I am in compliance and recently dealt with this issue. There is some confusion regarding this issue because the NCAA did recently overturn the regulation that allows an athlete to transfer to another school to play after a degree is earned. However, the regulation that seems to be causing confusion is related to football. A baseball player may transfer with eligibility left after a degree is earned. New legislation that was passed last August does not consider this a transfer. However, the student athlete must still obtain a release and cannot talk to a coach until such is granted. A school would be hard pressed to find a reason not to grant a release to a SA who is seeking to transfer to another school for graduate work. There are exceptions to this rule - a conference, as mentioned can refuse to allow such a transfer. In other words, a player leaving the Univ. of Michigan with a degree may not be able to transfer to the University of Illinois for graduate school and play a final year because the Big 10 may have a "sit-out" rule of one year for inter-conference transfers. The Ivy League does not allow athletes to compete after a degree is earned and the NAIA will not allow a SA to transfer with a degree. The NAIA will, however allow a SA to compete at the same school after a degree is earned. In summary, the SA who will earn a degree and then move on to grad school to complete eligibility is treated just as a non-degree transfer student, but the move to the new school would not be considered a transfer.