Texas Athletic Financial Aid Agreement
Description
How to fill out Athletic Financial Aid Agreement?
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FAQ
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.
The rule passed Wednesday lifted restrictions on other institutional aid programs given by schools, potentially closing a financial gap. Student-athletes may now stack their partial athletic scholarships on more non-athletic forms of financial aid. The rule could make college more affordable.
Athletic scholarships: These are financial aid packages awarded by college coaches and athletic departments for student-athletes who excel in their sport. Partial athletic scholarships can be combined with other types of aid, including academic scholarships, grants and other financial aid.
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.
Fortunately, you can also receive an academic scholarship which, combined with your athletic scholarship, can help pay for your college education much like a full-ride.
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.
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.
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.
