July 7, 20215 yr I saw something pop up on social media so I don’t know how true some of it is. 1) There is a 40k limit on NIL earnings before an athlete must give up their scholarship. I’m not sure how accurate that is or if it’s poorly paraphrased. 2) NIL income could have an impact on pell grants. It could be considered part of household income and thus cause some to no longer receive grant money. Like I said I’m not sure how accurate or how much an impact these things will make. Unfortunately people are just seeing dollar signs and it will be a little bit before you see the impact and pitfalls.
July 8, 20215 yr 3 hours ago, barrel said: I saw something pop up on social media so I don’t know how true some of it is. 1) There is a 40k limit on NIL earnings before an athlete must give up their scholarship. I’m not sure how accurate that is or if it’s poorly paraphrased. 2) NIL income could have an impact on pell grants. It could be considered part of household income and thus cause some to no longer receive grant money. Like I said I’m not sure how accurate or how much an impact these things will make. Unfortunately people are just seeing dollar signs and it will be a little bit before you see the impact and pitfalls. It should have an impact on pell grants. Those are need based. If an athlete is making six figures than he no longer has the same need and it would be robbing another student who would be more deserving of the assistance.
July 8, 20215 yr 7 hours ago, Irish Cat said: It should have an impact on pell grants. Those are need based. If an athlete is making six figures than he no longer has the same need and it would be robbing another student who would be more deserving of the assistance. It may, over time. But those grants are based on income prior to applying for the grant. Also if an athlete is only making between 10-20k for their deals then I'm sure many would still qualify for those grants.
July 8, 20215 yr 1 hour ago, sportsfan41 said: It may, over time. But those grants are based on income prior to applying for the grant. Also if an athlete is only making between 10-20k for their deals then I'm sure many would still qualify for those grants. Wouldn’t it take into account the parent(s) income also? That’s how it was presented to me. Now of course there are ways around that.
July 8, 20215 yr 6 hours ago, barrel said: Wouldn’t it take into account the parent(s) income also? That’s how it was presented to me. Now of course there are ways around that. Unless it's changed, it was one or the other. Not a combined income of parents plus student. That could change in the future though.
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