Quotes below from the USA Today article:
Quote:redefines an athletic scholarship so that it can cover not only the traditional tuition, room, board, books and fees, but also the incidental costs of attending college.
In my understanding this means something like below.
2014-15:
costs (tuition, room, board, books, fees): $10,000
scholarship: $10,000
Refund: $0
2015-16 (incidental cost of living expenses determined to be $3,000):
costs (tuition, room, board, books, fees): $11,000
scholarship: $11,000 + $3,000
Refund: $3,000
The athlete now has $3,000 cash in his checking account that he can do with as he or she pleases.
Unless they're going to make an attempt to control that somehow, which I haven't seen anything on that yet. That could be something like giving them a monthly check rather than a lump sum refund. Or perhaps it would go on a special credit card that can only authorize certain purchases.
Quote:The change occurred under new governance setup that allows the Atlantic Coast, Big 12, Big Ten, Pacific-12 and Southeastern conferences greater autonomy in rules making. The vote by the 65 schools and 15 athlete representatives -- three from each of the five conferences – allows, but does not require, all Division I schools to award these so-called cost-of-attendance scholarships in all sports.
What this means for the two schools I cheer for:
Minnesota - being a wealthy B1G school and having what I assume to be one of the higher COL being in a large, urban center, they may now be able to offer recruits one of the highest COL dollar amounts among the B1G. Recruiting advantage? If Wisconsin and Iowa can only offer $2,000 and Minnesota can offer $5,000 ... that's money on the table.
NDSU - I'm not certain if they will offer the COL. There's also a chance that the MVFC and Summit conferences could dictate that their respective members may not institute the COL, if not all members can afford it.