re: What would you choose, 50K and pay taxes or 250K and pay no taxes?

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If you attended a school without athletic scholarships hard to get one for playing sports.

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If the school wants a player they get them a scholarship.
It might be academic, citizenship.....but they find money for a player they want. I would be willing to bet that most players in the Ivy League have some type of financial assistance that covers most if not all of their expenses. I know of a kid that went to an Ivy League school to wrestle,and he got money.