The fundraising campaign materials for the new theater are really exciting: https://www.ua.edu/performingarts/
I’m not aware one way or the other about specific talent scholarships, but all incoming freshmen are eligible for generous merit scholarships. The requirements have changed over the years but still well worth investigating:
https://scholarships.ua.edu/types/
As for successful grads, the last time I visited campus (for Homecoming last October), I flew American Airlines, and their in-flight magazine’s cover story was about UA alum Sonequa Martin-Green, probably best known for The Walking Dead:
Break a leg! 