From DSC:
If you are a parent and you have hopes of your son(s) or daughter(s) obtaining athletic scholarships, your days may be numbered. I come from an athletic scholarship background and I’m glad that I do. However, the days of athletic scholarships may be pruned down a bit in these next few years as budgets continue to get tighter and tighter.

My guess at this point is that the smaller team sports — such as tennis, golf, wrestling, softball, lacrosse, etc. — may see fewer teams competing in the future. I don’t have data here (so I may be wrong), but I would guess that programs will have to be self-sustaining in order to remain open. The larger, revenue-producing sports will probably survive.

This article points to this topic:
‘Curriculum Review’ for Athletics — from InsideHigherEd.com

So if you are counting on a college scholarship, I hope your kids are at least in high school…if not, I would not count on this source of funding in the future…at least for smaller sports (and even that may be generous w/ the time frames here).