According to the Lantern (Ohio State’s student newspaper), Austin Hylander didn’t actually make his big shot within the allotted 30-second time period. However, they’re going to allow him to keep his prize: one year of free tuition.
Here’s the link to the OSU story and here’s the link to the Observer’s original story.

“He isn’t phased at all by the news.”
oops! A proofer is needed at the Lantern.