Financial Literacy-College Student Athletes

Learning Objectives

After completing this course you will have a better understanding of the following:

• Recognize Financial Basics: Gain a comprehensive understanding of key financial concepts, including budgeting, saving, investing, and debt management.
• Explore NIL Opportunities: Learn about the evolving landscape of NIL rights and opportunities for college athletes, including the legal framework, rights management, and potential revenue streams.
• Evaluate NIL Sponsors: Develop the skills to critically analyze NIL Sponsors, including assessing compensation structures, licensing, and endorsement agreements.
• Financial Planning: Create personalized financial plans tailored to individual career trajectories and long-term goals, considering factors such as sport longevity, earning potential, cash flow management, and post-athletic career prospects.
• Risk Management: Recall the uses of insurance and exposure to all forms of risk.
• Ethical Considerations: Explore ethical considerations and responsibilities associated with financial decision-making as a college athlete, including maintaining amateurism, compliance with NCAA regulations, and protecting personal brand integrity.

Major Topics

• Define working definition of financial terms.
• Define methods and strategies for managing NIL revenue and expenses.
• Receive digital resources for NCAA NIL guidelines.
• What financial expenses and risk does a College Student Athlete have during a college sports career?
• Receive templates to create personal budgets, financial goal setting, and asset management.

Who Should Attend

All grade levels of student athletes who have remaining eligibility. So, this could include undergraduate and graduate student athletes.

Fields of Study

Prerequisites

There are no formal prerequisites for this course; however, a basic understanding of financial concepts and an interest in sports business and management are beneficial.

Level