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Friday, November 15, 2024

College students in Boone County received $12,542,036 in athletically-related financial aid in 2023

Boone County's two universities invested $12,542,036 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 20.8% decrease compared to the previous year, when the county invested $15,837,829 in college sports aid.

There were 455 male and 343 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 4.4% more financial aid on average than female students.

University of Missouri-Columbia stood out as the university in Boone County which received most of the financial aid during 2023. The institution received $10,359,116, or 82.6% 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 Boone County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$10,241,616643
2015$10,875,711701
2016$12,575,314697
2017$13,058,578698
2018$14,212,349771
2019$15,481,926745
2020$15,731,400801
2021$15,000,884816
2022$15,837,829866
2023$12,542,036798

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