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Lynchburg Reporter

Tuesday, December 3, 2024

Lynchburg city awards $11,213,860 in athletically-related financial aid to students in 2023

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Dondi E. Costin, Ph.D., President | Liberty University

Dondi E. Costin, Ph.D., President | Liberty University

Lynchburg city's four universities invested $11,213,860 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 3.5% increase compared to the previous year, when the county invested $10,834,771 in college sports aid.

There were 795 male and 700 female student-athletes who competed for one or more sports teams representing the four colleges in the county in 2023. Male students received 3.7% more financial aid on average than female students.

Liberty University stood out as the university in Lynchburg city which received most of the financial aid during 2023. The institution received $10,902,330, or 97.2% 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 Lynchburg city over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$7,422,8831,199
2015$8,608,1631,197
2016$9,872,0851,262
2017$10,347,8931,300
2018$10,893,6511,271
2019$11,605,4601,328
2020$11,817,5281,365
2021$11,619,1441,183
2022$10,834,7711,438
2023$11,213,8601,495

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