Scholarships
ICAAA is committed to ensuring that student-athletes and artists receive the financial support they need to excel in both academics and extracurricular activities. By strategically allocating revenue and securing sponsorships, we aim to build a sustainable scholarship system that benefits both students and universities.
How ICAAA Funds Scholarships
ICAAA generates revenue through TV and digital broadcasting rights, sponsorships, ticket sales, and merchandise. A significant portion of this revenue is reinvested into student scholarships and university infrastructure development to enhance the collegiate arts and athletics ecosystem.
Scholarship Distribution & University Support
- 25% of the total revenue will be allocated to universities for infrastructure development, helping institutions upgrade their sports and arts facilities.
- Another 25% of the total revenue will be allocated to student scholarships, ensuring financial support for participants.
- All sponsorship funds will be routed through ICAAA, ensuring transparency and fair distribution among universities and students.
Performance-Based Scholarships & Bonuses
To reward excellence and incentivize competition, ICAAA provides additional scholarships and bonuses:
- Conference Champions Bonus: The top three universities in each of the eight conferences will receive additional funding based on their performance:
- 1st place: 0.5% of total revenue
- 2nd place: 0.4% of total revenue
- 3rd place: 0.3% of total revenue
- MVP Scholarships: The top three Most Valuable Players (MVPs) in each conference will receive an additional monetary scholarship as a reward for their exceptional contributions.
Direct Student Scholarships
- Participation-Based Scholarships: 25% of the total revenue will be distributed equally among all participating students, ensuring that every student-athlete and artist benefits from ICAAA’s support.
- Scholarship Payments: Each student will receive an equal amount as a monthly payment for 10 months, helping them manage their academic and extracurricular expenses.
- Additional Academic Scholarships: Students demonstrating excellence in both academics and arts/sports will be eligible for exclusive academic scholarships, further reinforcing ICAAA’s commitment to holistic student development.
Through this model, ICAAA ensures that universities receive the necessary funding for growth, and students are financially supported throughout their collegiate journey. Our goal is to create an ecosystem where talent, effort, and dedication are rewarded, allowing students to pursue their dreams without financial constraints.