Never did any during my time there, but from what I know, most teams are self funded. Due to budget cuts most intercollegiate sports get minimal funds, usually just enough to cover entrance fees and very rarely some equipment, usually trailers, tools or racks. Most teams organize fund raisers and depend a ton on sponsorship. It definately worth a shot! Go for it!
L8R
P.S. Don't do too much

, but have fun!
__________________
"Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
"Your Bike Sucks" - Sky Yaeger