“The May 2009 Congressional Budget Office report accurately states that tax-exempt status is granted to colleges and universities that meet their educational mission.  NCAA student-athletes graduate at a higher rate than their counterparts in the general student population across almost all demographics—highlighting that without question NCAA member institutions are meeting and exceeding that standard for tax-exempt status.  Often the discussion regarding revenue from commercial activities in intercollegiate athletics fails to acknowledge the compatibility with the use of such revenue toward meeting the purpose of the tax exempt status – the education of student-athletes.  Intercollegiate athletics provides $1.5 billion annually in scholarships to student-athletes, many of whom would otherwise likely not be able to attend college and get an education.”