RECRUITING TIPS -WHAT ARE THE DIFFERENT TYPES OF FINANCIAL AID?

WHAT ARE THE DIFFERENT TYPES OF FINANCIAL AID?

For the overwhelming majority of potential college athletes, athletic aid will be the smallest amount of aid given.  Remember, it’s the bottom line price, not how much athletic scholarship money a school gives you, that is most important!  There are four categories of aid (Need-Based, Academic, Athletic, and Leverage). Need Based Aid can come from the government to be used at any school or from the individual school.  It is based on your family’s Expected Family Contribution (EFC, a figure calculated by the US Dept of Education) and can come in the form of grants, loans, and work-study.  Academic Aid is based on a specific College or University’s interest in you and considers your SAT/ACT, GPA, and Curriculum.  Athletic Aid is based on a specific College or University’s interest in you and a specific ability in athletics.  Leverage Aid is based on a specific College or University’s interest in you and the relative offers you may have received from competitive schools.  This type of aid is not need, academic, or athletic- it’s simply business.  The more financial aid offers you have the more leverage you will have.