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Thursday, November 21, 2024

Rensselaer County: $2,659,338 in athletically-related financial aid for college students in 2023

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Martin A. Schmidt, President | Rensselaer Polytechnic Institute

Martin A. Schmidt, President | Rensselaer Polytechnic Institute

Rensselaer County's three universities invested $2,659,338 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 4% decrease compared to the previous year, when the county invested $2,771,538 in college sports aid.

There were 822 male and 438 female student-athletes who competed for one or more sports teams representing the three colleges in the county in 2023. Male students received 52.7% less financial aid on average than female students.

Rensselaer Polytechnic Institute stood out as the university in Rensselaer County which received most of the financial aid during 2023. The institution received $2,659,338, 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 Rensselaer County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$2,155,9971,069
2015$2,275,3441,059
2016$2,343,1111,109
2017$2,420,5041,097
2018$2,478,8391,126
2019$2,435,6081,219
2020$2,626,2491,199
2021$2,757,832396
2022$2,771,5381,269
2023$2,659,3381,260

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