Post by alum on Aug 1, 2016 13:16:30 GMT -5
This discussion started in the context of a thread on women's lax. I am restarting it in hopes of getting more attention.
I was looking at the College's Common Data set for other reasons when I noticed under financial aid that "need based" and "non need based" athletic aid are broken out separately. In 2015-16, they were approximately $3.6 million and $6.1 million respectively. www.holycross.edu/sites/default/files/files/planningandspecialproj/cds_2015-2016.pdf In 2014-15, on the other hand need based was $5.7 million and non need based was $3.1 million. I have to assume that this has to do with moving football from need based to non need based in the past few years. For 2015-16, at $58,000 annual cost of attendance, that would suggest 105 non need scholarships which football and women's and men's hoop together use up 86 (per PP) leaving 19 for other sports. What I don't have a firm grasp on is the "non need based" aid. I know that it can be used to replace loans with grants in some cases. Is there any other use? Since the College claims to meet 100% of need, it seems like loan replacement should be the only purpose, but the non need amounts would generate too many loans or is it that once a student gets the loan replacement, all aid received is lumped into this category? Do "poor" kids get "need based" while "rich" kids get non need based? Does the fact that the money is "need based" affect the student athlete's rights as to renewal of the aid?
Does anybody know how this works? (I am just curious. I have no kids looking for athletic money.)
I was looking at the College's Common Data set for other reasons when I noticed under financial aid that "need based" and "non need based" athletic aid are broken out separately. In 2015-16, they were approximately $3.6 million and $6.1 million respectively. www.holycross.edu/sites/default/files/files/planningandspecialproj/cds_2015-2016.pdf In 2014-15, on the other hand need based was $5.7 million and non need based was $3.1 million. I have to assume that this has to do with moving football from need based to non need based in the past few years. For 2015-16, at $58,000 annual cost of attendance, that would suggest 105 non need scholarships which football and women's and men's hoop together use up 86 (per PP) leaving 19 for other sports. What I don't have a firm grasp on is the "non need based" aid. I know that it can be used to replace loans with grants in some cases. Is there any other use? Since the College claims to meet 100% of need, it seems like loan replacement should be the only purpose, but the non need amounts would generate too many loans or is it that once a student gets the loan replacement, all aid received is lumped into this category? Do "poor" kids get "need based" while "rich" kids get non need based? Does the fact that the money is "need based" affect the student athlete's rights as to renewal of the aid?
Does anybody know how this works? (I am just curious. I have no kids looking for athletic money.)
