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Thursday, November 7, 2024

Oakland County awards $15,277,005 in athletically-related financial aid to students in 2023

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Dr. Tarek M. Sobh President at Lawrence Technological University | Lawrence Technological University

Dr. Tarek M. Sobh President at Lawrence Technological University | Lawrence Technological University

Oakland County's four universities invested $15,277,005 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 1.4% decrease compared to the previous year, when the county invested $15,493,571 in college sports aid.

There were 782 male and 539 female student-athletes who competed for one or more sports teams representing the four colleges in the county in 2023. Male students received 5% more financial aid on average than female students.

Lawrence Technological University stood out as the university in Oakland County which received most of the financial aid during 2023. The institution received $6,609,456, or 43.3% 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 Oakland County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$6,678,588725
2015$6,360,364775
2016$6,987,278823
2017$8,478,786904
2018$9,136,815913
2019$10,897,9221,040
2020$12,649,5711,093
2021$18,379,4561,114
2022$15,493,5711,056
2023$15,277,0051,321

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