TIP of the WEEK
TIP of the WEEK
This week’s tip deals with individuals who are not related to a student-athlete and co-sign/act as a guarantor on a loan for that student-athlete.
Jamie Langston is enrolling in college and will be a member of the Jingle State Turbomen baseball team this fall. A postal worker, Myron Larabee, is very pleased that Jamie, who bestowed upon Myron a very hard to find doll a decade ago, has chosen to attend Jingle State University. So, Myron has decided to help out the family by co-signing on Jamie’s student loans. Does this constitute an NCAA violation?
ANSWER: Yes. When an individual who is not related to a student-athlete co-signs or acts as a guarantor on a loan for that student-athlete, an NCAA violation has occurred. In the eyes of the NCAA, this is an extra benefit. The purpose of this restriction is to prevent coaches, staff, and boosters from becoming involved in financial assistance as well as to prevent the appearance of impropriety. Thus, in this case, although Myron’s intentions are good and noble, his action is an NCAA violation. If you have any questions, contact the Compliance Office at 831-6358 Ask Before You Act
This week’s tip deals with individuals who are not related to a student-athlete and co-sign/act as a guarantor on a loan for that student-athlete.
Jamie Langston is enrolling in college and will be a member of the Jingle State Turbomen baseball team this fall. A postal worker, Myron Larabee, is very pleased that Jamie, who bestowed upon Myron a very hard to find doll a decade ago, has chosen to attend Jingle State University. So, Myron has decided to help out the family by co-signing on Jamie’s student loans. Does this constitute an NCAA violation?
ANSWER: Yes. When an individual who is not related to a student-athlete co-signs or acts as a guarantor on a loan for that student-athlete, an NCAA violation has occurred. In the eyes of the NCAA, this is an extra benefit. The purpose of this restriction is to prevent coaches, staff, and boosters from becoming involved in financial assistance as well as to prevent the appearance of impropriety. Thus, in this case, although Myron’s intentions are good and noble, his action is an NCAA violation. If you have any questions, contact the Compliance Office at 831-6358 Ask Before You Act
