In Division I athletics, athletically related financial aid can be offered to prospects in a varitety of ways. In all cases, athletically related financial aid is offered to prospects as either a partial or full scholarship.
Two Types of Scholarships
A full scholarship includes tuition and mandatory fees, room, board and required course-related books.
A partial scholarship includes parts of a full scholarship, which equals a percentage of a full grant-in-aid.
Period of Institutional Financial Aid Award
If a student-athlete receives athletically related financial aid, the period of the award shall neither be awarded for a period less than one academic year nor for a period that would exceed the student's five-year period of eligibility.
Eligibility for Institutional Financial Aid
A student-athlete must meet applicable NCAA, conference adn institutional regulations to be eligible for institutional financial aid. If the regulations are met, the student-athlete may be awarded athletics aid during any term in which a student-athlete is in regular attendance under the following conditions:
The student-athlete is carrying for credit the courses necessary to complete degree requirements; or
The student-athlete is carrying for credit all the degree-applicable courses necessary to complete his or her degree requirements that are offered during the designated term.
Non-Institutional Financial Aid
If a student-athlete is receiving financial aid from an outside entity, there is a possibility that the financial aid could count as athletically related financial aid, and therefore need to be added to the student-athlete's financial aid limit. If a student-athlete receives outside financial aid, it is required that they report it to their compliance office to assure they do not exceed their financial aid limit.