Bowl Game Payouts are Practically a Small Fortune in College Football"
"Each conference gets $300,000 for each school that meets the NCAA's academic performance review (APR) for participation in a postseason bowl; FBS Independents like Notre Dame also receive the same amount. -- Each of the 10 conferences receive a base payout, again pending that academic performance review. For the Power 5 conferences with contracts to send its champion to the Orange, Rose and Sugar Bowl, each conference receives around $74 million. For the other Group of Five conferences that do not have automatic bids for its champion, they divide a total of around $95 million amongst themselves. Notre Dame automatically gets $3.55 million if it meets that APR review; all other independents split about $1.88 million.
-- Each conference gets $6 million for every football team it sends to a playoff semifinal game. They also get an additional $4 million for participation in one of the other non-playoff New Year's Six bowl games. There is no additional revenue added for making the national championship game.
-- Each conference gets an additional $2.74 million to cover travel expenses for each game.
In summary: there is A LOT of money on the line for these massive football games.
In addition to the College Football Playoff revenue pool, of course, each bowl matchup game pays out to the winner. Here is how much each bowl game will pay out for the 2022 bowl season.
Advertisement" https://fanbuzz.com/college-football/bowl-game-payouts/
Would you pay a coach millions if you felt he could get your school this, "Duke's Mayo Bowl:$4,780,461 (NC State vs. Maryland)"
Oh, its even deeper than that.
Nick Saban's contract for example is only 305,000 from the school. the other 9.9 million is places like national companies, Nike, and Aflac and then local companies like Golden Flake, Mercedes(factory and car spokesmen) and Buffalo Rock( Pespsi and independent bottler) and about 30 other companies
The average student loan is 37,000 at 20 years, not 10K at 5(and thats current debt, not starting debt). the current average rate of loans taken out is 5%, but thats not the average of the currently held debt. Thats closer to 7%
to simplify that. Someone paying back 60K with a 7% interest rate who started paying 20 years ago
would pay roughly 51K in interest total. They would have already paid back more than 30K in interest at the half way point.
so on a loan of 60K without the 10K forgiveness, they pay 111,000 total
with the 10K reduction somewhere around the 37,000 mark, they pay 102,000.
I appreciate the math work. When did the "standard" student loan repayment go from 10 years to 20 years?
My point about $10K and 5 years was a general assumption the average borrower had 5 years remaining. Regardless, the math is meaningless, other than to note WITH forgiveness, there's also some interest income the UST doesn't get.
Quote:
again, loans in and of themselves arent economical. Thats at best, a bad term, at worst, you are trying to sound smart, but trust me, it makes it look like you are just tossing out terms.
Loans are indeed economics. Since I graduated college with an Econ degree and then spent 10 years issuing loans, particularly commercial loans, I'm not "trying" to sound like I know what I'm talking about.
To be succinct - when a business needs to buy equipment, the $ has to come from somewhere. It's either replacement (not changing the revenue/profit) or being used to expand (revenues or be more efficient/profitable). If it costs more than the profit output it generates, it's bad economics.
Quote:
PPP loans are forgiveness for money given out. If you thought giving 10K in forgiveness was bad, then how ? are you ok with PPP loans , explain yourself, LOL
the question of whether the entire PPP loan program was a good thing or bad wasn't the question - it was both good and bad. It just was slammed together and had no oversight. We're now clawing back some of the massive fraud. We'll never be able to claw back the funds spent on the wealthy who never needed it but got it (like partners of a law firm).
The reason we had PPP was the government said "I am putting you out of business for 60 days or so. If you promise to keep paying your employees during that time, we don't have to pay them unemployment. Since we'll pay your other expenses (rent, utilities, etc) during that period, if you stay open and get back to business, then we'll forgive you that 60 days of expenses." None of it was related to gross revenue, or we'd really be in trouble.
So, to try and compare to student loans, then IF we said to HS Seniors something like:
"IF you take only the money needed to pay for essentials and IF you make good grades and get a job, then at the end we'll forgive some of your student loans."
Your argument wasnt that "the fed is all of us", we never disagreed on that.
Your argument is that the money still needs to be paid back by someone. It doesnt.
You are attempting to move the goal post after a lightbulb went off.
Student loan repayment is surely figured into government revenue annually. It's a small piece, but it's figured in. Maybe what we should do is have student loan disbursements = student loan payments received. Then you'd see everybody from Fall '23 forward line up against the millenials who choose not to pay their obligations.
Selling off tanks is not part of the projected revenue equation, so far as I know.
Student loan repayment is surely figured into government revenue annually. It's a small piece, but it's figured in. Maybe what we should do is have student loan disbursements = student loan payments received. Then you'd see everybody from Fall '23 forward line up against the millenials who choose not to pay their obligations.
Selling off tanks is not part of the projected revenue equation, so far as I know.
" It's a small piece"
As the old saying goes, "if you take care of the pennies, the DOLLARS will take care of themselves"!
And, "a penny here and a penny there, pretty soon we are talking about REAL money"!
I appreciate the math work. When did the "standard" student loan repayment go from 10 years to 20 years?
My point about $10K and 5 years was a general assumption the average borrower had 5 years remaining. Regardless, the math is meaningless, other than to note WITH forgiveness, there's also some interest income the UST doesn't get.
Loans are indeed economics. Since I graduated college with an Econ degree and then spent 10 years issuing loans, particularly commercial loans, I'm not "trying" to sound like I know what I'm talking about.
To be succinct - when a business needs to buy equipment, the $ has to come from somewhere. It's either replacement (not changing the revenue/profit) or being used to expand (revenues or be more efficient/profitable). If it costs more than the profit output it generates, it's bad economics.
the question of whether the entire PPP loan program was a good thing or bad wasn't the question - it was both good and bad. It just was slammed together and had no oversight. We're now clawing back some of the massive fraud. We'll never be able to claw back the funds spent on the wealthy who never needed it but got it (like partners of a law firm).
The reason we had PPP was the government said "I am putting you out of business for 60 days or so. If you promise to keep paying your employees during that time, we don't have to pay them unemployment. Since we'll pay your other expenses (rent, utilities, etc) during that period, if you stay open and get back to business, then we'll forgive you that 60 days of expenses." None of it was related to gross revenue, or we'd really be in trouble.
So, to try and compare to student loans, then IF we said to HS Seniors something like:
"IF you take only the money needed to pay for essentials and IF you make good grades and get a job, then at the end we'll forgive some of your student loans."
"then at the end we'll forgive some of your student loans." B.S.!!!!!
What's next, home loans, car loans, boat loans, RV loans, motorcycle loans, etc.
NO ONE FORCED them to take out the loan.
It is a LEGAL AND BINDING CONTRACT!
The person who signed for the loan is the ONLY one RESPONSIBLE for repaying. PERIOD!
Student loan repayment is surely figured into government revenue annually. It's a small piece, but it's figured in. Maybe what we should do is have student loan disbursements = student loan payments received. Then you'd see everybody from Fall '23 forward line up against the millenials who choose not to pay their obligations.
Selling off tanks is not part of the projected revenue equation, so far as I know.
"Student loan repayment is surely figured into government revenue annually. It's a small piece, but it's figured in"
Actually it was NOT.
The repayment of loans was AFTER the annual budget bills were passed by Congress then signed into law by the president.
Which is why the court ruled the way they did AGAINST the gov't paying off these loans.
It was NOT in the budget.
ALL spending bills ORIGINATE in the House of Representatives. NOT the White House.
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