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Question. Is it illegal for a player to take a loan from a bank?
Posted on 10/9/14 at 9:15 pm
Posted on 10/9/14 at 9:15 pm
Using their draft status as collateral?
Not that a reputable financial institution would actually finance someone based on draft status. I'm just curious. I know taking a loan from an agent, etc. would be illegal.
Are players allowed to receive pell grants and other subsidies?
Just trying to think of ways guys can get money so they can have nice rims on their booster paid for rides.
Not that a reputable financial institution would actually finance someone based on draft status. I'm just curious. I know taking a loan from an agent, etc. would be illegal.
Are players allowed to receive pell grants and other subsidies?
Just trying to think of ways guys can get money so they can have nice rims on their booster paid for rides.
4
Posted on 10/9/14 at 9:17 pm to Remote Controlled
Yes
Posted on 10/9/14 at 9:17 pm to Remote Controlled
quote:
Are players allowed to receive pell grants and other subsidies?
Yes.
quote:
Using their draft status as collateral?
Only if the bank makes similar loans based on potential future earnings at a payment schedule and other special terms available to the chem major at the same school...
Posted on 10/9/14 at 9:18 pm to Remote Controlled
You'd need to look no further than Colonial Bank.
Posted on 10/9/14 at 10:12 pm to Remote Controlled
Depends on where the bank president went to school.
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