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What is a National Letter of Intent? The NLI is a binding agreement between the student-athlete and the college that, when signed, indicates the student-athlete has agreed to attend the chosen college for one academic year and the college has agreed to provide athletic financial aid for one academic year.

The following is a checklist of matters to be considered in drafting a contract for the employment of an athlete: Names of parties. Addresses of parties. Statement of hiring. Term of contract. Duties and obligations of athlete. Attendance at training camp. Amount of compensation. Times at which compensation payable.

The NCAA does not recognize or even track verbal commitments between athletes and colleges. The only time an athlete can officially commit to a college is during the signing period, when they sign their national letter of intent.

Recruiting terms A verbal commitment happens when a college-bound student-athlete verbally agrees to play sports for a college before he or she signs or is eligible to sign a National Letter of Intent. The commitment is not binding on the student-athlete or the school and can be made at any time.

An effective debt collection letter should include all of the following: The total amount the client owes you. The original date the balance was due. Instructions detailing how to make the overdue payment. The new due date, whether a specific date or as soon as possible.

Don't provide personal or sensitive financial information Never give out or confirm personal or sensitive financial information ? such as your bank account, credit card, or full Social Security number ? unless you know the company or person you are talking with is a real debt collector.