We are starting to get very good interest for our 2014 son with one offer given and a visit planned in the next 2 weeks to receive another. A third and fourth may not be too much later. All of this is good, but there seems to be some confusion amongst parents and HS coaches about money...
What types of money can be offered and how are they used/counted/viewed by the NCAA? If I know what the schools can do according to the NCAA, then I can also tell what the schools are willing to do based on their own internal rules. Here are a few examples...
Athletic money is the easiest from our perspective. The offer we have is for a % of the total cost of attendance and was given as a $ amount, but we were told that it would "float" with the total cost of attendance.
Academic money starts to get confusing. At one point, there was "non-countable" money. This is money that can be offered in addition to the athletic money and does not "count" against the baseball scholarships. There were academic standards defined by the NCAA that had to be met for anyone entering the school and had to be maintained to keep it. Those standards were a certain core GPA, class rank and test score (I think). In late 2011, they opened the standards up a bit, but I was told that they closed them lately and that there was legistlation coming again. Does anyone know for certain the current status?
Need-based money is given by some of the very high academic schools that are also very expensive. This is calculated based on parents income and some of the privates schools with large endowments are very willing to give this money as well. Does this count against scholarships?
Alumni/Legacy money is another. It seems that if your grandad graduated from a certain school, there can also be money offered by the school for the grandson. How is this viewed?
Our son has very good grades and should have offers from 2-3 high academic D1 schools. We also can work the need-based money pretty well and will welcome it, so much of the scenarios above can be in play with us.
Thank you for any clarity you can offer!
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