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Division 2 football allows for 36 scholarships vs 63 in FCS or an increase of 27 scholarships so it's not really a big financial change, especially because they are probably providing need based scholarships for a number of athletes already. And, there are only 8 D2 schools in New England/NY/NJ vs 24 FCS schools which will help open up the schedule to better local opponents.
Good points.