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Saturday, September 21, 2024

Knox County awards $2,285,515 in athletically-related financial aid to students in 2023

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Mount Vernon Nazarene University - University President Dr. Carson Castleman (2023) | Mount Vernon Nazarene University

Mount Vernon Nazarene University - University President Dr. Carson Castleman (2023) | Mount Vernon Nazarene University

Knox County's two universities invested $2,285,515 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 16.4% increase compared to the previous year, when the county invested $1,963,780 in college sports aid.

There were 502 male and 332 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 23.6% more financial aid on average than female students.

Mount Vernon Nazarene University stood out as the university in Knox County which received most of the financial aid during 2023. The institution received $2,285,515, 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 Knox County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$724,639566
2015$940,500692
2016$898,428716
2017$898,428713
2018$1,073,237785
2019$1,200,000756
2020$1,683,000832
2021$1,899,121770
2022$1,963,780961
2023$2,285,515834

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