From what I understand, there are some tax considerations in regards to

May 4, 2015
12:28:54pm

WHO DEY

how much states will subsidize their state universities based on the university's income. So they intentionally spend to keep the tax subsidies high.

This message has been modified

Originally posted on May 4, 2015 at 12:28:54pm

Message modified by WHO DEY on May 4, 2015 at 12:52:00pm

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WHO DEY

Previous username: willrd123
Bio page: WHO DEY
Joined: Mar 30, 2012
Last login: Apr 24, 2024
Total posts: 2,852 (6 FO)

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Messages

Author

Time

BYU to pay $4500 for cost of attendance

mogelijk

5/3/15 3:48pm

What does this mean?

Mathew

5/3/15 3:50pm

this means that things just got a lot better for our football program!!!!

HarlemCoug

5/3/15 3:51pm

It is basically $4500 in spending money above the scholarship benefits

mogelijk

5/3/15 3:52pm

That is great news! This will indeed help BYU

Mathew

5/3/15 3:57pm

BM Troy Warner ASAP!

ldssdl

5/3/15 4:50pm

Seriously!

Mathew

5/3/15 5:56pm

Has Oregon said how much they'll pay?

Ebolarama

5/4/15 9:42am

Yes. Paying players on top of their scholarship I believe

TrueAndBlue

5/3/15 3:52pm

it also means you posted without reading the article.....

HarlemCoug

5/3/15 3:52pm

mogelijk

5/3/15 3:54pm

he posted and asked "what does this mean" when the post clearly explained it

HarlemCoug

5/3/15 3:59pm

Lol...alrighty then...

Mathew

5/3/15 4:00pm

Ah, sorry

mogelijk

5/3/15 4:00pm

lots of new Jordans worn on campus

Cougarealist

5/3/15 4:13pm

so true

ag4cougs

5/3/15 5:59pm

the car dealerships in provo are excited

franklyvulgar

5/3/15 11:21pm

FYI - the Yewts will pay $3,500. UT State will pay $3,700

HarlemCoug

5/3/15 3:54pm

Why the difference? Is there a formula?

boiseman92

5/3/15 3:55pm

Probably don't think they need to pay as much to attract athletes due to PAC-10.

byujacob

5/3/15 3:56pm

3 of the top 4 stipend $ are SEC schools

Utesplease

5/3/15 4:32pm

Yes, but they are all schools in shadows who want to be serious contenders.

Cougar8Duck

5/3/15 9:23pm

Kind of

BYUFam1

5/3/15 4:01pm

Apparently there are limits

mogelijk

5/3/15 4:10pm

I know it is voluntary and no school has to do it

BYUFam1

5/3/15 4:20pm

If you notice, I changed my post

mogelijk

5/3/15 4:26pm

Yeah - I already also responded to your other linking of that article

BYUFam1

5/3/15 4:37pm

The financial aid office publishes the numbers here:

BYUMizzou

5/3/15 5:09pm

It would be more funny if it wasn't for the fact that USU got theirs from

Cochise Cat

5/4/15 1:15am

"Utah to pay $4501 for cost of attendance."

slowhiteguy

5/3/15 3:55pm

Where did you get your info? The article states "The University of Utah

HarlemCoug

5/3/15 4:00pm

RE: Where did you get your info? The article states "The University of Utah

Crush4

5/3/15 4:04pm

<< Deleted >>

southernfriedcougar

5/3/15 4:14pm

RE: Where did you get your info? The article states "The University of Utah

southernfriedcougar

5/3/15 4:15pm

Has the NCAA reversed its bylaws that schools within a conference must pay the

Cougarpride

5/3/15 7:12pm

I thought it was just up to the conference on whether they would allow it to be

BYUFam1

5/3/15 7:28pm

The article certianly describes a major shfit from the original discussions

Cougarpride

5/3/15 7:45pm

Well played

dilbert

5/3/15 4:14pm

Why is it that hard to believe? We are one of only a few athletic programs in

thecelloguy

5/3/15 5:28pm

its exactly because we are one of the few programs that makes money that makes

cougarfann888

5/3/15 5:36pm

You have a point, but I think because we have the financial know how,

thecelloguy

5/3/15 5:46pm

The only way BYU would be able to keep up is if the church was willing to

swingcat

5/3/15 8:02pm

It isn't a "fraction"

mogelijk

5/3/15 9:38pm

BYU's athletic dept generated $60,124,000 last year

BYUMizzou

5/3/15 9:52pm

This is a little misunderstood.

WHO DEY

5/4/15 10:32am

Universities and their athletic departments are tax exempt entities. They don't

BYUMizzou

5/4/15 10:41am

From what I understand, there are some tax considerations in regards to

WHO DEY

5/4/15 12:28pm

Public Sector 101

panguitch

5/4/15 12:41pm

Interesting...

BYUFam1

5/3/15 3:57pm

<< Deleted >>

CougarForLife

5/3/15 4:02pm

Gotta say, if I had a kid at BYU & there was a tuition hike, I'd be pretty mad.

LeftOfNormal

5/3/15 3:57pm

What? Where is that coming from? Who says that's going to happen?

TrueAndBlue

5/3/15 4:00pm

BYU tuition is lower than all D1 schools in the state. That includes Weber & UVU

CougDogg-e-Dogg

5/3/15 4:01pm

BYU athletics has been spending $5 million less than they bring

mogelijk

5/3/15 4:04pm

no student at BYU should complain about tuition even if it went up 50%

rainorsnow

5/3/15 4:05pm

do you live in Utah? Didn't state leg. Approve state funds for usu's coa stipend

cougarfann888

5/3/15 4:15pm

heres the link state approved 1.5 million to cover usu stipends.

cougarfann888

5/3/15 4:23pm

USC only giving athletes 1,580. But they also have the 2nd highest cost per

Utesplease

5/3/15 4:31pm

BYU athletic department is completely self-sustaining. There won't be any

CalGTR

5/3/15 4:33pm

There would be no connection between the two. And --

lightmann

5/3/15 5:11pm

If BYU gives the option to put this money away in a fund, and once they GRADUATE

ocmyhome

5/3/15 5:12pm

Is this only for scholarship athletes or any player on the team?

Canusa

5/3/15 4:02pm

Scholarship only

mogelijk

5/3/15 4:05pm

From the 2nd page of the article

BYUFam1

5/3/15 4:08pm

The P5 are paying for full and part scholarships

Everymancoug

5/3/15 4:05pm

Higher than all p12 teams

CougarForLife

5/3/15 4:03pm

This is where dirt cheap tuition is a benefit

darkcoug

5/3/15 4:06pm

video game retailers rejoice!

BlueFrog

5/3/15 4:08pm

It may not sound like much $ but to a 17-18 year old

cougarfann888

5/3/15 4:12pm

$4500 sounds like a lot to almost any full time college student working

BYUFam1

5/3/15 4:24pm

Are there limits to what a school can spend? What's to keep some schools

boiseman92

5/3/15 4:15pm

The amount of money they make will limit them

SUAVO

5/3/15 4:20pm

There are limits

mogelijk

5/3/15 4:22pm

So, the article says Utah will spend 5000+?

SUAVO

5/3/15 4:31pm

No the article did the math from the financial aid sites

BYUFam1

5/3/15 4:38pm

Note that from that article where they display their calculations

BYUFam1

5/3/15 4:34pm

The article said it was an estimate of what the various schools COULD offer.

CalGTR

5/3/15 4:38pm

And even beyond the estimates - although the estimates were calculated from the

BYUFam1

5/3/15 4:41pm

I still cant believe Utah's fiscally "responsible" legislature approved money at

concolor couguar

5/3/15 4:51pm

Perhaps operating in the black provides some extra flexibility and leeway

ldssdl

5/3/15 4:31pm

BYU's strategy to be competitive with the P5: outbid them

Utesplease

5/3/15 4:47pm

Ironic considering the low amount they pay coaches and low cost

SUAVO

5/3/15 4:59pm

im not sure how raising tuition would = outbidding

Utesplease

5/3/15 5:23pm

not saying there is anything wrong with that

SUAVO

5/3/15 5:34pm

Grateful that BYU's BOT has a great vision. Significant investment will yield

Rocketman

5/3/15 7:55pm

Those questioning BYU commitment to athletics might reconsider. This seems BIG

BYUfan92

5/3/15 4:53pm

Talk about fishing for readers.

byufan08

5/3/15 4:58pm

So, the NCAA dictates how much BYU can pay, but doesn't help pay?

SUAVO

5/3/15 5:01pm

Great Q, not 100% sure, but I'm guessing yes.

byufan08

5/4/15 6:33am

NCAA pays scholarships, BYU pays COA

byufan08

5/4/15 6:34am

No, the US department of education dictates how much each school can pay

BYUMizzou

5/4/15 7:39am

3 Million a year that BYU is now spending. They wouldn't do this unless they

Blue for Life

5/3/15 5:41pm

It won't be $3 Million. Not every athlete gets $4,500. Read pg 2 of article.

rainorsnow

5/3/15 5:45pm

I wonder what this will do to schools struggling to stay a float?

steve3125

5/3/15 7:39pm

I also think it shows that the BOT has confidence in the donors. The BOT must

HarlemCoug

5/3/15 5:56pm

I'd rather spend 3 million dollars on good coaches.

COACHdrn

5/3/15 6:43pm

You can't possibly think that would be more effective...

HarlemCoug

5/3/15 6:54pm

It means I am no longer paying tithing

Medute

5/3/15 7:58pm

Where can I opt out of UT state taxes? Oh wait...

SLCougar

5/3/15 8:56pm

Tithing monies are never used to fund sports ever

steve3125

5/3/15 11:32pm

That really is unfortunate.

CougDogg-e-Dogg

5/3/15 11:51pm

I am sorry but I find this rather disgusting!!!

digitalayon

5/3/15 11:07pm

Yearly or per semester

steve3125

5/3/15 11:36pm

yearly

HarlemCoug

5/4/15 5:41am

This is what $4500 COA means:

panguitch

5/4/15 7:03am

Great explaination here and spot on

Heinz57

5/4/15 8:38am

Gag. College football has lost every ounce of purity it ever had.

BearsandBulls

5/4/15 11:28am

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