I hadn't noticed the University profiting at the athletes' expense. The money goes to the athletics department (please correct me if I'm wrong) and is used to fund those sports that do not generate their own revenue. In other words, the 10% or so of OSU athletes in the 'money' programs allow for the existence of the other
800 student athletes
. So... it's the athletes who are ripping off the athletes--not the university.
From what I've seen, the athletes are pretty well taken care of. Tuition, Room and board, and a great education, as well as outstanding coaching (can you say professional development) and an unparallelled opportunity to showcase your wares for the pro scouts. Not to mention top-rate training, medical, and associated support facilities.
The few athletes I knew lived pretty damn well (and yes, within the rules of 'amateur' athletics). Considering what I knew of their academic and financial backgrounds, I'd say they made out better than they ever could have dreamed in the absence of athletics.
I have the utmost respect for you, Hayn, and I'm sure there's a heck of a lot that I don't know about the way these things work (or how they did in your case), so please don't think this is directed at you. All I know is what I base off of a couple of BBall players.
Note: The above numbers are, of course, approximate. We've got about 100 revenue sport athletes, and about 900 athletes overall.
http://ohiostatebuckeyes.cstv.com/genrel/pointsofpride.html