I personally am of the belief that they ARE being compensated, very well in fact, with free room and board and a great education. A value of anywhere between $30,000 to $60,000 or more a year.
If they are going to be paid though, then let's do it right. Pay them for their performance. Give them pay based on their contribution to the team. If he can't contribute because of, I don't know, let's say a career ending injury, then he doesn't get compensated any more I guess. Pretty much like the real world. Oh, and the scholarship? Let's give that to someone who will appreciate it, a non athlete who would normally have to pay his own way. The "paid" athlete can pay for his education out of his compensation. He won't pay for his education out of it? Hmmm, that's the real problem isn't it? those particular guys aren't in college for an education. They don't want to go to class or study. They are there ONLY as THE stepping stone to the NFL, because they pretty much can't get there otherwise.
This way, we will truly become semi professional. the schools with the greater endowments, making the most money, have the more successful boosters can buy their championships.
Just watching a gentleman on CNBC talk about giving $10,000 to the student athlete for spending. God, there are plenty of people out there working for $10 bucks an hour and supporting their families! $10k is half of what they earn BEFORE they pay their taxes. I still find it amazing that these athletic individuals can afford to "ink" up their bodies like there is no tomorrow and then complain about not having enough money to buy a candy bar. Get serious.
Do I sound angry? Yeah, pretty much. I was born poor and had to pay my own way, working three jobs and then taking on my share of student loans, etc.