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Saturday, November 2, 2024

Hennepin County awards $16,088,224 in athletically-related financial aid to students in 2023

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Jeff Ettinger President | University of Minnesota-Twin Cities

Jeff Ettinger President | University of Minnesota-Twin Cities

Hennepin County's three universities invested $16,088,224 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 4.7% increase compared to the previous year, when the county invested $15,363,256 in college sports aid.

There were 612 male and 472 female student-athletes who competed for one or more sports teams representing the three colleges in the county in 2023. Male students received 13% more financial aid on average than female students.

University of Minnesota-Twin Cities stood out as the university in Hennepin County which received most of the financial aid during 2023. The institution received $16,066,474, or 99.9% 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 Hennepin County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$8,740,3481,292
2015$7,933,4661,304
2016$10,474,6891,314
2017$10,969,6381,309
2018$12,778,0001,285
2019$13,832,2171,286
2020$13,645,6721,255
2021$14,913,2211,170
2022$15,363,2561,213
2023$16,088,2241,084

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