Perhaps. Looking at Augastana’s current roster, they have 100 players listed from literally all over the US.
Football coaches are some of the biggest financial recruiters at a lot of D3 schools.
Tuition at Augustana is over $43,000 per year with room and board over $10,000 more.
So it costs close to $54,000 per year to attend.
If you take 100 football players at $43,000 per for tuition that’s $4.3 million in income to the school from tuition. Plus another million in room and board.
D3 schools don’t have athletic scholarships, but do give out some forms of aid and grants.
Either way the school brings in a lot of income from that 100 player football team.