Short version of our story. I have had three kids attend college (2 have graduated, 1 has a few years left to go).
My oldest, turned down athletic scholarship offers, went with the smaller academic scholarship. Finished school with less then $20K in school loans to pay (the household policy is that the kids pay 1/4 of their undergraduate cost),then found work in his field. Still plays tennis
The second kid's story shows a different angle on this. He had D1 scholarship offers from schools ranked between 30th and 50th in the ITA rankings. Most of the state school's scholarships were in the 25% to 35% range. Good academics with one school having a great reputation in the medical research field that interested him.
He choose a private school, out of the ITA rankings, with VERY demanding academics. We believe his tennis is what allowed him to get into the school (it's certainly what allowed us to afford the school).
The combined academic and athletic work load was intense, but he understood that going in and that was his choice. With his scholarship and his family's contribution, he graduated with no school loans. He is working today with the expectation of going to med school after decompressing (working just 40 hours/week) for a year. I expect him to take some time off from tennis but to come back to it later in life.
Finally, my youngest is all about her tennis, wanted a ITA top ranked program, one that fully supported it's student athletes in every way. She also wanted a school that excelled in a variety of other sports because she enjoys attending soccer,volleyball, football (etc) games with import.
The combination of school work and tennis work is tough, but it's a different mix then her brother's. She seems very happy after her first year. I won't be surprised if tennis is something she does for income.
I'm interested in this subject because I think there are so many options available to families, but I had no idea about this stuff when my kids took up tennis and I've learned through our experience.
Balancing junior tennis, school, social and other parts of life was/is a challenge. You have to make choices about the mix when your kids are young. Hopefully, by the time they are 16 or 17 they can start to make those choices for themselves.