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re: LA Higher Ed board troubled by number of TOPS recipients from millionaire households
Posted on 10/22/21 at 5:03 pm to ragincajun03
Posted on 10/22/21 at 5:03 pm to ragincajun03
There aren't a massive amount of people that have an income of $1M or more. (I'm guessing annual) Even if so, that doesn't mean that they are paying for their children to go to college. People going to college aren't making 1M/year and that is who TOPS is for, not their parents.
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Posted on 10/22/21 at 5:51 pm to ragincajun03
Patrick Taylor's intention was that it not be a needs based scholarship.
Posted on 10/22/21 at 5:55 pm to NorthEndZone
Imagine lowering the requirements for kids who don’t run fast jump high or are huge to get an athletic scholarship. For every kid who rins a 4.4 you have to take a kid who runs a 4.8. Wait that’s racist. Fukin joke man. I weep for my kids.
Scholar Ship keyword is scholar. Poor white kids are fuked along with lower middle class white kids. We’re breeding a whole new generation of racism with these “equality “ policies.
Scholar Ship keyword is scholar. Poor white kids are fuked along with lower middle class white kids. We’re breeding a whole new generation of racism with these “equality “ policies.
This post was edited on 10/22/21 at 6:06 pm
Posted on 10/22/21 at 6:13 pm to ragincajun03
Hey if their kids make the grades and mom and dad pay taxes I ain’t mad.
Hate the game not the player.
Hate the game not the player.
Posted on 10/22/21 at 6:15 pm to cyarrr
“ 1989, the original Louisiana Taylor Plan became law as a result of Mr. Patrick F. Taylor’s educational initiatives. Governor Roemer signed ACT 789 into law creating the first state-funded, merit-based college tuition program in the country called the Louisiana College Tuition Plan (LCTP). Students were required to earn 17.5 units in the core curriculum, score a minimum 18 composite score on the ACT, and earn a 2.5 grade point average. In 1992, the program was renamed the Tuition Assistance Plan (TAP) by ACT 887 and ACT 718. Both programs had an income cap.”
I remember my dad complaining about the original plan….and years later when the politicians lowered the academic requirements and increased the income so most people could qualify…thus buying votes
He paid for my college with his savings…then spent the rest of his life paying for other kids college with his taxes…
I remember my dad complaining about the original plan….and years later when the politicians lowered the academic requirements and increased the income so most people could qualify…thus buying votes
He paid for my college with his savings…then spent the rest of his life paying for other kids college with his taxes…
Posted on 10/22/21 at 6:24 pm to Thecoz
Not everyone is collegiate. We’ve already inflated HS grades with no child left behind, this should be easy. Set a minimum criteria based on scholastic merit alone. The intent was to keep Louisiana talent in Louisiana. It’s not like the parents who have money aren’t funding TOPs also. Do rich parents get a refund when their shithead kids flunk out?
Posted on 10/22/21 at 6:25 pm to toots-N-scoots
quote:
Millionaire households: 87,565 Total households: 1,820,554 Concentration of millionaires: 4.81%
That is households with $1 million in net assets, not income, which was the specified in the beginning of this thread .
Posted on 10/22/21 at 6:28 pm to ragincajun03
I have mixed feelings on this. I believe in pure merit systems, but I don't think you have to show enough merit to get the award. If I was pulling in good money and my kid was going to LSU or another school with not crazy tuition, I'd probably turn it down and pay for whatever portion TOPS would. I am not a fan of the government.
Posted on 10/22/21 at 7:12 pm to TDsngumbo
The most important word.
Posted on 10/22/21 at 7:45 pm to OldManRiver
quote:
the basic award requirements are entirely too low
Yep. I even got it :/
Posted on 10/22/21 at 7:54 pm to ragincajun03
quote:
TOPS funding paid the college tuition for more than 11,000 Louisiana students whose parents had an income of $1 million or more.
There are 11,000 households in LA with an income of $1 million or more? I figured the OT had a couple of thousand, but where are the other 9,000 from? Even factoring in that some of the students came from the same family, that’s still a big number.
Posted on 10/22/21 at 8:14 pm to ragincajun03
I thought TOPS was similar to going on the Oprah Winfery show. Everybody wins.
Posted on 10/22/21 at 8:27 pm to ragincajun03
Damn Louisiana has a lot of millionaires
Posted on 10/22/21 at 8:48 pm to ragincajun03
Bigger problem is people using TOPS and then going out of state for employment. I bet Texas benefits more from TOPS than Louisiana does.
Posted on 10/22/21 at 8:50 pm to ragincajun03
quote:
“I’m in a fortunate situation… My children will probably qualify for TOPS when the opportunity presents itself, but I wouldn’t mind saying ‘You know what? They earned it, but I’m still going to pay (their tuition) if they decide to stay in state because that money can go to somebody else,’” Temple said.
What are the chances that CT3 turned down his basketball scholarship back in the day?
Posted on 10/22/21 at 8:51 pm to jimbeam
Are the millionaire kids depriving other kids from getting tops?
Posted on 10/22/21 at 8:55 pm to TDsngumbo
quote:
I stand corrected. I missed the word “income” in the OP.
The numbers in the OP of 11k in 10 years wouldn't have made any sense to you then given how common it is for people to have 1M in net worth.
Posted on 10/22/21 at 9:32 pm to ragincajun03
My recollection is that this program was not originally intended to be a means-tested program but was rather intended to be available to all Louisiana high school graduates who met specific academic requirements. If I recall correctly, the idea was not only to provide tuition for students who needed the financial help, but the program was also designed to keep talented students in Louisiana who would otherwise be drawn to leave the state to attend colleges and universities in other states. This program was considered by some supporters to be targeted to stop the "brain drain" that occurs when the best and brightest students in Louisiana--at least some of whom have wealthy parents--leave the state to attend college elsewhere. Wealthy parents can send their bright high-school graduate children anywhere, but some reasoned that it was better to provide an incentive to keep at least some of these students in-state.
Posted on 10/23/21 at 8:12 am to TDsngumbo
Assets does NOT equal income!!!!
That is the basic fact that keeps getting completely screwed up.
A family farm between land, house and equipment can have a valuation of 1MM but no cash in the bank and no cash flow in some years.
A small business can have 1MM in sales a year, but if inventory and tax eat up 950,000; they have a 5% return of 50,000 to live off of fir an entire year, or about $4800 a month.
This is all very different than a lawyer getting 1MM in W2 income in a year cause they won a big case. That is straight cash/profit (before taxes)
It’s all in how the 1MM is defined and these things seem to never say how it is defined so as to convince the masses of their position.
That is the basic fact that keeps getting completely screwed up.
A family farm between land, house and equipment can have a valuation of 1MM but no cash in the bank and no cash flow in some years.
A small business can have 1MM in sales a year, but if inventory and tax eat up 950,000; they have a 5% return of 50,000 to live off of fir an entire year, or about $4800 a month.
This is all very different than a lawyer getting 1MM in W2 income in a year cause they won a big case. That is straight cash/profit (before taxes)
It’s all in how the 1MM is defined and these things seem to never say how it is defined so as to convince the masses of their position.
Posted on 10/23/21 at 8:14 am to ragincajun03
Tops is a welfare program.
It was a merit award for all of like 1 year
It was a merit award for all of like 1 year
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