Education
Student-Athlete Stipend (Cost of Attendance)
Recording a cash payment to a scholarship athlete for living expenses.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Student Aid Expense: Stipends | Expense (+) | 1,200.00 | - |
| Cash in Bank | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
Beyond free tuition, some student-athletes receive a 'Cost of Attendance' stipend to cover personal expenses. This is an operating expense for the athletic department.
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