Mississippi State will require that students take financial education classes in order to receive additional stipends that will cover the full cost of attendance, athletic director Scott Stricklin said.
The school will partner with financial author and radio host Dave Ramsey, according to Stricklin.
“We want to make sure that they understand the basics of finance,” Stricklin said on the school's blog. “Not that we’re going to tell them what to do with their money, but to make sure they understand how to open a checking account, set a budget and things of that nature.”
He further explained the program on Twitter.
The NCAA's Power 5 schools voted in January to allow schools to offer scholarships that cover the full cost of attendance. The exact additional value of the scholarship depends on the school. Athletes at Texas will receive an extra $4,500 to $5,000, while those at Liberty will receive about $3,300.
- Dan Gartland