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First, there are no athletic scholarships at Ivies. Being an desirable athlete can certainly help you with admissions, but all financial aid is need-based and is not dependent of the student being able to play, i.e., an injury or something else that ends the student's playing will not affect his FA.
Outside the Ivies at Division 1 or 2 schools there are athletic scholarships, usually those depend on the student actually playing, but they get renewed as long as that's the case. Details may vary though, so good to understand it all going in.
Division 3 does not do athletic scholarhips either, but they have ways of packaging preferential financial aid at D3 colleges that are *not* need-based only schools with regard to financial aid.
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