15.02.6 Period of Award. The period of award begins when the student-athlete receives any benefits as a part of the student's grant-in-aid on the first day of classes for a particular academic term, or the first day of practice, whichever is earlier, and continues until the conclusion of the period set forth in the financial aid agreement. The period of award may include summer terms or academic year interim terms (e.g., mini-term, J-term) at the certifying institution. The period of award of a multiyear grant-in-aid awarded to an individual may include one or more academic years of no athletically related financial aid after the first academic year in which athletically related aid is provided, including the final year of the award (e.g., 50 percent in year one, zero percent in year two, 50 percent in year three; 50 percent in year one, zero percent in year two, zero percent in year three). An athletics grant-in-aid shall not be awarded in excess of the student-athlete's five-year period of eligibility. (Revised: 10/27/11, 9/29/15, 11/14/22, 1/11/23, 6/6/25 effective 7/1/25)