Q. Does Title IX require that equal dollars be spent on men and women's sports?
A. No. The only provision that requires that the same dollars be spent proportional to participation is scholarships. Otherwise, male and female student-athletes must receive equitable "treatment" and "benefits."
Note that scholarships must be in proportion to participation. If 40% of participants in your athletic program are female than they must receive 40% of the scholarship dollars. Many men's sports are already alloted fewer scholarships than womens' programs. Men's volleyball is a great example as they are only alloted 4.5 schollarships. I would say in 90% of cases a school will be fine as long as it follows the NCAA scholarship limits.