According to Aaron Cheslock on WeAreCentralPA.com:
The "410 fund" looks to help Penn State football players repay their student loans after they graduate. Faith Lucchesi-Deboef, the organization's President says it was partly formed in response to the NCAA sanctions against Penn State handed down in July.
"It doesn't have quite the same appeal as maybe curing cancer does, but sports and athletics and education go a long way into creating a good citizen."I have no idea if this violates any NCAA rules, but I don't think the NCAA can regulate what happens after a student graduates. But then again, the NCAA apparently doesn't limit themselves to matters it has no business to regulate. The part about not limiting it to Penn State football players may be a way around the NCAA, ala the NC academic fraud that is being dismissed by the NCAA because any student could have taken those courses.
Lucchesi-Deboef is the founder of the 410 fund. She's a mother of three football players, and says future football players shouldn't have to pay for Penn State's past problems.
It's not just for Penn state, Lucchesi-Deboef says donations can get sent in for any student-athletes leaving any D-1A football program in the country.