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Financial Aid Information for Student Athletes

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 As the parent of a student-athlete it is important that you understand the various aspects of financial aid as well as having access to the NCAA rules and regulations so that you and your student are ready for the journey through college that is ahead as a student-athlete. Below you will find a few links to information that you will need access to in order to ensure a smooth transition for the student-athlelte and for you as a parent as well. 

                                        Are you ready for college next year? 

                   Get your student ready for college with a checklist found HERE

 

Understanding the Cost of College

The costs associated with going to college can be confusing. Check HERE for a better understanding of expenses at DU. This information can be used to calculate what you are looking at in regards to cost for a year here at Davenport. Please be aware that the cost of college will vary based on the school of attendence. This is just an estimate of what charges could be as there may be addtional fees associated with the student's account. 

Applying for Financial Aid 

With a better understanding of what the costs of college are, you now want to look into ways to pay your student's college education. 

The first thing you will want to do is apply for aid by completing a FAFSA. Every year as early as October 1st, you will be able to file your FAFSA. Applying for aid earlier increases a students chances of reciving certain types of limiter aid. In order to file a FAFSA, you will need to create an FSA ID. By going HERE, you are able to create an FSA ID. Both the student and the parent will need to create an FSA ID in order to file the FAFSA. 

Applying for Scholarships 

Davenport also offers scholarships that are set apart from the academic scholarships called foundation scholarships. Private donations are made to the Davenport University Foundation, and those funds are awared to students based on campus location and/or special requirements established by the donors. Apply HERE!

We invite you to apply, and we hope you will! Once you've submitted the application, it will be determined if you meet the criteria and will be considered for our Davenport University Foundation scholarships. If you are selected to receive one of our Davenport University Foundation awards, we will notify you!

Millions of dollars in scholarships are available each year. Start your search online with the State of Michigan website for scholarships offered within Michigan . Use tools like www.fastweb.com or www.scholarshipowl.com to search for national scholarships. Do not forget to check your school guidance office and local libraries and businesses for more opportunities. Scholarships are a great way to help pay college tuition, books, living expenses, and they can reduce the amount you need to borrow or pay out of pocket. You should always maximize the amount of free money you use to pay for college before borrowing. Keep in mind that national scholarships are much more competitive and often times much harder to attain than local scholarships.  

Review Your Financial Aid Awards

A college's financial aid office determines what aid is available to help based on your FAFSA information . Schools will aim to meet as much of your need as possible, but not all schools can afford to meet 100% of your financial need. The financial aid office at DU will put together a financial aid package and send an award letter via mail to you. The aid may come in the form of grants, work study, scholarships or student loans.

When your financial aid package arrives in the mail, read it over carefully. Decide if you want to or need any scholarships or loans that are offered. DU automatically accepts any grants or scholarships on the account for the student as the funds are free monies and do not need to be paid back. If you are awarded a foundation scholarship, you will need to log into your student connection to accept that award. Pay close attention to the letter and read it in its entirety to heed to any instructions the school gives you. You may have to complete additional paperwork to fully receive the award(s).

Your financial aid package may or may not cover your total financial need. If financial need is not entirely met, this unmet need is called a "gap." This means that resources must be found in order to meet the full cost of education. In many cases this will mean additional student and parent loans. Please review our website HERE to view options and to figure out how you will meet the difference.

Standards of Academic Progress (SAP) 

Student-athletes must meet the standards of academic progress (SAP) in order to keep their financial aid. Below you will find an SAP policy overview. To see the complete policy, click HERE.

Requirements to maintain standards:                                                                                                                                                      Cumulative GPA: 2.0- You must be at a 2.0 or above at all times within your overall, not semester, GPA.

Pace (Completion Rate): 67%- This means that 67% of classes you attempt must be completed to stay above the standard. Dropping, withdrawing or failing classes does affect this. Always contact your academic advisor and financial aid before dropping or withdrawing from classes to see how it will affect your aid.

Students are reviewed every semester. The first semester a student falls below standards, they will receive a warning e-mail. Students below standards a second semester may appeal to keep their financial aid.

 

Athletic Scholarships 

 In order to get an athletic scholarship, your student and the coach of the respective sport must come to an agreement on an amount and sign a letter of intent (LOI) with the athletic director. An LOI is a formal letter stating that both the coach of the respective sport and the athlete agree upon the amount that is being offered for the scholarship. The letter then must be signed by the coach, the student, and the director of athletics. Once this is done, the letter is sent to the financial aid office to be processed. Please take time to read the LOI very carefully as not all of them have a monetary value attached. In order to receive your athletic scholarship, you must be enrolled as a full-time (12 credits or more a semester) student and be meeting SAP. Below, you will find FAQS for student athletes. 

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FAQs for Student Athletes

1. HOW DO I GET AN ATHLETIC SCHOLARSHIP?

-In order to get an athletic scholarship, you must come to an agreement with the coach of your respective sport that you will receive a scholarship for playing. Once that agreement is made, a Letter of Intent (LOI) must be signed and sent to the financial aid office.

2. WHAT IS A LETTER OF INTENT (LOI)?

-A Letter of Intent (LOI) is a formal letter stating that both the coach of the respective sport and the athlete agree upon the amount that is being offered for the scholarship. The letter is then signed by the coach, the student, and the director of athletics. Once this is done the letter is sent to the financial aid office to be processed.

**Please be aware that not all Letter of Intent have a scholarship attached. Please carefully review the terms and conditions of your LOI before signing**

3. WHY IS MY ATHLETIC SCHOLARSHIP NOT ON MY ACCOUNT?

-There are a number of reasons your athletic scholarship may not be on your account. You may not be enrolled in enough credits, we may not have a FAFSA on file for you in order to put the scholarship on your account, or we may not have received your Letter of Intent (LOI) from the athletics department. Please contact the athletics department first to make sure theLOI was sent to the financial aid office. If they confirm that is was sent to us, please contact the Financial Aid office with questions.

4. HOW MANY CREDITS MUST I TAKE TO KEEP MY ATHLETIC SCHOLARSHIP?

-Student athletes are required to take a minimum of 12 credits in order to receive their athletic scholarship. If you plan to take fewer than 12 credits, you will need to have approval from your coach sent to the Financial Aid office stating they are permitting you to receive the full amount of your scholarship without being a full-time student.

5. WHY IS MY ATHLETIC SCHOLARSHIP NOT PAYING ON MY ACCOUNT?

-Your athletic scholarship may not be paying due to a number of reasons. You will want to check your student connection for outstanding requirements, to reserve your classes, etc. If you are still having issues you can contact the financial aid office in order to find out why the scholarship did not pay on your account.

6. DO I HAVE TO PAY MY ATHLETIC SCHOLARSHIP BACK?

-No. An athletic scholarship is gift aid and does not have to be paid back.

7. HOW LONG WILL I HAVE MY ATHLETIC SCHOLARSHIP?

-All student athletes are eligible to receive an athletic scholarship for four years per NCAA regulations. Each year your LOI will be renewed with terms agreed upon by the student and their respective coach. 

8. WHY DID I NOT GET AN ATHLETIC SCHOLARSHIP?

-You may not have gotten an athletic scholarship for a number of reasons. You may have signed an LOI that indicated no financial scholarship or we may not have received your LOI from the athletic department.

9. CAN THE FINANCIAL AID OFFICE INCREASE MY ATHLETIC SCHOLARSHIP?

-No. Any increases in your athletic scholarship need to be given to you by your coach. You must sign a new LOI and have it go through the normal process to be awarded the funds.

10. DOES MY STANDARD OF ACADEMIC PROGRESS (SAP) STATUS AFFECT MY ATHLETIC AID?

-Yes. When you are below SAP, all aid on the account is suspended until the SAP Appeal is approved.