Michigan Tech is making its first big investment in education for athletes since the NCAA instituted financial aid policies.
The Wolverines have made the move to pay for the school’s football program in three separate phases, starting with a new $5 million scholarship that the school has announced.
Michigan Tech’s football team will receive $5.25 million over five years, starting in 2020-21.
That’s more than the $2.5 million Michigan Tech already has pledged.
The money is part of a $12.5 billion football package, including a $4.5-million, 20-year deal for the football program, which began in 2017.
The Wolverines will use the money to fund a variety of initiatives, including recruiting, facilities, academics and coaching.
The new scholarship will go toward a $15 million endowment fund that will allow the Wolverines to expand to the Big Ten and beyond.
The money will also be used to increase academic resources and fund athletic scholarships for current and future students.