NCAA to distribute $18.9M to help pay cost-of-attendance scholarships
COA stipend each athlete is allowed to receive:
1. Tennessee
$5,666
2. Auburn
$5,586
3. Louisville
$5,202
4. Mississippi State
$5,126
5. Texas Tech
$5,100
6. Penn State
$4,788
7. TCU
$4700
8. Oklahoma
$4,614
9. Oklahoma State
$4,560
T10. BYU
$4500
T10.Indiana
$4,500
T10. Mississippi
$4,500
12. Wisconsin
$4,316
13. Texas
$4,310
14. South Carolina
$4,151
15. Kansas State
$4,112
Cost Of Attendance (COA)
The NCAA will be making a new distribution of $18.9 million to Division I schools to help them pay for cost-of-attendance-based scholarships, additional food that can be made available to athletes or various academic projects, the association’s chief financial officer said Monday.
Each of the nearly 350 Division I schools will get an equal share of the money, meaning the schools will receive about $55,000 apiece, Kathleen McNeely said during a session at the National Association of College and University Business Officers’ annual meeting.
In a separate interview with USA TODAY Sports, McNeely said this pool of money will be in addition to the more than $500 million the association now annually distributes to Division I schools and conferences. It will begin in the NCAA’s 2015-16 fiscal year, which starts Sept. 1, and in the future will receive the annual inflationary increases that the NCAA’s other revenue distribution pools receive. The first payments from the new fund will occur in June 2016, McNeely said.
The NCAA Board of Governors — the association’s top policy-making group, which is mainly comprised of CEO’s of Division I schools — quietly approved the new distribution in January.
