I believe it's just for football, at least at the moment.
The most infuriating part about this whole conversation about "paying players" is a fundamental failure for most people to either understand or acknowledge two things:
1. Cost of Attendance, or "COA" is a number that applies universally to every student at every school. It is the basis upon which financial aid is awarded at each college and university. COA includes tuition, room, board, books, fees, and (here's the important part) reasonable living expenses for a student attending that institution.
2. Until this proposal was approved, athletic scholarships did not include that last part - the cost of living expenses, as calculated at each institution, upon which financial aid is calculated/awarded for every other student at the institution. So, if you were a football player in season, and you couldn't have a job, and your parents couldn't just write you a check every week so that you had spending money, you literally had no reasonable way of paying for things like pizza, movies, and pencils. And it would be illegal for me to buy a player a slice of pizza, a ticket to a movie, or a pencil.
Players aren't getting paid to play - they are now just getting legitimate full scholarships based on the school's COA, which they weren't getting until now, even though most people probably assumed they were. I've never been an advocate of paying players like Spurrier originally proposed, but I've always been a strong advocate for awarding scholarships that cover full COA.
News articles like this are stirring the pot for idiots who don't understand COA, and who think that Tennessee players are getting "paid to play" more than players at Alabama. My honest-to-god fear is that football factories like Alabama will now actually raise their COA to compensate their players at a higher rate, even though that impacts the tens of thousands of other students and how much they are inclined to borrow, with interest.