Date of Award


Document Type


Degree Name

Bachelor of Science


Mathematical Economics

First Advisor

Maia Linask

Second Advisor

Shakun Mago

Third Advisor

Michael Kerckhove


In 2015, the National Collegiate Athletic Association (NCAA) allowed “Cost of Attendance” (COA) stipends to be offered to athletic recruits for Division I schools. These stipends are intended to allow schools to grant aid to student-athletes beyond a full-ride scholarship to cover additional costs imposed on student-athletes. These stipends created an opportunity for the “Autonomy” Power 5 programs to utilize a competitive tactic to try to win over the top recruits. There is evidence that these COA stipends have caused an increase in the estimated cost of attendance reported by the university. This paper examines if the COA stipends have any relationship with financial aid offered to non-student-athletes by the institution. Using a logistic regression and propensity scoring to create treatment and non-treatment groups, along with a difference-in-differences regression, I test for a relationship between the 2015 policy and the percentage of students receiving institutional financial aid. I find that there may be some evidence of a negative correlation when looking comparing the Autonomy Power 5 schools to the non-treatment group. However, when comparing all Division I football schools to the nontreatment group, no significant relationship was found. Inferences for explanations of these effects are included in the Discussion/Conclusion section.