NCAA regulations limit the amount of financial aid a student athlete may receive. “Financial aid” refers to funds provided to student-athletes from various sources to pay or assist in paying their cost of education at the institution, including athletic scholarships, federal grants, state grants, and outside financial awards (e.g. Lions Club, Rotary Club, BOEP).
Eligibility for Athletics Scholarships
In order to qualify for an athletics scholarship, a student-athlete must meet all applicable NCAA, conference and institutional regulations for receiving such financial aid (e.g., be a qualifier or a partial qualifier as a freshman student-athlete). A student-athlete may receive up to five years of athletically-related financial aid within six years of initial full-time collegiate enrollment.
There is no guaranteed four-year athletics scholarship in Division I. An athletics scholarship is awarded for one academic year but it may be renewed at the end of each academic year.
If a student-athlete is receiving an athletics scholarship, he/she will be notified by the institution’s financial aid office by July 1 whether his/her grant has been renewed for the upcoming academic year. In the event that his/her athletics scholarship is not renewed, he/she will be provided a hearing opportunity to challenge the nonrenewal.
A student-athlete may receive outside scholarships or grants but they must be declared with the university to determine whether the student-athlete exceeds his/her limit on financial aid. A student-athlete who is awarded an outside scholarship where athletics participation is a requirement (e.g., booster club scholar-athlete award for student-athlete with the highest GPA) must receive approval from his/her athletics department prior to accepting the scholarship.
A student-athlete may receive earnings from legitimate on- or off-campus employment during the academic year and during school vacation periods. Prior to employment, the student-athlete must sign a written statement also signed by his/her employer stating:
(a) the student-athlete’s employment compensation does not include any remuneration for value or utility that he/she may have for the employer because of the publicity, reputation, fame or personal following due to athletics ability;
(b) the student-athlete will be compensated only for work actually performed; and
(c) the student-athlete will be compensated at a rate commensurate with the going rate in the locality for similar services.
For more detailed information about the permissible types of student-athlete employment, visit www.ncaa.org.