OVERVIEW
It is Salvo SC’s mission to provide financial assistance for players in need. An application for assistance certifies that a player will not be able to participate in the club without financial assistance due to severe family financial situations.
All applications will be reviewed in strict confidence. Applicants will be notified of the review panel’s decision in a timely manner. Submitting an application does not guarantee approval.
How to Request Financial Assistance
Applications should be submitted for each child within a household. In addition to completing the application, families are required to submit their previous year’s tax return and proof of any assistance programs in which that family participates. If extenuating circumstances are involved, evidence of these circumstances may be requested.
Awards
Financial assistance awards are offered in four (4) levels. They will be awarded based on multiple criteria given in the application, including but not limited to: household income, other assistance, the number of requests the club receives in a given year, and the amount of funds available in the financial assistance account.
The following levels outline what scholarship awards are available:
Level 1 – 25% award
Level 2 – 50% award
Level 3 – 75% award
Level 4 – 90% award
Salvo SC’s financial aid program does not cover team-specific expenses (travel, tournament fees, etc).
GUIDELINES
AGI = adjusted gross income
| Household / Family Size | If AGI > this column, you do not qualify for FA unless extenuating circumstances | If AGI < this column and > column to right, FA = 25% of club fee | If AGI < this column and > column to right, FA = 50% of club fee | If AGI < this column and > column to right, FA = 75% of club fee | If AGI < this column, FA = 90% of club fee |
| 1 | $63,840 | $63,840 | $47,880 | $31,920 | $15,960 |
| 2 | $86,560 | $86,560 | $64,920 | $43,280 | $21,640 |
| 3 | $109,280 | $109,280 | $81,960 | $54,640 | $27,320 |
| 4 | $132,000 | $132,000 | $99,000 | $66,000 | $33,000 |
| 5 | $154,720 | $154,720 | $116,040 | $77,360 | $38,680 |
| 6 | $177,440 | $177,440 | $133,080 | $88,720 | $44,360 |
| 7 | $200,160 | $200,160 | $150,120 | $100,080 | $50,040 |
| 8 | $222,880 | $222,880 | $167,160 | $111,440 | $55,720 |
| 9 | $245,600 | $245,600 | $184,200 | $122,800 | $61,400 |
| 10 | $268,320 | $268,320 | $201,240 | $134,160 | $67,080 |
| 11 | $291,040 | $291,040 | $218,280 | $145,520 | $72,760 |
| 12 | $313,760 | $313,760 | $235,320 | $156,880 | $78,440 |
| 13 | $336,480 | $336,480 | $252,360 | $168,240 | $84,120 |
| 14 | $359,200 | $359,200 | $269,400 | $179,600 | $89,800 |
Guidelines
Award decisions are based upon the Poverty Guidelines (based on MAGI): 48 Contiguous States (all states except Alaska And Hawaii). The percentage of Financial Aid awarded will be based upon demonstrated overall club need.
| Household/Family Size | 500% | 400% | 300% | 200% | 100% | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | $78,250 | $62,600 | $62,600 | $46,950 | $46,950 | $31,300 | $31,300 | $15,650 | $15,650 | $0 |
| 2 | $105,750 | $84,600 | $84,600 | $63,450 | $63,450 | $42,300 | $42,300 | $21,150 | $21,150 | $0 |
| 3 | $133,250 | $106,600 | $106,600 | $79,950 | $79,950 | $53,300 | $53,300 | $26,650 | $26,650 | $0 |
| 4 | $160,750 | $128,600 | $128,600 | $96,450 | $96,450 | $64,300 | $64,300 | $32,150 | $32,150 | $0 |
| 5 | $188,250 | $150,600 | $150,600 | $112,950 | $112,950 | $75,300 | $75,300 | $37,650 | $37,650 | $0 |
| 6 | $215,750 | $172,600 | $172,600 | $129,450 | $129,450 | $86,300 | $86,300 | $43,150 | $43,150 | $0 |
| 7 | $243,250 | $194,600 | $194,600 | $145,950 | $145,950 | $97,300 | $97,300 | $48,650 | $48,650 | $0 |
| 8 | $270,750 | $216,600 | $216,600 | $162,450 | $162,450 | $108,300 | $108,300 | $54,150 | $54,150 | $0 |
| 9 | $298,250 | $238,600 | $238,600 | $178,950 | $178,950 | $119,300 | $119,300 | $59,650 | $59,650 | $0 |
| 10 | $325,750 | $260,600 | $260,600 | $195,450 | $195,450 | $130,300 | $130,300 | $65,150 | $65,150 | $0 |
| 11 | $353,250 | $282,600 | $282,600 | $211,950 | $211,950 | $141,300 | $141,300 | $70,650 | $70,650 | $0 |
| 12 | $380,750 | $304,600 | $304,600 | $228,450 | $228,450 | $152,300 | $152,300 | $76,150 | $76,150 | $0 |
| 13 | $408,250 | $326,600 | $326,600 | $244,950 | $244,950 | $163,300 | $163,300 | $81,650 | $81,650 | $0 |
| 14 | $435,750 | $348,600 | $348,600 | $261,450 | $261,450 | $174,300 | $174,300 | $87,150 | $87,150 | $0 |
| Salvo Club Fee Financial Aid Award* | 0% | 25% | 50% | 75% | 90% | |||||