Only 4 years are guaranteed and good standing is not impacted by competitiveness (or health) of the athlete. Athletes would have to agree to transition to an academic scholarship and may lose out on some academic support, etc as well.
FYI, below are some of the reasons scholarships can and cannot be reduced or cancelled. Basically, it is a 4-year agreement, but once a degree is complete, the scholarship obligation is, too. Otherwise, it is only personal choice or misconduct that reduces or cancels a scholarship, not performance or injury.
TENDER OF FINANCIAL AID
DURING ACADEMIC YEAR 2020-21 THROUGH 2024-25
This tender may be immediately reduced or canceled during the period of this award per NCAA Bylaw 15.3.4 if I:
Render myself ineligible for intercollegiate competition;
Fraudulently misrepresent any information on an application, letter of intent, or financial aid agreement;
Engage in serious misconduct warranting substantial disciplinary penalty, as determined by Northwestern University’s regular
student disciplinary authority;
Engage in conduct resulting in a criminal charge(s) subsequent to signing this agreement;
Violate a documented institutional rule or policy (e.g., academics policies or standards, athletics department or team rules or
policies);
Voluntarily withdraw from a sport at any time for personal reasons;
Withdraw from the institution at any time (even if I reenroll at the institution during the same academic year);
Receive countable aid that causes me and/or my team to exceed NCAA financial aid limits; and/or
Complete my degree requirements and athletics eligibility prior to the termination of the award period indicated on page 1 of
this document.
Athletics aid may be canceled during the period of this award if I complete my initial baccalaureate degree
requirements.
Tender will not be reduced or canceled during the period of the award per NCAA Bylaw 15.3.5, nor may it be
reduced or nonrenewed for the following academic year per NCAA Bylaw 15.3.5.2:
On the basis of my athletics ability, performance or contribution to the team’s success;
Because of an injury, illness, or physical or mental condition (except as permitted pursuant to Bylaw 15.3.4); or
For any other athletics reason