LOI is a Legally Worthless Document That Means Virtually Nothing As a practical matter, in legal terms, the Letter of Intent is a worthless and meaningless document. The LOI is a badly flawed legal document. This is because the document is, as one experienced contract law expert put it, "an agreement to agree which is non_binding and non_enforceable as a contract."
First of all, the academics of the school is priority number one. These young kids need to keep in mind that they are Student Athletes. The word student comes before the word athlete, and so should be the emphasis when choosing the right college. Make sure that the college you are choosing has the major and can provide the right subject matter that you are interested in getting a degree in. If you choose a school that has a under achieving Business school, then that may not be the school for you.