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Tuesday, November 5, 2024

Clay County awards $1,542,774 in athletically-related financial aid to students in 2023

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Timothy (Tim) Downs, Ph.D., M.A., B.A. President | Minnesota State University Moorhead

Timothy (Tim) Downs, Ph.D., M.A., B.A. President | Minnesota State University Moorhead

Clay County's two universities invested $1,542,774 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 5.7% increase compared to the previous year, when the county invested $1,459,269 in college sports aid.

There were 527 male and 329 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 10.2% more financial aid on average than female students.

Minnesota State University Moorhead stood out as the university in Clay County which received most of the financial aid during 2023. The institution received $1,542,774, 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 Clay County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$1,002,118881
2015$1,096,653857
2016$1,026,802857
2017$1,437,189885
2018$1,309,512870
2019$1,326,324852
2020$1,261,072823
2021$1,461,770733
2022$1,459,269839
2023$1,542,774856

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