Looks like the answer is in here:Schools are on the hook to "pay for tuition, fees and books for ... players who left school and returned later to the same school to earn their degree."
Any time frame here? Are schools required to accept them?
Division I schools will be required to pay for tuition, fees and books for men’s and women’s basketball players who leave school after two or more years to turn pro but later return to that same school to work toward completing their degree. Basketball players will be eligible for financial assistance to complete their degree if fewer than 10 years have passed since they left school.