In many universities, varsity status refers to formal recognition as an official competitive team under the school's athletics or academic affairs office. This status often provides benefits such as funding, logistical support, access to facilities, and travel assistance. While funding is guaranteed, it is up to the university’s administrators and athletic offices how much funding is allocated to different sports teams without assurance of equal allocation. It also comes with institutional oversight, which may include requirements on academic standing, codes of conduct, fixed leadership structures, and limits on autonomy in decision-making or membership.