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