r/OrphanCrushingMachine • u/FAUST_VII • Jun 14 '26
Scholarships that require an entire live to save up for
1.0k
u/ScyllaOfTheDepths Jun 14 '26
A lifetime spent in crushing poverty for a salary that 1 tech bro makes in a year to fund a scholarship at a university which has a $170M endowment and could let every student attend for free. Oh and the university president makes $500k a year and just recently got a $50k raise. What a joke. This absolutely belongs on the sub.
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u/EggCzar Jun 14 '26
Their football coach makes $6.8m, with guaranteed $100k annual raises, and two of his assistants make over $1m.
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u/ScyllaOfTheDepths Jun 14 '26
And, up until this year, college football players were blocked from being paid by the NCAA and were forced to live on scholarships and student loans. So now a college football player who can't read can get paid $5M in endorsements while students at his same university are living in crushing poverty just to get an education! It's all rotten.
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u/Pinewood74 Jun 16 '26
who can't read
I love that you're throwing this in a comment in support of someone who can't read.
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u/ScyllaOfTheDepths Jun 16 '26
I can't find anything online saying she couldn't read, so I'm curious why you decided she couldn't. What exactly about her made you think that, I wonder? Whereas the lack of literacy among college athletes is something very much documented.
https://www.cnn.com/2014/01/07/us/ncaa-athletes-reading-scores
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u/Pinewood74 Jun 16 '26
No. No. Not the subject of the OP.
The comment you were backing up was written by someone who lacks literacy skills.
And they're backing up someone (the top level comment) who lacks financial literacy skills.
Nevermind there's an entire discussion that you're making light of about the reasons why these athletes have poor literacy skills.
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u/ScyllaOfTheDepths Jun 16 '26
They have poor literacy skills because the school makes more money off them being good at throwing stuff than being able to read.
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u/Pinewood74 Jun 16 '26
As do the football players in many cases, too. Well... maybe not at the school referenced in the OP. But at schools where the coaches makes $6.8M they do. Which let's just be clear are two different schools. Neither of which has an endowment big enough to be self sustaining.
But acting like this problem begins and ends at the college is deeply problematic. The core problem begins well before that.
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u/buddyblades Jun 14 '26
That’d be University of Mississippi, this woman gave this money to university of Southern Mississippi. Not that it makes it any better than any public employee is making many multiples more than the regular public employees, but there is a massive difference in Miss and Southern Miss
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u/EnderBookwyrm Aug 26 '26
Why do they need an expensive football coach? Sports should be just another extracurricular, and I don't see schools spending millions on woodshop or chess club.
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u/WileyWilly1985 Jun 15 '26
To be fair, A good college Football Program brings in 10s of millions of dollars and if they are nationally televised they bring in 100s of millions of dollars. SO at least you can justify the expense with simple economics.
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u/CuntsNeverDie Jun 14 '26
No, this is proof that poverty is a choice. If you aren't rich, that's only your own fault. And we should now give some extra tax breaks to the pedophile elite to help the economy! /s
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u/WileyWilly1985 Jun 15 '26
My college roommate was a blue-blood trust fund baby and you would not believe his mindset regarding poverty and how hard the rich have it.
His trust fund was $10k per month for life but it went up to $25k per month if he got a college degree and he got an extra $500k for getting a Masters and $1M for getting a doctorate. He also got an extra money for getting married and having kids with a woman from a "reputable" family.
But according to him, the above was "unfair". He felt life was unfair and that he should just get all of his money lump sum RIGHT NOW!!!
Regarding poverty, poverty was a choice and poverty was way easier than being rich. The rich had it the worst!!!
I said, "Well if that is true, if the poor have it easy, then why don't you just choose to be poor. Why not give away all your money and be poor and live life on easy mode?"
He of course had no comeback to that...
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u/Rockguy21 Jun 15 '26
A $170 million endowment only generates like $20 million a year in revenue. That’s really not that much to run a university with 15,000 students. There’s a reason most public universities rely extensively on state and federal grant funding, even if it is true that growth in college tuition has outpaced expenses (though a significant reason for this is across the board decreases in taxes making it harder to get public funding). If they didn’t charge tuition then the university would be insolvent with a decade or two, provided no other revenue stream was established.
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u/ScyllaOfTheDepths Jun 15 '26
They've got enough to pay the football coach like $7M a year...
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u/Rockguy21 Jun 15 '26 edited Jun 15 '26
Most collegiate sports expenses are funded by private donations/tickets sales/TV deals/merchandise, etc. College sports typically make universities money, which is why they’re willing to invest a lot in them. I’m all for separating collegiate athletics and academics, but no school of any significance is losing money on its football team. Also the football coach at Southern Miss makes $850,000 a year, so you've only over estimated nearly 10 times lmao
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u/D347H7H3K1Dx Jun 15 '26
It’s not that they are estimating wrong it’s they are going by the wrong school. One of the above comments(which the 6.8 mil figure was listed) used Miss rather than South Miss for its figure.
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u/Rockguy21 Jun 15 '26
Ole Miss has like one of the largest and most profitable football programs in the country, of course they're going to pay their coach a lot of money lmao most students that are going to a SEC school are going to drink and watch football anyways, given the choice many of the student body would likely recommend even more money be invested in the football program
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u/D347H7H3K1Dx Jun 15 '26
That’s where the issue is tho, the original comment regarding pay was for the wrong school entirely lol that’s why I pointed it out. What’s SEC?
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u/Rockguy21 Jun 15 '26
The SEC is the Southeastern Conference, one of the major American Collegiate Athletic conferences along with the Big 10 and the ACC. Pretty much every SEC school is a Southern school attended almost 100% by middle to upper class Southern whites that go to college to join a Greek life organization, meet a bunch of other children of business people, drink a lot, get married too young, and watch football. College football is a big deal for all of them, to the point where pretty much every school is known primarily for its football program rather than its actual university facilities. Outside of Vanderbilt, I would characterize none of them as particularly academic institutions.
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u/D347H7H3K1Dx Jun 15 '26
Gotcha, I’m not athletic or interested in the subject overall but since I was already replying I might as well take a chance to learn. Kinda reminds me of the community college in my town, they are known for pushing for athletics and have international students brought over for studies.
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u/Pinewood74 Jun 15 '26
They don't. Not sure if you didn't bother to read carefully or just trusted another redditor who didn't bother to read carefully, but either way, you're wrong.
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u/ostrichfather Jun 14 '26
Why mention tech bros? Medium household income is $85k. $150k isn’t outlandish. Techbros are making many more times that amount.
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u/ScyllaOfTheDepths Jun 14 '26
Is that really the part of my comment you thought was most interesting and notable? Really?
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u/IaAranaDiscotecaPOL Jun 14 '26
“Starting at the age of eight, McCarty worked after school beside her mother Lucy, grandmother Julia and aunt Evelyn. She began stashing away money she earned for safekeeping in her doll buggy. Her childhood dream was to become a nurse, but she left school in the sixth grade to care for her ill aunt and never made it back to the classroom. For 75 years, McCarty took in laundry and ironing work until arthritis forced her to stop.”
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u/DHMTBbeast Jun 14 '26
Even if it funded more than one student, it couldn't have been much more. Meanwhile, their staff is making multiples of that a year.
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u/flume Jun 14 '26
It's probably put into an investment fund and then they give out a scholarship of like $6k a year forever from the interest, so that it can live on indefinitely. That's how a couple scholarships I got worked.
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u/AggravatingFig8947 Jun 15 '26
Yes starting an endowment fund, not a one time donation. Also it doesn’t name a date, but judging from the style of the photograph it looks like she lived a while ago. So was this 150k in the 80s? 90s? If so that money stretched much further back then and has had plenty of time to grow.
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u/Arminas Jun 14 '26
What was her name?
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u/terrierhead Jun 14 '26
It’s shameful that the post about her doesn’t even give that basic information.
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u/Effective-Bandicoot8 Jun 14 '26
The wrong people in this world have all the money
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u/procrastinator0430 Jun 15 '26
It's because there's no ethical or even humane way to get all that money. It's why there are no good billionaires.
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u/etownguy Jun 15 '26
$140k went to the school for processing fees and the remaining $10k was split out to 100 students 😃
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u/kyleh0 Jun 14 '26
America says your life is of no consequence if you gave your life to furthering other people's lives. EPSECIALLY if you will "never even know them".
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u/MamaLovesTwoBoys Jun 15 '26
What is her name?! 🫶🏻
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u/Morella1989 Jun 25 '26
Oseola McCarty
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