Spending money

You know of this or you heard of this? Is this an NCAA DI school? Are you sure that $500 is just a spending allowance? Please don't mention the actual college.

It is possible to have a positive cash flow of scholly money (after expenses), which drips into the students checking account.

I think when a student/athlete lives off campus and part of the scholly is for room and board it is given as cash or deposited into an account towards those payments.

Scholarship money can cover anything, housing, meals, books, and tuition, so if a player is getting "500" dollars a month it could be for his off campus apartment or other school related costs. It is stated in the LOI how much the player is getting for each allowable thing the school can pay for.

He doesn't have to use the money to pay his rent, or use all of it to pay rent, but it is legal for the school to give him a check to pay for it as long as the LOI states that is part of his scholarship money.

The room and board portion of my son's scholarship (D-1) was a check given to HIM twice a year, made out to him ... AND he could spend as he saw fit. In addition to scholarship monies, all players received a per diem check during post season play (if school was out) plus they were given meal allowance money at the start of road games. All of this is NCAA approved, or was at that time. I know my son's college (and I assume most big colleges) have more than enough money in the athletic coffers to fully fund whatever the NCAA allows.

Pioneer3,
I don't think it's mandatory the money be declared in the LOI because I have seen players receive addition money (over and above the LOI agreement) because the college DIDN'T use their full scholarship allocation, leaving some money to be distributed to the other players. My son received a small $ amount at the end one year because of this.....
Fungo

I just did a quick Google of room & board expenses where my son attended and it was $802.00 per month. So, if a player was on a full ride and after the athletic dept. paid ALL his educational expensed (tuition, books, fees) they could still write him a check for $802 a month and still be within NCAA guidelines as long as they didn't exceed their TOTAL NCAA allowance of 11.7 X the cost of tuition, books, fees, room and board.
Fungo

Because son lived off campus for two years his scholarship amount created an overage (after tuition, books, meals, etc was paid) which he requested deposited into his checking account.

It became HIS spending money because mom and dad paid the rent for his apartment.

Pitchers get the most money and upperclassman, sometimes are through many of their classes but their scholarship money remains the same (if awarded in an amount and not percentage).