Prater, who has three years of eligibility remaining, appealed to the NCAA that his transfer to Northwestern was based off personal reasons surrounding his family.
"It's been a long road so first and foremost I want to thank God for the chance to play football and do what I love," Prater said in a statement to the media. "I feel blessed for the opportunities I've found at Northwestern and am excited to get back on the field this fall. My family is very important to me so it means a lot for them to be nearby while I play football and earn my degree at Northwestern. I'm thankful for this decision from the NCAA and am ready to be on the field with my teammates when this season begins."
The decision comes more than six months after the petition for a waiver was filed to the NCAA. Prater and those close to him remained optimistic that the process would work to his favor.
"Kyle has worked extremely hard since coming to Northwestern to prepare himself for this season and it's great that he will be rewarded for that effort," said NU head coach Pat Fitzgerald. "We're happy to see him return to the football field and get the chance to play in front of his friends and family here in Chicago.
Prater currently resides in Evanston with fellow wide receiver Tony Jones and new full-time starting quarterback Kain Colter. The three will be part of what could be one of the Big Ten's best passing attacks.