Re: Just a question & couple of comments

[jon breiner]

Thanks, Mike.  I almost replied with the same.  My wife has taken some
undergrad classes and also got her MBA.  The undergrad was completely free
but the MBA I had to pay taxes on as Mike described.  The great thing though
is that it was then deductible as an educational expense because it was not
required by her work to keep her job but would improve her performance.
That made her UC MBA (a great MBA by the way:
http://www.enquirer.com/editions/2004/04/07/biz_deltamba07.html) almost
free!

Jon



----- Original Message ----- 
From: "Lieberman, Michael (lieberma)" <address@hidden>
To: <address@hidden>
Sent: Friday, April 09, 2004 8:28 AM
Subject: RE: [UC Basketball] Just a question & couple of comments


> Actually, for undergraduate students the tuition costs are not considered
> earned income; it is if the child went for a professional degree (law
> school, pharmacy, med school).  But the point is that while free tuition
is
> a benefit for those who work at UC for their children, the costs of
housing,
> food, books, transportation, and fees are still not covered, and those
costs
> used to exceed tuition (but may not after the latest rise in tuition).
>
> Mike Lieberman
> 513-558-5645
>
> -----Original Message-----
> From: Holdheide, Brad [mailto:address@hidden
> Sent: Friday, April 09, 2004 8:16 AM
> To: 'address@hidden'
> Subject: RE: [UC Basketball] Just a question & couple of comments
>
> Just to clarify for everyone, just because your mother works for UC
doesn't
> mean you get to go to school for free.  Classes are free, BUT Mike's
mother
> would get charged the price of the classes as earned income and be subject
> to pay the taxes on that income at the end of the year.  So essentially,
her
> income for the year would increase by 10k without her actually getting
that
> money (since it went towards Mike's classes) and now she'd owe tax on
that.
> Additionally, there's the cost of books, room and board, food, and other
> miscellaneous items that scholarship athletes get for free.
>
> My estimate is that Mike would still have to pay for over 60% of the costs
> to attend college.
>
>
>
> -----Original Message-----
> From: John Adams [mailto:address@hidden
> Sent: Friday, April 09, 2004 12:01 AM
> To: address@hidden
> Subject: [UC Basketball] Just a question & couple of comments
>
> I thought I read somewhere on the forum that Pilgrim`s mother works at UC
> and was thus
> eligible to attend UC for free.   If this is true, why would he need a
> scholarship.   If what I
> thought I read was in error, please let me know.
>
> I read the item about a possible PG recruit-----Jihad Mohammed-----.   At
> this point in time,
> he might be a great player, but what a s**t name.   The media would have a
> field-day with
> that name especially If he should be a problem child.  If I were a coach,
I
> would bypass this one.
> But I`ll probably take some flaming on this but that is my opinion.
>
> I hope we sign Loften, everything I`ve read about him is positive.   He
may
> not be super-quick but
> he can really shoot the ball.   Similar things were said about another
point
> guard we signed about
> 5 years ago and he turned out to be quite a player=Steve Logan.