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<blockquote data-quote="Cuyahoga Falls Eers_rivals" data-source="post: 131714777" data-attributes="member: 1759980">Ah, the tawdry other side of the coin flips over allowing athletes to be paid for their name, image and likeness.The more money an athlete gets for NIL the less money the athlete can collect from need-based financial assistance.A two-headed coin.The Free Application for Federal Student Aid will be in direct conflict with the advantage of NIL money. The more you get from NIL the less you are qualified for from FAFSA. In some cases, if it puts the athlete's family over $50,000 for the year the athlete would lose ALL the athlete's FAFSA money!Even if the athlete no longer is making money from NIL by the time the FAFSA reduction hits!Since 48.5% of students on athletic scholarships also receive need-based aid, this is a serious collision of getting money in one pocket and the financial aid taking it out of the other pocket.And 31.3% of scholarship athletes get Federal Pell Grants, which throws $30 billion annually to students.If NIL money puts the athlete’s family above $50,000 a year the FAFSA money goes away completely.This is a slippery slope for families not accustomed to zig-zagging through the tax English maze garden without losing more than they gain with their image money!NIL athletes will need a clever tax accountant more than Donald Trump.NIL Earnings Muddle Financial Aid Calculus for College Athletes – Sportico.com</blockquote>

[QUOTE="Cuyahoga Falls Eers_rivals, post: 131714777, member: 1759980"] Ah, the tawdry other side of the coin flips over allowing athletes to be paid for their name, image and likeness. The more money an athlete gets for NIL the less money the athlete can collect from need-based financial assistance. A two-headed coin. The Free Application for Federal Student Aid will be in direct conflict with the advantage of NIL money. The more you get from NIL the less you are qualified for from FAFSA. In some cases, if it puts the athlete's family over $50,000 for the year the athlete would lose ALL the athlete's FAFSA money! Even if the athlete no longer is making money from NIL by the time the FAFSA reduction hits! Since 48.5% of students on athletic scholarships also receive need-based aid, this is a serious collision of getting money in one pocket and the financial aid taking it out of the other pocket. And 31.3% of scholarship athletes get Federal Pell Grants, which throws $30 billion annually to students. If NIL money puts the athlete’s family above $50,000 a year the FAFSA money goes away completely. This is a slippery slope for families not accustomed to zig-zagging through the tax English maze garden without losing more than they gain with their image money! NIL athletes will need a clever tax accountant more than Donald Trump. NIL Earnings Muddle Financial Aid Calculus for College Athletes – Sportico.com [/QUOTE]

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