My family owns a sports performance company and part of that is helping advise kids through their recruiting process for several sports. There are VERY few athletic scholarships, despite what people tell you. If you look at the number of people competing for the spots, and the limited amount of schools that can offer them (only D1), spread out across multiple sports, it is slim odds.
The vast majority of students who play college sports are there either on academic scholarships, or do not receive aid related to grades/sports. I always tell our students that if a coach has two equally talented athletes, and one has better grades, the coach is going to pick the one with better grades because its one less thing the coach has to worry about, and then they can offer academic scholarship money (any division school can do that) and save athletic scholarship money for the students they really want/need.
Another issue I see is this hang up kids have on the school being D1. Sure, it sounds great, and the kids are all starry eyed, but few actually look at if the school is a good fit for them. It is not uncommon to see kids go off to a D1 school and it turns out it is not a great fit for a variety of reasons. I always ask our students if the school will serve their academic needs/career paths, how do they feel socially and culturally in the school, and THEN how would they mesh with a particular team? For many (not all) D1 sports, the rosters are deep and the student becomes one of many. Often in D3 sports a student will receive more mentoring and play time because the roster isn’t as deep. Just because a school sounds cool doesn’t mean they will work well with that trainer or training philosophy. These are all personal preferences a student needs to think about.
Lastly, remind your daughter she can show outside of the college team. I hated my college team (drama, politics, bad coaching) and was captain my Sophomore year and quit. I was learning FAR more riding elsewhere and wanted to pursue that. I am still to this day grateful I made that choice. Wherever she goes, there will be a trainer nearby that she can link up with. A team is for a few years, her academic pursuits are forever.