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Thursday, November 7, 2024

Madison County awards $6,304,799 in athletically-related financial aid to students in 2023

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Dr. David T. McFaddin President | Eastern Kentucky University

Dr. David T. McFaddin President | Eastern Kentucky University

Madison County's two universities invested $6,304,799 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is an 11.9% increase compared to the previous year, when the county invested $5,635,102 in college sports aid.

There were 352 male and 254 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 0.3% more financial aid on average than female students.

Eastern Kentucky University stood out as the university in Madison County which received most of the financial aid during 2023. The institution received $6,304,799, or 100% 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 Madison County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$4,737,083558
2015$5,184,356558
2016$5,367,179556
2017$5,881,707560
2018$5,943,214553
2019$5,520,523544
2020$5,724,364538
2021$6,049,711423
2022$5,635,102557
2023$6,304,799606

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