Villanova University Compliance

Agenda

Review Financial Aid LegislationNewsworthy InterpretationsCompliance Office Procedure Updates

2010-62 Exempted Institutional financial aid –

Federal need-based financial aid

Federal government grants awarded based on a student’s demonstrated financial need are considered exempted institutional financial aid and are not counted in determining the institution’s financial aid limitations, regardless of whether the institution is responsible for selecting the recipient or determining the amount of aid, or providing matching or supplementary funds for a previously determined recipient.

ExampleOld way New wayAthletic Aid = $10,000VU Grant = $20,000Pell Grant = $5,550SEOG = $1,500Total that counts against

your sport = $31,550

Athletic Aid = $10,000VU Grant = $20,000Pell Grant = $5,550SEOG = $1,500Total that counts against

your sport = $30,000

2010-63Exempted institutional financial aid – state

need-based financial aidState government grants awarded

based on a student’s demonstrated financial need, regardless of whether the institution is responsible for selecting the recipient or determining the amount of aid or providing matching or supplementary funds for a previously determined recipient is not included in the institution's financial aid limitations.

ExampleOld way New WayAthletic Aid = $10,000VU Grant = $20,000PHEAA/STATE =

$1,500Total that counts against

your sport = $31,500

Athletic Aid = $10,000VU Grant = $20,000PHEAA/STATE =

$1,500Total that counts against

your sport = $30,000This aid is not exempt in determining a student-athlete’s counter status for football or basketball varsity competition legislation.It must be administered in accordance with the federal methodology for determining a student's financial need, i.e. the total cannot exceed need.

2010-64Exempted institutional financial aid- state merit

based financial aidState government merit-based grants are

considered exempted institutional financial aid and are not counted in determining the institutions' financial aid limitations regardless of whether the institution is responsible for selecting the recipient or determining the amount of aid, or providing matching or supplementary funds for a previously-determined recipient, provided the aid is awarded consistent with the criteria of the legislative requirements of an academic honor award or institutional academic scholarship and has no relationship to athletics ability;

2010-65Definition of recruited student-athlete for

purposes of Bylaw 15 – Financial AidWas provided an official visitHad an arranged, in-personWas issued an NLI or written offer of aid.

Notice – Phone calls are no longer tied to Financial Aid.

2010-67 Exempted Government GrantsTo exempt benefits received by student-

athletes under the Post-9/11 G.I. Bill, including aid from Veteran Affairs and the Yellow Ribbon G.I. Program, from counting toward a student-athlete’s individual limit or the institution’s financial aid limit

2010-67 Exempted Government GrantsVillanova Athletics Grant = $4,000Yellow Ribbon VA Benefits = $2,000Villanova Matching Yellow Ribbon VA Benefit

= $2,000

What counts against the student limit and the sport limit?

$6,000 – The athletic grant and the Villanova Matching Contribution because both are VU funds

2010-69-BFinancial Aid from an established and

continuing programTo specify that a student-athlete may receive

financial aid through an established and continuing program to aid students provided: The recipient’s choice of institutions is not

restricted by the donor of the aid There is not a direct connection between the donor

and the student-athlete’s institution

2010-70Exception for aid in the summer

A student-athlete who had not received athletically related aid from the certifying institution during a previous academic year may receive athletically related financial aid to attend summer school, provided the student-athlete has been awarded athletic aid for the following academic year and the aid awarded in the summer is in proportion to the aid awarded for the next academic year.

Immediate

2010-71Exception to one year period of award for

graduatesA student-athlete who graduated during the

previous academic year (including summer) and will exhaust his or her athletics eligibility during the following fall term may be awarded athletic aid for less than one academic year.

2010-72Reduction or cancelation of financial aid –

release of athletic aidBefore becoming a counter, if a PSA is

awarded institutional financial aid unrelated to athletics that is of equal or greater value than his or her signed award of athletically related financial aid, the PSA or SA may, on his or her initiative, release the institution of its obligation to provide the athletic aid.

2010-73Required GPA for exemptions of counter

status and countable institutional aidIn order to exempt institutional financial aid

that is awarded to transfer students (or renewals for current students) based solely on the recipient’s academic record at the certifying institution, the gpa must be a 3.00.

Also reduces the gpa for “institutional academic aid only” for football and basketball

2010-75Grant-in-aid limitations-Equivalency

computations-calculation of booksTo increase the financial aid equivalency figure

for calculation purposes for books from $400 to $800.

EFFECTIVE AUGUST 1, 2012

Financial Aid - BooksOld way New WaySoccer Aid= $ 10,000Books = $400Fees = $580Total = $10,980

Freshmen Cost = $52,640

=20%

Soccer Aid = $10,000Books = $800Fees = $580Total = $11,380

Freshmen Cost = $52,640

=21%

2010-78Football limitations – Counters – Midyear

ReplacementIn football, to specify that an initial counter

who replaces a midyear graduate may be counted against the initial limit for the year in which the aid is awarded (if the institution’s annual limit has not been reached ) or for the following academic year

New Interpretations

PSA Observing Practices & MeetingsPSA Observing Practices and Meetings

Coaches cannot engage in practice activities with a PSA, however this does not preclude a PSA from only observing an institution’s on-field or on-court practice sessions (including those closed to the general public), regardless of whether he or she has signed a NLI or given a deposit. PSA’s may NOT observe off-field or off-court practice sessions (meetings, film review) that are closed to the general public if they have signed a NLI or made a deposit.

Post Up is a senior in high school and signed a NLI with College USA in November. Post is a finalist for a few awards, but he needs a few letters of recommendations for the awards committee to review. Post asks the Head Men’s Basketball Coach at College USA to write a letter of recommendation for him. Is this permissible?

NO. 13.2.1 (offers and inducements) and 13.10.2 (comments prior to signing) would preclude an institution’s coach from writing a letter of recommendation on behalf of a PSA

Alumna or Alumnus Participating in Occasional Practice Session with Former Institution’s TeamIt is permissible for an alumna or alumnus of

an institution (former student-athlete) to participate in an occasional practice session with a member institution’s intercollegiate athletics team, provided the institution does not publicize the participation of the former student-athlete in the practice session.

The softball coach at Ocean State University is very interested in Force Out, a junior prospect in high school. The coach wants to make sure Force knows how interested she is, so she sends an email to Force’s high school coach indicating that Force will be offered a full scholarship to attend Ocean State University. Is it permissible to send such an email to Force’s high school coach?

NO. Indirect Written Offer of Aid Before Signing Date.

Prior to August 1 of a PSA’s senior year in high school, it is not permissible for an institution to indirectly (through relatives, friends, coach, anyone responsible for directing an activity in which a PSA is involved) provide a written offer of athletically related financial aid or indicate in writing to the PSA that a grant will be offered.

Updates!www.villanova.com/formsAll have been updated in Adobe. You may save/print/email these forms.If you have issues, call Katie.

New Policy for Entertainment Money on Official VisitsIn order to receive any entertainment money

for official visits:Itineraries need to handed in and approved.Any activities (movies, bowling, going to the

mall, pizza) that require use of the entertainment money will need to be on the itinerary.

All activities need to be arranged = on the itinerary.

Advancement Request will need to indicate you are using the money for official visit entertainment.

Have a great day!