FINANCIAL AID INFORMATION: 2016/2017
OVERVIEW
The Sun Valley Figure Skating Club will offer two financial aid programs for youth
(18 years and younger) for the 2016/2017 season: one for the Club’s “Skate With US”
programs and another for individuals skating at more senior levels. The Club’s
Board will organize an independent financial aid committee to review all
applications and select the recipients. An applicant’s personal financial information
will not be reviewed by any SVSFC members; rather the Club will appoint an
independent representative to review and provide guidance to the committee.
“Skate with Us” Financial Aid
The Club will provide financial assistance to eligible skaters who would otherwise
be unable to participate in one of the learn-to-skate programs offered by the Club in
the fall and spring. Those interested in the program will need to submit a completed
application by the deadline, as well as a recent student report card. Applicants can
apply for up to 100% of the tuition cost.
SVSFC Individual Scholarships for Youth
For skaters who are interested in pursuing skating at a higher, more competitive
level, the Club is offering individual scholarships to help defray costs, including
competition entry fees, ice time, travel expenses and equipment. Each scholarship
will be capped at $1,000. To be eligible, figure skaters must have passed their
preliminary Freeskate test, and ice dancers must have passed their Pre-Silver test.
All applicants must have been an SVSFC in good standing or a minimum of one year.
Applicants will need to provide:
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Completed application
Skater statement of need
Proposed use of funds and amount requested
o Equipment
o Ice Time
o Clinics/camps
o Travel (Juvenile FS or Juvenile Dance level and above only)
o Competition/Testing Fees (Juvenile FS or Juvenile dance level and
above only)
Two letters of recommendation
Financial aid info – past year’s federal tax return and form with
assets/liabilities information
Recipients agree to report back to SVSFC once/year on scholarship use.
Recipients, or recipients’ parents if under age of 13, must volunteer a
specified number of hours /year.
FINANCIAL INFORMATION EVALUATION
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All tax returns and financial information will be sent directly to a designated
SVSFC representative.
The Club’s Board will select this representative, who will then evaluate and
rank applicants’ financial need and provide rankings to the financial aid
committee. Applicants will be ranked 1 through 5 (1 being very little need
and 5 being a significant need).
All financial information will be considered confidential; no SVSFC members
will see tax returns or forms.
FINANCIAL AID COMMITTEE
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Consists of 3-5 community members, ideally with some knowledge of figure
skating
No Club Board members
No coaches
New committee formed each year
All members must recuse themselves if conflict arises with an applicant
Club Board member will administrate program
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Committee meets once a year, in mid-September
PROGRAM APPLICATION TIMING
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Scholarship applications due September 1st. Committee reviews and makes
selections prior to Learn to Skate’s first session.
Scholarship program to be promoted during summer competition and month
of August.
DISTRIBUTION AMOUNT
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SVSFC Board to evaluate and determine maximum amount to be distributed
each year. Decision to be made at April or May Board meeting.
Amount does not HAVE to be distributed – only if qualified applications are
received.
SVSFC will publicize what the total maximum amount is that may be
distributed for that year. Maximum total amount to be distributed for
2016/2017 will be $2,500.
Individual Scholarship program will have a maximum amount that each
skater may apply for; for 2016/2017, the maximum amount is $1,000.
SVSFC Board will make every effort to replenish the Skater Support Fund
each year with amount distributed or more.
Skater Support Fund will ALWAYS remain a separate account from the Club’s
general operations account.
Skater Support Fund will include an accounting of who received scholarships,
amount, and for what purpose.
OTHER
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Recipients, or recipients’ parents if under age of 13, must volunteer a
specified number of hours /year.
Recipients and recipients’ parents agree to be ambassadors for the Club and
behavior should be befitting of such.
Payments to individual scholarship recipients are made directly to vendor,
not to recipient or parents, except for travel where expenses are reimbursed.
Scholarships may be rescinded if behavior is unfitting of a Club
representative or terms of scholarship agreement are not met.