Eligibility for certain Department of Education funding

(a) In general An institution is not eligible for any Federal funding made available by the Department of Education unless such institution satisfies the requirements of this section, including any requirement included in a regulation promulgated under subsection (e). (b) Education and training An institution shall provide, to each student athlete who receives a grant-in-aid from such institution in relation to participation in a varsity sports team, education and training with respect to the following: (1) Career preparation. (2) Financial literacy. (3) Mental health. (4) Name, image, and likeness opportunities. (5) Nutrition. (6) Sexual violence prevention. (7) Strength and conditioning. (8) The process for transferring to another institution. (c) Medical care For the 4-year period beginning on the date on which an individual graduates or otherwise separates from an institution in which such individual was enrolled, such institution shall pay all the medical costs of such individual in relation to any injury of such individual that occurred— (1) while the individual was a student athlete at such institution; and (2) as a result of participation in a varsity sports team. (d) Grants-in-Aid An institution that provides a grant-in-aid to a student athlete in relation to participation in a varsity sports team— (1) may not reduce the amount of or cancel such grant-in-aid for any reason relating to— (A) athletic ability or performance; (B) contribution to team success; (C) injury; (D) physical or mental illness; or (E) roster management decisions; and (2) during the 10-year period beginning on the date on which such grant-in-aid is initially agreed to by such institution, shall make such grant-in-aid available to such student athlete for purposes of degree completion without regard to whether such student athlete continues to participate in a varsity sports team. (e) Regulations The Secretary of Education may promulgate, in accordance with section 553 of title 5, United States Code, such regulations as may be necessary to carry out this section. (f) Applicability This section shall apply with respect to Federal funding made available on or after the date that is 1 year after the date of the enactment of this Act.