What a student with a full scholarship has

• Nepotism benefit, maybe
• 37-Down follower on a calendar
• Deadbeat's hope
• Easy time
• 1973 hit for the Edgar Winter Group
• Benefit obtained without cost
• Full scholarship, e.g
• Dire outcome of participation having no consequences?

Wiktionary Word definitions in Wiktionary
vb. (context sport English) To snowboard without goals or rules.