This is definitely school specific. DD is at a D3 that she was recruited for and received a decently large academic scholarship from the school based on grades and test scores. They tacked on a grandfathered tuition grant this year based on her grades freshman year.We did this three years ago. Here is what we learned. D3 has little money for anyone making something over 140k. DD had a 35 ACT and a 4.5 weighted GPA with 5's on all her AP tests but her 4 in Chem and still no D3 offered any academic money due to our income and yes she was recruited. Fall of her SR year the phone rang regularly from D3 coaches and admissions.
I don't know your financial position, but it's never too soon to start researching non-athletic scholarship funding options, even though she hasn't picked a school yet.
Once she selects her school, then she can compete for school-specific scholarships.
D3 coaches aren't out actively recruiting players. My friend said she selected the school and then let the coach know she was coming at which point she was invited to try out. Other situations may be similar or not.