Tag Archive for: Athletic Financial Aid Agreements

The FAFSA form (Free Application for Federal Student Aid) for the 2022-23 academic year becomes available on October 1.

Here is why you should fill out the FAFSA form even if you don’t think you will qualify based on family income or because your athlete is being offered a substantial athletic scholarship:

  • Some coaches and athletic departments require that the FAFSA be completed by ALL student-athletes.
  • Coaches and athletic departments are trying to stretch their scholarship allotments for each sport as far as possible.
  • Having their athletes qualify for other types of scholarships and aid assistance that might be available is a way for them to do this.
  • That’s true in any year, but even more true now with loss of revenue and fewer donations from alumni at many colleges and universities due to the pandemic.
  • Furthermore, to maximize their financial aid “reach” some colleges have policies that prohibit ALL students (not just athletes) from accepting more than one scholarship or grant so that more students can receive financial assistance.

When your athlete’s recruitment is becoming “serious” with a coach be sure to ask them about campus scholarship policies during a recruiting call or when you’re on a campus visit.

It’s also important to note that some states award financial aid on a first-come, first-served basis so the earlier you apply the better your chances might be to receive some aid.

Financial Aid and Scholarship Issues Can Be Confusing!

For more information on scholarships and financial aid agreements, visit our website: https://informedathlete.com/how-we-help/scholarship-strategies/

If you have questions about your athlete’s specific situation, we provide confidential phone consultations to answer questions and discuss options. Schedule a Scholarship Strategies consult online, or you can send an email to rick@informedathlete.com or call 913-766-1235.

We get many calls and emails from parents of student-athletes asking questions about NCAA scholarships and financial aid agreements.  There’s no doubt about it, athletic scholarship calculations can be hard to understand because of the different types of scholarships and some of the terminology used.

Examples of those differences include:

  • Power Five athletic scholarships compared to a scholarship offered by a Division I non-Power Five program. The nuances of Power Five athletic scholarships are intended to provide more scholarship “protection” to athletes at Power Five universities. But, that’s not always the case.
  • One-year scholarships compared to multi-year scholarships. NCAA Division I teams can provide scholarships that cover multiple years, while Division II teams can only provide scholarships for one year at a time.
  • “Equivalency” sports vs. “Head Count” sports. Equivalency sports are more commonly known as partial-scholarship sports because a full scholarship can be divided among multiple team members, while Head Count sports are considered to be awarding a full scholarship to each athlete who receives one (even though some programs don’t have adequate funding to provide full scholarships).
  • A scholarship that may be reduced or cancelled “during the period of the award” compared with “after the period of the award.” A coach may have the right to reduce or non-renew a scholarship for purely athletic reasons “after the period of the award” but a scholarship can’t be reduced for athletic reasons “during the period of the award.”

Do you Need Help Understanding your Athlete’s Scholarship Offer or Athletic Financial Aid Agreement?

In a confidential phone consultation, we can review your scholarship offer and give you objective advice and information related to your offer.

Examples of this include:

  • Comparing the breakdown of the award and reviewing the financial aid conditions & criteria that must be met to retain the award. (Sometimes the offer is different than the official agreement and that can create problems for the athlete down the road).
  • Reviewing the academic standards required by the school to retain the award. (Are the university’s scholarship requirements higher than what is required by the NCAA?)
  • Considering whether a revision to the scholarship offer might be appropriate.

To schedule a scholarship offer review, schedule a scholarship consultation online or call us at 913-766-1235 or send an email to rick@informedathlete.com.