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Monday, December 23, 2024

Blue Earth County awards $3,117,621 in athletically-related financial aid to students in 2023

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Dr. Edward Inch, President | Minnesota State University-Mankato

Dr. Edward Inch, President | Minnesota State University-Mankato

Blue Earth County's two universities invested $3,117,621 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 3.3% increase compared to the previous year, when the county invested $3,018,236 in college sports aid.

There were 447 male and 384 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received the same amount of financial aid on average as female students.

Minnesota State University-Mankato stood out as the university in Blue Earth County which received most of the financial aid during 2023. The institution received $3,117,621, 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 Blue Earth County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$2,160,311653
2015$2,208,366642
2016$2,277,876667
2017$2,317,536681
2018$2,430,003708
2019$2,450,900753
2020$2,625,629777
2021$2,749,588800
2022$3,018,236800
2023$3,117,621831