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Monmouth Times

Saturday, September 28, 2024

Monmouth County awards $13,987,994 in athletically-related financial aid to students in 2023

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Patrick F. Leahy, Ed.D. - Monmouth University President | Monmouth University

Patrick F. Leahy, Ed.D. - Monmouth University President | Monmouth University

Monmouth County's two universities invested $13,987,994 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 0.7% increase compared to the previous year, when the county invested $13,892,688 in college sports aid.

There were 445 male and 292 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 5.6% more financial aid on average than female students.

Monmouth University stood out as the university in Monmouth County which received most of the financial aid during 2023. The institution received $13,987,994, 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 Monmouth County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$7,531,773655
2015$8,567,545684
2016$9,188,582732
2017$10,114,865777
2018$10,717,044745
2019$11,438,948732
2020$12,146,912730
2021$13,174,480680
2022$13,892,688720
2023$13,987,994737

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