According to website, players receive traditional HS coursework with supplemental courses related to managing life as a professional athlete. They also receive college tuition stipend up to $100K if their career does not pan out (in addition to other perks).

I wouldn’t characterize these players as “teen dropouts”. To me it seems like a blue chip program that doesn’t pretend like college academics is the main thing, and accordingly provides more benefits.

https://www.overtimeelite.com/facts