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Web
Exclusives: From
the Cheap Seats
a PAW web exclusive column by Matt Golden '94 (email:
golden2@erols.com)
February
21, 2001
New financial-aid policy may grant Tigers athletic coup
By Matt Golden '94
You're a standout high
school student-athlete in the midst of a recruiting battle. Harvard
wants you. So do Princeton, Penn, Yale, and Penn State. But the
price tag of an Ivy League education has you leaning toward a scholarship
school. After all, if you choose one of the Ivies, the student loans
you accrue by graduation will be more impressive than your degree.
With decision time approaching
for many recruits in that very predicament, Princeton made choosing
a college a whole lot easier. The university announced last month
that it w ill
no longer require undergraduates who qualify for financial aid to
obtain loans to pay their tuition bills. Loans will be replaced
by grants - which need not be repaid - beginning this fall.
This groundbreaking policy
is designed to take finances out of the equation for admitted students
who are deciding whether or not to attend Princeton. But, in the
realm of intercollegiate athletics, the switch from loans to grants
brings finances to the recruiting forefront. The new policy creates
a clear financial distinction between Princeton and its Ivy competitors.
Previously, a recruited student-athlete would face roughly the same
financial picture at all eight Ivy institutions. Now, Princeton
has a clear advantage. That same recruit can choose Harvard and
thousands of dollars in student loans or opt for the orange-and-black
and be able to graduate debt free.
The timing of Princeton's
announcement could have a profound effect on the success of Tiger
coaches in this spring's critical recruiting
battles. It is doubtful that the other Ivies can implement similar
student-aid policies in time to woo top athletic recruits for the
class of 2005. And that will leave Old Nassau as the destination
of choice for many of best of the Ivy-bound young athletes. The
change also allows Princeton coaches to recruit student-athletes
who, for financial considerations, had previously crossed the Ivies
off their lists of suitors.
The remainder of the
Ancient Eight will probably open their coffers and fall in line
with Princeton in very short order. But, the impact of one dominant
recruiting class could be felt throughout the league for years to
come.
Matt Golden can be reached
at golden2@erols.com
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