10 responses

  1. Shaun
    August 6, 2012

    Great article! Scholarships that are merit based are just that — merit based. People who want to live in a non-merit world have a very broken philosophy. Some need based is certainly understandable — but so is the merit based stuff. We need both.
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  2. freefrombroke
    August 4, 2012

    From what I understand he earned the scholarship so he's entitled to it. By keeping it it's up to him to keep his grades up in order to stay in the program, no? That's a great lesson in personal responsibility. If Combs paid for it then there's that missing layer of responsibility.

    How many kids of high level bankers have gotten scholarships that no one blinks an eye over? The uproar here is because the recipient is the son of someone famous.
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    • URFinanceSimple
      August 4, 2012

      I agree with you 100%. I doubt he has to keep up the grades to keep his scholarship, this is an athletic scholarship and not an academic one, but I your point is still very valid. On Sat, Aug 4, 2012 at 3:00 AM, YFS <yourfinancessimplified@gmail.com> wrote: approve

  3. Josh @ Live Well
    July 27, 2012

    If he got the scholarship through hard work and good grades, he's entitled to it. However, he could generate some excellent feel-good PR by donating it to someone genuinely in need (that is if the source of the scholarship allows him to).
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    • URFinanceSimple
      July 27, 2012

      Unfortunately, I don't think he can donate it. He could deny the scholarship and have his father pay for school (if he wants too). I he did that his father will get all the PR anyway and none of it will be as helpful (tax or or wise) than giving the money away via his own charity. I think he should take the scholarship and not feel bad about his accomplishments despite being from a rich family.

  4. Karola
    July 26, 2012

    It is a shame if they want to get a scholarship while they are millionaires. With the huge amount of money, they should be social responsible and don't misuse the college scholarship system.
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    • URFinanceSimple
      July 26, 2012

      There is a big difference between. We'd based and merit based scholarships.

  5. Christian L.
    July 25, 2012

    I don't mind that Justin earned the scholarship. And I don't mind that P. Diddy has done quite well in the entertainment industry. Usually I cannot stand to give even my closest friends advice, unless of course they ask that of me.

    But I wonder a few things in this situation. What would I do if I were as fortunate as Justin? How classy would it be if he made it public how he appreciated the scholarship, but approached UCLA and the NCAA and asked that they find another elite athlete to bring to the school with the scholarship?

    Now, I get there's likely red tape in the way of just handing over a scholarship. It sure would be a classy move, and that's not to say accepting the scholarship makes Justin or P. Diddy less classy.

    All in all, i couldn't be more apathetic about the situation. I seldom keep up with celebrity news. But it was fun to chime in here!

    -Christian L. @ Smart Military Money
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    • URFinanceSimple
      July 25, 2012

      “How classy would it be if he made it public how he appreciated the scholarship, but approached UCLA and the NCAA and asked that they find another elite athlete to bring to the school with the scholarship? “I don't think it would have made people like him any more or less. To me I think it's more telling that he went out there and did something on his own instead of rely on his father to support him. Also, I think he was only in the news because his father is publicly wealthy and ostentatious. There are tons of wealthy kids in scholarships, but nobody says anything about them. I'm sure if we went down the list of scholarship recipients from the top ten IVY league schools we will see Families who's wealth far exceed Diddy's and their Children on scholarships.

  6. addvodka
    July 25, 2012

    Not to play devil's advocate, but I would definitely NOT compare that to when American's were mad about the Oprah thing – they were just being selfish and ridiculous in that case, but it is somewhat justified here, if you really stop and think what the purpose of scholarships are (or, were meant to be).
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