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Friday, November 15, 2024

Forsyth County awards $20,688,965 in athletically-related financial aid to students in 2023

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Susan R. Wente, President | Wake Forest University

Susan R. Wente, President | Wake Forest University

Forsyth County's three universities invested $20,688,965 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 1.5% increase compared to the previous year, when the county invested $20,377,276 in college sports aid.

There were 414 male and 272 female student-athletes who competed for one or more sports teams representing the three colleges in the county in 2023. Male students received 13.8% more financial aid on average than female students.

Wake Forest University stood out as the university in Forsyth County which received most of the financial aid during 2023. The institution received $19,562,387, or 94.6% 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 Forsyth County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$14,531,868688
2015$15,212,120679
2016$16,679,303764
2017$16,971,979750
2018$17,320,239772
2019$18,226,684785
2020$18,174,099727
2021$19,443,501521
2022$20,377,276664
2023$20,688,965686

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