Terms & Definitions

Financial Aid

What is Financial Aid?

Financial Aid is a term used to refer to athletic scholarships, merit scholarships and need-based grants received by student-athletes or other sources of aid intended to cover a student’s educational expenses. Of these financial aid terms, one of the most often used is “full-ride” which describes a scholarship that covers the full cost of attendance.

Do student-athletes get financial aid?

Student-athletes may receive athletic financial aid within NCAA maximum limits, and may also receive need-based financial aid, provided they demonstrate sufficient financial need.

Is financial aid different from scholarships?

Financial aid is an umbrella term that can include grants as well as loans. Scholarships typically refer only to grant money

Do all college athletes get full ride scholarships?

No, all college athletes do not receive full ride scholarships. The amount of athletic scholarships can vary based on a number of factors.

How much money is given in athletic scholarships each year?

Over $3.6 billion dollars are spent annually in athletic scholarships for student-athlete

Lyle Adams


Lyle was a member of the 2007 NCAA Men’s Soccer Championship team at Wake Forest. After embarking on a professional soccer career, Lyle transitioned to the tech industry, where he was one of the first 100 employees at Uber, designing platforms and tools for data consumers. Lyle also holds a Master’s in Sports Management from Columbia University.