Chasing Athletic Scholarship Dreams Can Be a Costly Mistake

Camps. Equipment. Travel to tournaments. Recruiting fees. It’s expensive to have a high school student-athlete in your home. But who doesn’t dream of a full-ride scholarship to your child’s dream school? Here’s an athletic scholarship reality check to help you make the right spending choices for your family.

A high school football player runs the stairs in a football stadium.
(Image credit: Getty Images)

At 6’2” and 230 pounds, Dylan is a football coach’s dream. An offensive lineman, Dylan has fantastic footwork and excellent field awareness. Currently, a sophomore in high school, Dylan dreams of playing Division 1 football on a full ride.

Emma is an exceptionally fast point guard and natural team leader. She holds her high school’s record for most points scored during a season. Emma loves basketball and hopes that a sports scholarship will pay for the private college that is financially out of reach of her family.

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Carson Partners offers investment advisory service through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. Carson Coaching and CWM, LLC are separate but affiliated companies and wholly owned subsidiaries of Carson Holdings, LLC. Carson Coaching does not provide advisory services.


This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Erin Wood, CFP®, CRPC®, FBSⓇ
Senior Vice President, Financial Planning, Carson Group

Erin Wood is the Senior Vice President of Financial Planning at Carson Group, where she develops strategies to help families achieve their financial goals. She holds Certified Financial Planner, Chartered Retirement Planning Counselor and Certified Financial Behavior Specialist designations.