This is a misleading headline-- it compares five FCS schools that draw playoff revenue and good attendance with low(er) rates of tuition and operating expenses, but you can't extrapolate that "FCS programs are among the least subsidized in all of Division I."

Sam Herder says as much: "About 80% of G5 public schools have a subsidization of 50% or more, while nearly 20% have at least 70%. For FCS public schools, 90% have a subsidization of 50% or more, while 50% have at least 70%." Add in private schools, and the 70% threshold is even higher.