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Thursday, November 7, 2024

Allen County awards $12,902,271 in athletically-related financial aid to students in 2023

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Karl W. Einolf, Ph.D. President | Indiana Institute Of Technology

Karl W. Einolf, Ph.D. President | Indiana Institute Of Technology

Allen County's three universities invested $12,902,271 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 1.2% decrease compared to the previous year, when the county invested $13,055,111 in college sports aid.

There were 1,069 male and 672 female student-athletes who competed for one or more sports teams representing the three colleges in the county in 2023. Male students received 7.9% more financial aid on average than female students.

Indiana Institute of Technology stood out as the university in Allen County which received most of the financial aid during 2023. The institution received $6,628,128, or 51.4% of all the money invested in the county.

Male students who play basketball generally receive the most in financial aid, followed closely by football players. Female students playing ice hockey often receive the most in financial aid.

Only a small percentage of college expenses are typically covered by athletic scholarships, and only for a select few students.

A study found that 71% of student athletes participated in sports to earn a college scholarship.

Financial aid for College Sports in Allen County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$12,966,0601,061
2015$12,956,4131,225
2016$13,039,8511,314
2017$14,245,2631,434
2018$15,956,1131,406
2019$16,777,3271,385
2020$14,681,187856
2021$13,775,8821,517
2022$13,055,1111,666
2023$12,902,2711,741

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