Literature Review

Clifford Stumme

INDS 400

1 February 2021

Financial Literacy of NCAA Division-I Football Players 

 

Topic: How do mandatory financial literacy programs positively impact NCAA Division-I football players during and after their time in college. 

Sample: NCAA Division-I football team. The Liberty University Football Team will be used as the sample for this assignment. 

 

Independent Variable: Provide all members of the Liberty University Football Team with a pre and post financial literacy assessment.  

 

Dependent Variable: To select a 75 member core group of the Liberty University Football Team to present a comprehensive financial literacy presentation after the pretest and before the post test.  

 

Hypothesis: The 75 members of the Liberty University Football Team who participated in the comprehensive financial literacy presentation will score higher on the posttest than the players who did not participate in the financial literacy presentation. 

 

Research Question: Do mandatory financial literacy programs positively impact NCAA Division-1 football players during and after their time in college? 

 

Disciplines Incorporated: Sport Management and Business 

 

Justification: Mandatory financial literacy programs positively impact Division-1 football players because there is currently a lack of basic financial skills in young adults. Division-I football players receive stipend, cost of attendance, and potentially other grants that provide them with a substantial amount of money each month. Without having the proper knowledge of how to spend it or how to save it, football players are making key financial mistakes. By using a Sport Management and Business perspective, this research will be able to focus on the tendencies of NCAA Division-I student-athletes, as well as the best financial literacy practices to help them be successful during and after school. 

 

 

 

References

https://search.proquest.com/docview/2295960349?pq-origsite=summon#  

https://journals.iupui.edu/index.php/jlas/article/view/22301  

After feedback from my professor, I have decided to change my topic. The topic I chose to research is, “How do mandatory financial literacy programs positively impact NCAA Division-I student-athletes during and after their time in college?”

The purpose of this journal article is to understand that the NCAA student athletes’ benefits of having a cost of attendance(COA) are very important to students enrolled in school; covering many different expenses such as off campus meals or any specific item they are needing while on scholarship. Each institution has a different amount of money allotted to give to each student athlete on scholarship.

Citation: Tutka, P. M., & Williams, D. (2017). The Expensive Truth: The Possible Tax Implications Related to Scholarship and Cost of Attendance Payments for Athletes. Journal of Legal Aspects of Sport, 27(2), 145-161. doi:10.1123/jlas.2016-0008

Another article I found that will help me with my research is one that dives into the importance of NCAA student athletes being financially healthy and not being worried while attending their collegiate years as a student athlete. An example the article mentions is that some student athletes have lower financial stability than others; making it hard for them to feed themselves or provide extra spending money.

Citation: Mccoy, M. A., White, K. J., & Love, K. (2019). Investigating the financial overconfidence of student-athletes. Sport, Business and Management: An International Journal, 9(4), 381-398. doi:10.1108/sbm-10-2018-0091