I don't personally believe UAA students don't care about their own teams. I, as well as many others, attended every hockey, volleyball, and gymnastics games/meets last season (because we enjoy those sports.) UAA is very much a commuter-based school. Many people have full time jobs, or children. I do not, so I attend these kinds of events. University sports are part of the college experience. Taking out these sports will send many students down to the states for the "college experience." College students spend thousands of dollars every year for the anchorage economy so there goes that money (if you want to talk about money.) 
People needs to think more about the students rather than just the money.