The sophomore was discovered with marijuana by Penn State Police on August 8.
The award is Allar's second of the week, after he was named Big Ten Offensive Player of the Week.
The Nittany Lions were also ranked No. 4 in the TopDrawerSoccer poll.
Saturday's game featured a stellar performance from sophomore quarterback Drew Allar and strong play from the team's wide receivers and defensive secondary.
"He's always calm, collected and ready to go. When I see Drew like that, I know we're going to be good."
James Franklin named the sophomore the starter over Beau Pribula Tuesday.