Chase should have got a student loan ..and he wouldn’t have to pay it back at all.
I realize that was a joke; however, there's also a "Pell Grant":
STUDENT-ATHLETES LOOK TO PELL GRANTS TO SUBSIDIZE EDUCATION
When he arrived at Ohio State to play football in 2002 on a full-ride scholarship, Roy Hall had never heard of a Pell Grant. He didn’t know where the extra money his teammates received every quarter came from until someone told him halfway through his freshman year.
Hall, a South Euclid, Ohio, native raised by a single mother, saw his athletic abilities and full-ride scholarship as his way to get an education debt-free. With his father not in the picture and his mother working multiple jobs just to keep their home, Hall said being a student-athlete had plenty of benefits. However, being a full-time athlete on top of a full-time student was a tradeoff.
“Student-athletes don’t have freedom,” Hall said. “We are told what to do, when to do it, how to do it, when to go, when to leave, when to wake up, when to get dressed. You’re told everything.”
That lack of freedom is seen most clearly in a student-athlete’s demanding schedule, Hall said. The inability to work a part-time job on top of practices puts financial strain on some athletes, like Hall, who were already struggling to make ends meet. Finances were often still tight at home, despite being relieved of the burden of paying for school. That’s where Hall said the Pell Grant helped him and his family.
Hall said many of his teammates at Ohio State would send their Pell Grant checks to their families to help out at home. For those that didn’t, the money went towards buying extra food, a new set of clothes or a pair of shoes. Regardless of where the money went, Hall said receiving a Pell Grant was a celebration for every recipient.
“Playing football in high school put me in a position to get a full athletic scholarship, but once you get there, having that day-to-day money on campus is the challenging part,” Hall said.
During his freshman year at Ohio State, the maximum amount a student could receive from a Pell Grant was $4,000 per academic year. Receiving a Pell grant, which one becomes eligible for based on financial need, kept some football players from having to go behind the NCAA and the school to get some extra cash, Hall said.
“What the Pell Grant does is it allows us to not have to do illegal things to make a couple extra dollars, to pay for an outfit or to pay for shoes or to pay for whatever it may be,” Hall said. “The temptation for the football player or the basketball player to sell a jersey or to take a check or cash from somebody illegally is there because they are struggling. They are struggling at home. What do you do when mom is living check-to-check, the lights aren’t on at home and you’re playing for this great university?”
When people think of student-athletes, images of game day and bronze trophies usually come to mind. So does a coveted full-ride scholarship.
The glory they hope to achieve on the field or the court is often supported in part by an athletic scholarship. The reality for many student-athletes, however, is that those scholarships do not cover all their needs. Many athletes need to rely on federal aid, such as the Pell Grant, to get by.
A Lantern analysis found that athletic scholarships are not the only form of assistance that these athletes rely on.
Nearly one in five student-athletes received a Pell Grant during the 2016-17 academic year, according to data obtained through an NCAA financial report.
During the 2016-17 academic year, 47 percent of football players were on Pell Grants at Ohio State and 64 percent of them were on full-ride athletic scholarships as well.
In the high-revenue world of college sports, why are so many student-athletes in need of federal financial aid on top of athletic scholarships to make ends meet?
Entire article:
https://www.thelantern.com/2018/05/student-athletes-look-to-pell-grants-to-subsidize-education/
The problem is that the "student loans" and Pell Grants (I'm pretty sure would) take several months to be processed and approved; and Chase needed the money like today or at least by next week.