TCURiggs said:
Maybe it's the wrong thread for this, but can someone give me the cliff notes version of why a team like Vandy has such a recruiting advantage over us? How is their scholarship/financial situation so different from ours, and will we ever be able to do what they do?
This is correct. Everyone gets aid on an as needed basis. Not just athletes.More Frogs the Better said:
I think Vandy and Stanford have some version ability to pay tuition available to all students. If you're not on a full scholarship and their formula says you (and your family) can afford 10k per year in tuition, then that is what you pay. I think we would have no issue doing that with baseball players (obviously) but it would, per my understanding, have to available to all students who are accepted to the school and become members of the student body to not be an illegal attempt to get around the scholarship limits. Doing that for the other 8500 or so who are not athletes is the problem unless we can substantially increase the endowment and other sources witch fund student financial aid.
PO Frog said:This is correct. Everyone gets aid on an as needed basis. Not just athletes.
And baseball is doing even more. I know they give a ton of aid to minority players, of which they have more than most programs.Purpletoad said:
That's true - I took my daughter to the black and gold days @ Vandy about a year ago. It's all need based financial aid. They don't give academic scholarships (or very few) because all admitted students have outstanding academic accomplishments. My numbers may be a little off but they divide about $45-$47 million per year in financial aid to an undergrad student population smaller than TCU. You have to apply each year and it's based on income levels with other varying attributes such as # children attending college, etc. If you have a household income of $200K or less, you are getting discounted cost. The less you make the more you get. They boast that you may not choose Vandy for varying reasons but ability to afford Vandy will not be among the reasons.
Any chance we can retroactively take care of the families currently going into extensive debt?Rex Ringo said:This is all correct. Need-blind institutions can essentially guarantee that your full financial need is met regardless of ability to pay. It's in the long-term plans for TCU to become need-blind eventually.
Progress towards that is being made already. We have more Chancellor's Scholarships (full ride) now than at any other point in our history- about twice as many as when I was a freshman in '08. We have also created the Community Scholars program, which provides full rides for students that come to TCU from DFW's poorest schools, as well as the Vision Grant, which provides scholarships for students who are extremely involved and display great leadership qualities but perhaps don't test well or have a lower class rank due to going to an extremely rigorous school. Eventually those programs will (with luck) expand to where every qualified student has a chance to attend TCU without going into extensive debt.
If that happens? Imagine our baseball program then...
Rex Ringo said:This is all correct. Need-blind institutions can essentially guarantee that your full financial need is met regardless of ability to pay. It's in the long-term plans for TCU to become need-blind eventually.
Progress towards that is being made already. We have more Chancellor's Scholarships (full ride) now than at any other point in our history- about twice as many as when I was a freshman in '08. We have also created the Community Scholars program, which provides full rides for students that come to TCU from DFW's poorest schools, as well as the Vision Grant, which provides scholarships for students who are extremely involved and display great leadership qualities but perhaps don't test well or have a lower class rank due to going to an extremely rigorous school. Eventually those programs will (with luck) expand to where every qualified student has a chance to attend TCU without going into extensive debt.
If that happens? Imagine our baseball program then...
TCUdirtbag said:
Going to take a whole lot of money being added to endowment. A whole lot. Vandy's endowment is over $4 B. Stanford's is over $22 B. TCU's isn't quite to $1.5 B.
Absolutely. Though I think in terms of dollars, construction is sowing down much less than many think. In spring 2016 or 2017, the $100 M Neeley School project is set to begin. The Worth Hills phases 4-7 project is another $100 M. Haven't see a number for Mousy East for the College of Fine Arts, buts it got to be at least $20 M. The School of Music still has to be addressed, even if the $100 M music village is scrapped. Del Conte wants to address the track and field facilities, swimming facilities, and is tinkering with some unknown project on the east side of AGCS. And of course the baseball stadium seems to be an ongoing construction zone. Point just being that although the cranes are moving to the campus borders, I'm not sure the capital expenses are decreasing.Rex Ringo said:Absolutely. This is more along the lines of the long-long-long term plan. But with so much of the construction around campus and in athletics slowing down a bit, the next big financial project is going to revolve around upgrading the academic side of things (more endowed professorships, academic support systems, research grants, etc) as well as financial aid for highly-qualified students. It's going to take a long time and generations' worth of work but that's where the school wants to be.
Don't worry, I got this. Once I get my tax refund.Pure Purple said:www.ir.tcu.edu/zfiles/Fall2015.pdf
Quick Reference Fall 2015
Financial Total Investments @ $1,748,507K
What's a refund?mc1502 said:Don't worry, I got it. TCU will just have to wait for me to get my tax refund.
Jake102 said:Just want to go ahead and use this thread to point out that the qualifications for a "need" based scholarship at Rice and Ivy league schools are ridiculous. Laughable that need based is only available for anyone making under $200k. At $50k a year, someone making $200k can't afford that. They need to raise it to like $400k.
/rant
They could if they were using the Dogfrog method.Jake102 said:Just want to go ahead and use this thread to point out that the qualifications for a "need" based scholarship at Rice and Ivy league schools are ridiculous. Laughable that need based is only available for anyone making under $200k. At $50k a year, someone making $200k can't afford that. They need to raise it to like $400k.
/rant