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FIGURE 15-1Financial Aid Maximum LimitsCitationIndividualLimitation 1InstitutionalSport LimitationNoNoAcademic honor award 15.5.3.2.2.115.5.3.2.2.2YesYesAid based on athletics ability 15.02.4.1-(a) Yes 2 YesAmeriCorps Program 15.2.5.1-(a) No NoAthletics grant 15.02.4.1-(a) Yes 2 YesAthletics participation compensation 15.1.2-(e) Yes, if eligibilityhas not beenNo 3exhausted 3Dependents Education Assistance Program 15.2.5.1-(f) No NoDisabled Veterans award 15.2.5.1-(b) No No7Educational Expenses—USOC or NGB15.02.4.2-(d)Yes 215.2.6.4Yes 2 YesYes 7Employment 15.2.7 No NoGifts following completion of eligibility 15.1.2-(c) Yes NoGovernment grants, institutionally administered 15.02.4.1-(b)YesYes 415.02.4.3-(c)YesNo15.02.4.3-(d)YesNo 815.02.4.3-(e)YesNo 815.1.2-(a)YesYes 415.2.5YesYes 4Government grants, not institutionally administeredHonorary academic award15.1.2-(a)15.2.515.2.5.115.02.4.3-(a)15.02.6Institutional Employee Dependent Tuition Benefit 15.02.4.1-(a) Yes No 5Institutional grant or scholarship15.02.4.1-(a)15.5.3.2.2.3YesYesYes 4NoLoan, legitimate, repayment schedule15.02.4.1-(a)15.1.2-(f)NoNoNoNoMilitary reserve training program 15.2.5.1-(c) No NoMontgomery G.I. Bill-Active Duty and Selected Reserve 15.2.5.1-(d) No NoOperation Gold Grant 15.02.4.5 No NoKey:1The limitation is equal to the value of the cost of attendance as defined by Bylaw 15.02.2.2This type of aid is limited to the value of a full grant-in-aid.3However, receipt of such compensation renders a student-athlete ineligible for intercollegiate athletics competition (see Bylaw 12).4If considered a counter per Bylaw 15.5 and not otherwise exempted.5Exempt if the student-athlete’s parent or guardian has been employed as a full-time employee or staff member by the institutionfor at least five years.6Institution is limited to providing the value of a full grant-in-aid during summer.7Aid is countable toward a team's limit up to a full grant-in-aid. Additional aid up to the cost of attendance cannot be athleticallyrelated.8Exempt if specific criteria of bylaw are met. Not exempt for purposes of Bylaw 15.5.1.2.9Contributions made by the institution pursuant to the Yellow Ribbon Program are institutional aid.YesYesNoYesYesNoNoNoNoNo15Financial Aid211

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