Despite misconceptions, athletes in sports ranging from golf to water polo can earn athletic scholarships for college. According to Kathryn Randolph, associate content editor at Fastweb, an online scholarship matching and search service, Athletic Scholarships are rare. Only about 1% to 2% of undergraduate students in bachelor’s degree programs receive sports scholarships. More than 150,000 student-athletes receive around $2.7 billion in athletic scholarships each year, according to the National Collegiate Athletic Association. Here are four myths about athletic scholarships that families should avoid.