Regarding scholarships, by the time my son was 10 we knew that there was no such thing as a full ride in baseball, and I think if your kid is playing on a more competitive level, you probably learn the same thing early on. I'm not saying that travel ball isn't money grab, but at the same time most parents shouldn't be so naive as to not recognize what's going on. What hit me early on in the travel sports experience was the experiences themselves; from the simple act of traveling to places within the state that we wouldn't otherwise see, to the longer trips which culminated in Cooperstown for me and Disneyworld for my son, I decided early on that we were investing in experiences and memories as well as giving him the chance to go as far as his abilities could take him, so to me it was money well spent, as in addition to all the experiences and memories, he has fallen in with a great group of other kids that he has played with AND against over the years, and many could turn into great lifelong friendships.
Now, my son is entering his junior year in HS and is playing on a 'showcase' team, which is actually our first experience with the "moneygrab" aspect, but as before, I know exactly what we're paying for and I'm still not looking for a financial return on my investment but rather a chance for him to continue on this arc in his life until it reaches whatever end it comes to. At this point, if he gets to play ball in college, that will just be icing on the cake, and even if he doesn't, I won't regret one dollar that we've spent along the way.