JT Barrett -- Loses Football Scholarship ... Says Urban Meyer

If J.T. Barrett thought being suspended for next week's OSU game sucked, try paying Ohio State University's tuition ... 'cause OSU head coach Urban Meyer announced the QB will "forfeit his scholarship for a term."

As TMZ Sports previously reported ... Barrett was arrested Saturday morning for operating a vehicle while intoxicated. Ohio State University quickly suspended Barrett for this week's game.

But, OSU wasn't done ... 'cause Urban Meyer just said Barrett will ALSO lose his athletic scholarship for a semester ... though he didn't specify which semester.

FYI -- Ohio Sate runs about $27k per semester for an out-of-state student ... in other words, it ain't cheap.