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Thursday, November 7, 2024

Philadelphia County awards $47,004,939 in athletically-related financial aid to students in 2023

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President Richard M. Englert | Temple University

President Richard M. Englert | Temple University

Philadelphia County's nine universities invested $47,004,939 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 1.7% increase compared to the previous year, when the county invested $46,221,155 in college sports aid.

There were 1,931 male and 1,730 female student-athletes who competed for one or more sports teams representing the nine colleges in the county in 2023. Male students received 15.9% less financial aid on average than female students.

Temple University stood out as the university in Philadelphia County which received most of the financial aid during 2023. The institution received $14,810,771, or 31.5% 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 Philadelphia County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$34,882,0373,443
2015$34,510,5053,325
2016$37,304,1403,384
2017$40,600,1673,435
2018$40,585,3513,575
2019$44,989,8003,803
2020$46,135,3383,644
2021$46,873,2512,979
2022$46,221,1553,805
2023$47,004,9393,661

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