; (2) recommended model budgets for student athletes based on the estimated cost of attendance for the academic year and any grant-in-aid received by the student athlete; and (3) information relating to the potential tax implications of entering into a name, image, or likeness contract. (c) Travel and medical expenses (1) Trust fund (A) In general The organizers of any revenue-generating collegiate-level tournament or playoff shall deposit not less than 1 percent of annual gross revenues from such events into a trust fund (referred to in this subsection as the Fund ), to be managed in a manner determined by the National Collegiate Athletic Association, for the purpose of covering the costs of— (i) in the case of a student athlete who is a dependent, travel to sporting events for members of the immediate family of the student athlete; and (ii) in the case of a former student athlete, all out-of-pocket medical expenses of such athlete that are not covered under paragraph (2)(B), until the later of— (I) the date on which such athlete attains the age of 28 years; or (II) 8 years after the date on which the eligibility of such athlete for intercollegiate athletics expired. (B) Eligibility of former student athletes To be eligible to receive amounts from the Fund under subparagraph (A)(ii), a former student athlete shall— (i) not later than 7 days after the date on which the last regular season of the sport of such athlete ends, complete an exit physical examination with the institution of higher education