I learned yesterday that even if a student has a full ride and other scholarships. That certain rules prohibit the student to receive the reward, because the check has to be signed to the university no matter what. I was informed it was due to regulations. So the student will never use that money or see it. The University now has the right to it. There are situations that the check can be made out to the student, but my friend got bamboozled and he did not know. He has a full ride, because of football. He also has an impeccable academic history. So he received other scholarships. Well one of the organizations that awarded him a 10,000 scholarship wrote it out the check to the university. Obviously he has a full ride, so it is not going towards his tuition and now its the property of the university and he can not get it back.
So if you have a full ride and receive other scholarships ask the organization if they can write the check out to you. Parents reading this inform your kids.
I don’t know all the ins and outs for full ride athletic scholarships, but probably he can’t “double dip” because it would be an easy way for athletes to get money under the table…thru phony outside scholarships.
Either way, all scholarships must be reported to one’s college, even if the check is made out to the student. Many entities will not simply put the check in the child’s name w/o stipulating that the check has to go to the school.
I know that checks have to be reported to the college. I have never heard of the term double dip before. It doesn’t make sense to me that if he has a full ride then why do they need the 10,000 check. The check was from a verified community organization that always give 10,000 every year to a student in the community going to college. Meant to spread out over the course of 4 years for either books, dorm (things of that sort). In the past if the student did notice these fund then they were given back to the student, but they changed the rules this year. If the check is made out to the school no matter how big or small they don’t have to refund it back to the organization or student.
The school,has provided an award to,the student. The scholarship, which MUST be reported to the school, actually sounds like it would make scholarships in excess of the cost of attendance.
This is not news. Schools do not give scholarships in excess of the cost of attendance.
I’m not sure what you expected? It sounds like your net costs to the college have not changed.
Sounds like the school is properly reducing its own award to the student by $10k and using the scholarship to go toward tuition, etc. since his need has decreased by $10k due to the outside award.
If his award is really a football 100% ride, he can’t accept the money and the college will just send it back to the original donor. The only extra money a footbalL player can accept is a Pell grant and now some schools will also grant a stipend (depends on the conference).
Even if the check was made out to him, if he didn’t report it to the school he’d be in violation of ncaa rules and put his football scholarship, and the program, in jeopardy of sanctions. Athletes can’t take outside money without approval.
I assume by “they” you mean the school. Let me flip this: if your friend already has a full ride, then why does he need the $10,000 check, which is meant to pay for educational expenses? His educational expenses are already fully covered!
As Madison85 notes, if the school is keeping the $10,000, what they are doing is reducing your friend’s scholarship from the school by the same amount. This frees up $10,000 of school money to give to some other deserving student.
^^ If it is a full football scholarship, the school can’t keep the scholarship and re-award the football money. Football scholarships can’t be split among several players at the D1 level. The school can’t award this player’s outside scholarships to another student (it is not the school’s money to redistribute, it is a payment to this student’s account that the school cannot apply). The school can’t rebate the $10000 to the student as an overpayment. I’m assuming D1 because the OP said it was a full ride, and it’s not that common to have a true full ride at a D2 school on just athetic money. At a D2 school, the student could probably keep the outside award if it didn’t cause him to exceed total COA.
If it is a different sport or football at a D2 level, then yes, the school might reduce the school’s athletic award and give that to another team member IF the student hadn’t yet signed the letter of intent and the ‘Grant in Aid’ letter. A school cant reduce the grant in aid once signed for that year. If it is a sports related scholarship (OP said it was academic but it could be sports related, like ‘football player with highest gpa’), that scholarship would still be counted against the team total so it becomes hard for the school to reduce this student’s athletic money and redirect it to another athlete durine that year. It is easier for the school to just have the student reject the outside scholarship.