There are actually three schools with A&T and a competitive cheer program! Gannon is one of them - we are very fortunate here that both are considered a sport and we have access to great resources! A&T and Comp Cheer were added at the same time (April 2013) so for both programs, this is our first competitive season. We both are also separate from our traditional sideline program. I am the competitive cheer coach, and I oversee the gameday cheer team (cheer at home football and basketball games) but they have their own coach and are an entirely separate program. We're fortunate that our administration here is so supportive of both programs and we have not had any issues with having all three teams (Comp Cheer, A&T, and sideline) coexisting successfully.
I know that Adrian College in MI also has a competitive cheer team, but share a coaching staff with their A&T program - at least last I had heard back in the fall. I am also 99% sure that King University in TN has a competitive cheer team in addition to their A&T program. Our competitive cheer team does not compete in STUNT, but will be attending NCA College Nationals, in addition to other local/regional events. I don't believe either of the other schools participate in STUNT either, but I'm not positive on that. So while it's definitely unlikely, it's not impossible!
To be honest, I wish more schools would consider both - there's more than enough interest at the youth/high school level to support both programs and athletes tend to gravitate toward one or the other because the competitive format is so different. I like that at Gannon we have access to the exact same resources (funding, scholarships, equipment, practice space, athletic training, etc.) because it really allows the athletes to pick what's the best fit for them - they each have their own merits! We love having both programs here and it has really worked well so far.
Just thought I would share!