No. As collegiate athletes/club members they can not be paid. That being said, good cheerleaders at the top schools like U Kentucky are on full cheer scholarships. Other than that, the only money that cheerleaders receive (legally) is from their school/NCAA is for travel expenses and that is minimal. When they cheer for a team that makes tournament, they get a little bit more for a travel allowance as the team proceeds to the next round in each tournament.
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Cheerleaders could work as coaches to make money. They could cheer for a pro team like the Dallas Cowboys. Or they could hold an outside job
cheerleaders jobs are to support there team on and hope that cheers them up so they can win that they can be the best of the best teams