Montana Athletic Financial Aid Agreement

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Multi-State
Control #:
US-1149BG
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Word; 
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Description

Most athletes think a National Letter of Intent is your scholarship. That is not the case. The actual scholarship contract is known as an Athletic Aid Agreement. This contract outlines how much your scholarship will be worth and covers what you must do in order to keep your scholarship. Each school is slightly different, but this is an example of such an agreement.
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FAQ

Division III schools are allowed to send athletes recruiting materials, such as brochures or invitations at any time, unlike Division I. DIII schools can also contact recruits via phone call or any other method at any time with no restrictions.

Division III schools do not offer athletics scholarships. However, 75 percent of student-athletes receive some form of merit or need-based financial aid.

Division 3 colleges do not provide athletic scholarships per se, but instead provide scholarships based on need and merit, like most other universities. That means that parents, with students interested in pursuing a Division 3 athletic career, should familiarize themselves with how merit-based and need-based aid work.

In essence, combining athletic scholarships and financial aid is fully possible with a few exceptions. The key issue is that the NCAA does not want schools providing additional money to athletes that is classified as financial aid for the purpose of bypassing their athletic budget limitations.

The simple reason D3 schools do not offer athletic scholarships is because they want to provide a full college experience. That entails a solid mix of athletics, academics, community, and social life. Their motto is that they want true student-athletes, who can excel in the classroom just as much as their sport.

Athletic Aid Agreements are Athletic Scholarship Contracts The actual scholarship contract is known as an Athletic Aid Agreement. This contract outlines how much your scholarship will be worth and covers what you must do in order to keep your scholarship.

Athletic-Grant-In-Aid: Financial Aid that consists of tuition, books, fees and room & board, note that transportation and miscellaneous are not included in this figure. Counter: An individual who is receiving institutional financial aid that is countable against the aid limitations in a sport.

Policy. Purpose: A consortium agreement is a written contract that enables students to pursue coursework at two institutions simultaneously. Under such an agreement, a student may receive financial aid based on total hours of enrollment at both institutions.

While Division III schools are not able to offer full or partial athletic scholarships, it's important to note that they can provide financial aid to their student-athletes in other ways. In fact, 75% of Division III athletes receive some type of financial aidwhich can be need-based or merit-based.

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Montana Athletic Financial Aid Agreement