Can you combine scholarship and financial aid?

It's a great question, and we've included a detailed response below. The short answer is that, in most cases, a scholarship won't affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.

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Athletic Financial Aid Agreement

South Dakota Athletic Financial Aid Agreement

Q: Can colleges take back athletic scholarships?

Normally, the NCAA doesn&#039;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.

Q: Can you combine scholarship and financial aid?

It&#039;s a great question, and we&#039;ve included a detailed response below. The short answer is that, in most cases, a scholarship won&#039;t affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.

Category:

Contracts - Sports

State:

Multi-State

Control #:

US-1149BG

Format:

Instant download

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

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.

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. Most other financial aid, given from sources outside of the school, is permissible to be combined with athletic scholarships.

An athletic scholarship is basically a yearly contract because it expires at the end of each school year and must be renewed.

A student-athlete may receive institutional financial aid based on athletics ability, outside financial aid for which athletics participation is a major criterion and educational expenses awarded up to the value of a full grant-in-aid, plus any other financial aid unrelated to athletics ability up to the cost-of-

It's a great question, and we've included a detailed response below. The short answer is that, in most cases, a scholarship won't affect the financial aid offered by a college. Instead, it will help to cover costs not already paid for by financial aid, and is therefore of great benefit to the student.

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-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.

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.

Also, filling out the FAFSA may work to your advantage since you may qualify for more financial aid than you thought. Even if you have a full athletic scholarship, it only covers the cost of tuition, some fees, room, board and your books. You'll still have to pay for your student fees, parking, snacks and late fees.

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.