Article II, Section B
Financial Assistance
Assignment of scholarships, grants in aid, or student loans shall be controlled by the faculty through the regularly constituted committee on student loans and scholarships.
Financial Aid and Benefits
Item 1. Institutionally Provided Financial Aid and Benefits
- Scholarships and financial aid are managed through the institution’s regular financial aid process.
- Aid for student-athletes cannot exceed the actual cost of tuition, mandatory fees, books, supplies, room, and board.
Item 2. Athletically Related Expenses
- Institutions can cover expenses related to both intercollegiate and non-intercollegiate athletic competition, including travel, lodging, meals, awards, apparel, and necessary medical expenses.
- Additional ancillary expenses, such as team-building outings and student-athlete leadership activities, are permissible if provided by the institution or its representatives.
- A student-athlete can receive athletic related benefits as issued by a club team or national team.
Item 3. Financial Benefits
- Financial benefits from immediate family or legal dependents are unrestricted.
- Benefits from other individuals (e.g., occasional meals, transportation, gifts) are permissible if unrelated to athletics.
- Cash or preloaded debit cards are prohibited.
FAQs
Q1: What are the differences between financial assistance, financial aid, and financial benefits?
- Financial aid: Institutional scholarships and loans.
- Financial benefits: Additional benefits from the institution or outside parties.
- Financial assistance: Overarching term incorporating both financial aid and benefits.
Q2: Who monitors these regulations?
- Institutions are responsible for ensuring compliance and self-reporting any violations.
Q3: Why are preloaded debit cards prohibited?
- They are equivalent to cash, which cannot be provided to students.
Q4: Can institutions pay for student-athletes’ expenses in conference/national ASA activities?
- Yes, funding for student leadership activities is permissible under Section 2b of Athletically Related Expenses.
Q5: Can teams receive occasional meals?
- Yes, meals incidental to competition or related to team participation can be provided by the institution or its representatives.
Q6: What about financial assistance during natural disasters or emergencies?
- Institutions can provide assistance available to the general student body, and third-party benefits in such cases are not limited.
Q7: What does Item 3 - Financial Benefits, cover?
- To allow common-sense benefits from non-family members.
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