Mississippi Athletic Financial Aid Agreement
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How to fill out Athletic Financial Aid Agreement?
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FAQ
Athletic Scholarships as ContractsAn athletic scholarship is basically a yearly contract because it expires at the end of each school year and must be renewed.
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.
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-
Awarded to incoming, first-year, full-time students with at least a 3.5 high school grade point average (GPA) and a 28 ACT (or the SAT equivalent) who will be enrolled in STEM (Science, Technology, Engineering, or Math) majors. See website for majors. Gain admission to The University of Mississippi.
The amount of athletic scholarship money available to you will likely impact the rest of your financial planning for school, which is where you may need to add in financial aid, and we'll discuss this process in depth later on.
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.
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.
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. Schools are not required to enter into consortium agreements.
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.
