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Saturday, September 21, 2024

College students in Albany County received $18,383,995 in athletically-related financial aid in 2023

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Havidán Rodríguez President of SUNY at Albany | albany.edu

Havidán Rodríguez President of SUNY at Albany | albany.edu

Albany County's five universities invested $18,383,995 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 5.9% increase compared to the previous year, when the county invested $17,353,126 in college sports aid.

There were 765 male and 639 female student-athletes who competed for one or more sports teams representing the five colleges in the county in 2023. Male students received 9.2% more financial aid on average than female students.

SUNY at Albany stood out as the university in Albany County which received most of the financial aid during 2023. The institution received $8,728,706, or 47.5% 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 Albany County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$12,997,0351,229
2015$13,327,2681,263
2016$14,269,2131,227
2017$15,230,8581,188
2018$15,752,3271,163
2019$15,826,2151,210
2020$17,022,6021,298
2021$17,343,6381,332
2022$17,353,1261,401
2023$18,383,9951,404

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