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It's neither a fraction of tuition or the cost of attendance.  If any athletic money is offered in D1, it must be at least 25% of a "full grant in aid", also termed an equivalency.  That's tuition, fees, room/board, and a fixed amount for books.  The COA is a term used in federal need based aid, and the COA is typically a couple of thousand or more dollars than a full grant in aid.

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