If we know anything about NCAA rules, they are meant to be broken, or at the very least bent to their breaking point. I would assume if you decided to use the financial aid package rather than a scholarship, the recruit would need to be admitted to the University just like a normal student and pass through admissions like a normal student. But since we think so highly of ourselves and the kids we recruit, how they are great students and all - I would have to think that there are some out there who could get in on there own, and then use this financial package rather than a scholarship.
Of course - the majority of our student-athletes, especially in football and basketball do not meet the minimum requirements to be admitted on their own. That is not a knock on them, just the facts. And history has shown that for the most part these kids can handle the academic requirements of the University. But again - this is more a football issue, since they have to spread scholarships around to field a team.