Rhode Island Athletic Financial Aid Agreement
Description
How to fill out Athletic Financial Aid Agreement?
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FAQ
College Scholarships are prizes awarded for the student's academic or athletic achievement, meaning they are completely free so you don't have to pay them back.
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.
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.
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.
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.
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.
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.
