Scott joins Jahmir Young as a key starter to use their extra year of eligibility for the Terps during the 2023-24 season.
The Terps fell to the top-seeded Crimson tide in the second round of the NCAA tournament to bring an end to coach Kevin Willard's inaugural season.
Hakim Hart and Julian Reese combined for 32 points to help the Terps advance.
The Hoosiers went on a 20-2 run in the second half that eliminated the Terps at the quarterfinal stage.
Young garnered second team honors for the Terps.
The Terps are 2-8 this year on the road after their loss to Ohio State.
The Terps went undefeated at home in Big Ten play and were 16-1 at Xfinity Center this season.
Derrick Walker and Keisei Tominaga scored a combined 43 points as the Cornhuskers downed the Terps in overtime.
Maryland faithful raced onto the hardwood as a hallmark moment in the young Kevin Willard era graced the Xfinity Center floor after the Terps' win over Purdue.
The Terps eased past the conference bottom feeders in their joint largest ever Big Ten victory.