Hey each school has a different story. Hopefully that 1:47 kid can increase his scholarship.
If you are looking for money, these steps will better your chances.
Run fast junior year. (Legit track times, xc is a crap shoot).
Contact every school you are interested and be honest about your finances if they contact you back.
Contact those schools again! And again, drive to the school and try and meet the coach!
Apply to schools early, get your financial aid packages during the fall senior window.
Apply for outside scholarships.
Understand the better the program, the less you are likely to receive athletically.
Go get that money!
I had a brief recruitment from the great John McDonnell. Basically he said “we’re Arkansas, 6-7 distance guys get to join my group every year. That’s high school, Juco, transfers and internationals. Get yourself in that 6-7 and if I can find someone for less I’ll take them”