Michigan Athletic Financial Aid Agreement
Description
How to fill out Athletic Financial Aid Agreement?
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FAQ
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.
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.
Scholarships can be taken away. As explained above, until the contract is signed, there is no scholarship. Student-athletes can also lose a scholarship due to injury, although it's more likely that they will be redshirted.
Athletic scholarships are non-guaranteed, financial aid agreements between an athlete and their university. College coaches award these scholarships to athletes based on the coach's perception of their athletic ability. Most scholarships are one-year agreements that must be renewed each year.
Just like you don't need to pay back a grant, you don't need to pay back a scholarship unless you withdraw from school. In some instances, the scholarship terms will require you to fulfill specific requirements such as maintaining a certain GPA or playing on a sports team.
You can lose your athletic scholarship due to injury or poor performance, but as long as you maintain your grades, you will keep your academic scholarship even if you are no longer playing.
Normally, the NCAA doesn't allow coaches to remove or decrease financial aid during the time period agreed upon. For instance, if you received an offer for a one-year scholarship starting in August of 2019 and ending in May of 2020, a coach will normally not be able to take that away from you.
College Scholarships are prizes awarded for the student's academic or athletic achievement, meaning they are completely free so you don't have to pay them back.
Full scholarships cover tuition and fees, room, board and course-related books. Most student-athletes who receive athletics scholarships receive an amount covering a portion of these costs.
Athletic scholarships are usually more valuable as a whole because there are fewer of them available. There are only so many athletes for each school. There may be countless academics. You could earn several small academic scholarships that add up to one sports scholarship.
