Countable & Non-Countable Aid
There are two types of financial aid – "countable" aid, which is included in individual and team financial aid limits, and "non-countable" aid, which is financial aid that can be received without impacting individual and team financial aid limits. Student-athletes and coaches should always check with the Compliance Office before a student-athlete accepts any non-athletics aid, as any aid that a student-athlete receives up to the value of a full grant-in-aid may impact a student-athlete’s equivalency value. In addition, individual student-athletes may not receive countable financial aid in excess of the Cost of Attendance.
Examples of "countable" aid:
- Government grants where the recipient or amount may be determined by Indiana State University
- ANY scholarships or aid programs awarded through Indiana State University
- Financial aid awarded through an established and continuing outside program (e.g., National Football Foundation, National Merit Scholarship, etc.) for the recognition of outstanding high school graduates in which athletics participation may or may not be a major criterion
Examples of "non-countable" aid:
- Legitimate loans, based upon a regular repayment schedule, available to and administered on the same basis for all students
- An "academic honor award" for outstanding academic achievement for incoming freshmen based upon the student athlete’s high school academic credentials
- An "institutional academic scholarship for continuing student athletes" provided it is based upon the candidate’s academic record at Indiana State University and is determined by competition among the students of a particular class or college at the University.
In order to document any exemption from financial aid "not counting," there must be on file a "Equivalency Exemption or Non-Counter Certification Form." This form can be obtained from the Compliance Office and must be filled out and verified by that Office as well as the Director of Academic Services before the award can be exempted.
