Mississippi State will require financial education for some athletes

Mississippi State will require students take financial education classes in order to receive additional stipends that will cover the full cost of attendance, athletic director Scott Stricklin said.

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.

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@ChaddScott Taking their college-based program and tailoring it for monthly online segments that students must complete …

— Scott Stricklin (@ScottStricklin) June 4, 2015

@ChaddScott … in order to receive the miscellaneous expense portion of their full COA scholarship.

— Scott Stricklin (@ScottStricklin) June 4, 2015

@ChaddScott Curriculum covers basics like banking, budgeting, savings, etc

— Scott Stricklin (@ScottStricklin) June 4, 2015

@ChaddScott Thx. Not telling students what to do w/their money, but want to provide foundation for good decisions.

— Scott Stricklin (@ScottStricklin) June 4, 2015

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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 Texaswill receive an extra $4,500 to $5,000, while those at Liberty will receive about $3,300. 

- Dan Gartland

[​via CoachingSearch.com]