If you're in search of good news, look no further. The Big Ten just announced their intention to, among other protections for student-athletes, ensure that scholarships cover the full cost of attedance and are guaranteed for the duration of a S-A's undergraduate studies. The full statement from the Big Ten follows (also posted on the official Big Ten site with PDFs of the statements referred to in the second paragraph):

ROSEMONT, Ill. – The Big Ten Conference announced today that it has notified the National Collegiate Athletic Association (NCAA) of initial recommendations designed to provide enhanced benefits for student-athletes that are members in good standing with their individual universities as part of the NCAA’s new autonomy governance structure. 

For the past two years, the conference has publicly stated its desire to continue providing student-athletes with an unmatched educational and athletic experience, including comments made by Commissioner James E. Delany at the July 2013 Big Ten Football Media Days, at the Collegiate Commissioners Association meeting on September 25, 2013, at the July 2014 Big Ten Football Media Days, and in statements issued by the Big Ten Council of Presidents/Chancellors on June 1, 2014 and June 24, 2014.

The Big Ten will work to implement the following proposals through individual institutional action, conference-wide action or under the NCAA autonomy governance structure:

• Cost of Education: Redefine full grant-in-aid to meet a student-athlete’s cost of education, as determined by the federal government.
• Multi-Year Scholarships: Guarantee all scholarships. If a student-athlete is no longer able to compete, for whatever reason, there should be no impact on institutions’ commitment to deliver an undergraduate education.
• Lifetime Educational Commitment: Ensure that scholarships are available for life. If a student-athlete leaves a university for a professional career before graduating, whether the career materializes, and regardless of its length, the scholarship will be honored after his or her playing days are complete.
• Medical Insurance: Provide improved, consistent medical insurance for student-athletes. 

The Big Ten has also agreed to address additional student-athlete welfare issues including, but not limited to, health and safety, time demands and comprehensive academic support by way of a “Resolution” that creates a specific pathway and timeline for implementation.

The Big Ten Conference is an association of 14 world-class universities committed to the pursuit and attainment of athletic and academic excellence. Big Ten institutions feature broad-based athletic programs which provide nearly $200 million in direct financial aid to almost 9,500 student-athletes on 350 teams in 42 different sports.

We look forward to working with the ACC, Big 12, Pac-12 and SEC through the NCAA autonomy governance structure toward adoption and implementation of these proposals.

This is huge news and a big step forward for the rights of student-athletes. In addition, that's quite a loaded last line of the statement—the attention now turns to the other Power 5 conferences and the NCAA.