Although most athletic scholarships are one-year renewable scholarships, there is a move towards four-year guaranteed scholarships. That’s good news for student-athletes. According to the Indiana Business Journal, the Big Ten made a startling announcement late last month:
“The Big Ten Conference said [Tuesday] that it supports guaranteed four-year scholarships and improved medical coverage for its athletes.
“The league announced in a statement signed [Tuesday] by its 14 presidents that it proposes working within the NCAA structure to provide greater academic security for its athletes by guaranteeing scholarships for four years, even if an athlete can no longer compete or has left for a professional career. Athletic scholarships are typically awarded on a one-year renewable basis.
“The Big Ten also said the Indianapolis-based NCAA must do “whatever it takes” to compensate athletes for the full cost of their college education as defined by the federal government — rather than just tuition, fees and room and board.
“The conference also said it would like to review the NCAA rules on medical insurance and provide more consistent coverage.”