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Saturday, September 21, 2024

Lyon County awards $1,126,081 in athletically-related financial aid to students in 2023

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Kumara Jayasuriya President | Southwest Minnesota State University

Kumara Jayasuriya President | Southwest Minnesota State University

Lyon County's Southwest Minnesota State University invested $1,126,081 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 10.3% decrease compared to the previous year, when the county invested $1,255,891 in college sports aid.

There were 194 male and 146 female student-athletes who competed for one or more sports teams representing Southwest Minnesota State University in 2023. Male students received 15.1% more financial aid on average than female students.

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 Lyon County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$748,320345
2015$764,138357
2016$812,355356
2017$857,311339
2018$958,154323
2019$1,019,863315
2020$1,167,830345
2021$1,212,963193
2022$1,255,891387
2023$1,126,081340

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