For the buyer to pursue financing. The financing process takes times and banks require either an LOI or purchase agreement as part of the loan package. So an accepted LOI is a critical component to securing financing.
Cosigners other than parent or legal guardian must be approved in advance _ If for some reason the student_athlete's parent or legal guardian is not available to cosign the NLI (death, incarceration, etc.), the person selected to cosign the NLI must be approved in advance by the NLI office. The name of the person selected to cosign and their relationship to the student_athlete must be submitted to the NLI office to gain approval. THIS PERSON CAN NOT BE A COACH OR ATHLETIC ADMINISTRATOR.