Having grown up in a suburb of Akron, with many people I know that get scholarships there, this sucks for them. Also Akron football is barely a moneymaker as is, they average one of the lowest attendance in the country and the big time athletic donors are few and far between. Academics wise, they get $10-15million a year on average.
They also stretched themselves out really thin on academics. They used to focus on hard sciences and engineering (like Iowa State) because of the tire companies in the area while Kent State, a university only 20-30min away, focused on liberal arts, teaching, medicine, and law (like Iowa).
In the last few decades, Akron has tried to expand into other areas to increase enrollment but they didn't do any of those things that great and while they saw an initial surge, it has fallen flat and now they're dropping enrollment like flies.