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Saturday, November 2, 2024

Miami-Dade County awards $48,891,316 in athletically-related financial aid to students in 2023

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Julio Frenk President | The University Of Miami

Julio Frenk President | The University Of Miami

Miami-Dade County's seven universities invested $48,891,316 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 25.1% increase compared to the previous year, when the county invested $39,080,546 in college sports aid.

There were 1,492 male and 1,150 female student-athletes who competed for one or more sports teams representing the seven colleges in the county in 2023. Male students received 6.9% more financial aid on average than female students.

University of Miami stood out as the university in Miami-Dade County which received most of the financial aid during 2023. The institution received $25,440,239, or 52% 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 Miami-Dade County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$27,806,0891,441
2015$27,880,3691,388
2016$28,471,9701,504
2017$32,130,9031,501
2018$32,536,6861,619
2019$33,525,1061,736
2020$35,881,8691,980
2021$40,809,5762,277
2022$39,080,5462,531
2023$48,891,3162,642

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