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New River Valley Times

Wednesday, October 16, 2024

Montgomery County awards $14,252,868 in athletically-related financial aid to students in 2023

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President Tim Sands | Virginia Polytechnic Institute and State University

President Tim Sands | Virginia Polytechnic Institute and State University

Montgomery County's Virginia Polytechnic Institute and State University invested $14,252,868 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is an 8.6% increase compared to the previous year, when the county invested $13,128,280 in college sports aid.

There were 349 male and 246 female student-athletes who competed for one or more sports teams representing Virginia Polytechnic Institute and State University in 2023. Male students received 1.4% more financial aid on average than female students.

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 Montgomery County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$10,120,458602
2015$10,781,648574
2016$11,939,490560
2017$11,474,104557
2018$11,401,087569
2019$12,606,147552
2020$14,493,294567
2021$14,282,140622
2022$13,128,280614
2023$14,252,868595

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