Receiving financial aid

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Hoping to take your skills to the college arena with some scholarship help? Then you need to know the NCAA rules and regulations for receiving financial aid as a student-athlete-because if you don't comply, you can kiss your athletic eligibility goodbye.

Below are some NCAA R&Rs regarding financial aid, according to the Guide for the College-Bound Student-Athlete.

1. What exactly is financial aid?

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By Sarah Gearhart

Hoping to take your skills to the college arena with some scholarship help? Then you need to know the NCAA rules and regulations for receiving financial aid as a student-athlete-because if you don't comply, you can kiss your athletic eligibility goodbye.

Below are some NCAA R&Rs regarding financial aid, according to the Guide for the College-Bound Student-Athlete.

1. What exactly is financial aid?

Financial aid is funds provided to help you pay for your education.

2. What are the different types of financial aid?

Scholarships, educational grants-in-aid, tuition waivers and loans are all forms of financial aid. D-I and D-II schools are allowed to award athletic scholarships, among other types of financial aid. And although D-III colleges and universities are not allowed to present athletic-based financial aid to student-athletes, they can provide other financial aid(e.g. academic scholarships or need-based aid).

3. What exactly does it mean if I'm awarded an athletic scholarship?

Athletic scholarships, which are available in limited numbers, are awarded and renewed on a yearly basis for a maximum of five years. Any scholarship-full or partial-may be reduced or cancelled at the end of each year.

4. What do I have to do to keep my scholarship?

Most schools require you to maintain a certain grade point average. If you sustain a career-ending injury, some colleges may not renew your athletic scholarship. Check with individual schools for the specifics.

5. What can I use my athletic scholarship for?

Depending on the amount of your award, your scholarship can be used for tuition, housing, meal expenses and the purchase of required course-related books.

6. Can I receive additional financial aid if all of my expenses are not covered by my scholarship?

Any financial aid you receive must comply with the NCAA's rules on amateurism. If you receive aid not administered by your school, you may no longer be eligible to compete in intercollegiate athletics. Check with your coach and college/university to find out if you can accept other scholarships.

For more information about eligibility requirements, check out www.ncaa.org.

 


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