This is a moot discussion, at least for W&M. Reveley has already stated publicly that W&M will not provide athletic scholarships that cover the true cost of attendance (i.e., W&M will not provide what some of you are calling "stipends"):
"William & Mary will not offer the full cost of attendance to our varsity athletes -- or free food 24/7 from trucks roaming the campus catering only to varsity athletes, or any other 'autonomy' measures whose effect would be to turn varsity athletes into a privileged cohort apart from other students. It’s very important on our campus that varsity athletes be students in actual fact, not just theory. This means our athletes take the same courses as other students, are held to the same rigorous academic standards, eat in the same places as their fellow students, and take part generally in the larger life of the campus, while simultaneously engaging in serious, successful intercollegiate competition. Varsity sports matter a lot at William & Mary, but always in ways consistent with the mission and nature of the university.
http://www.dailypress.com/sports/fairban...-post.html
Also, some of you have been discussing how Title IX would play into this. Here is a summary. Among its requirements, Title IX requires that the total amount of athletic scholarship aid awarded to men and women must be substantially proportionate to their overall varsity athletics participation rates at the university. This has been interpreted to mean that there can be a 1% variance between the percentage of male and female athletes at a school and the percentage of total athletic aid men and women are receiving.
As an example, assume that 50% of W&M's athletes are men and 50% are women (this counts scholarship and non-scholarship athletes). In this scenario, women must receive at least 49% of the total athletic scholarship aid awarded by W&M. If they are only receiving 48%, W&M is not in compliance with Title IX.
It all depends on what a school's participation and scholarship aid numbers look like, but you can assume that for most schools every dollar that is added for male scholarships will require that a dollar be added for female scholarships. So it's unlikely that schools will be able to award COA scholarships to football and/or basketball players without also doing so for a corresponding number of female athletes. And, yes, "stipends" counts as athletic scholarship aid. So a school can't get around Title IX by calling something a stipend instead of part of an athletic scholarship. It doesn't even matter where the funding for the stipend comes from. A school can't get stipend funding from a booster to avoid Title IX. The booster will just have to provide some $$ for women too. The football power schools aren't going to have a problem coming up with the money needed for COA scholarships. Most are expecting to get it from increased TV revenue, increased ticket prices, and/or increased donations. Many can afford it without finding new sources of revenue.