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Thursday, November 21, 2024

College students in Lea County received $2,526,543 in athletically-related financial aid in 2023

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Dr. Ryan Tipton, President, Chief Executive Officer | University of the Southwest

Dr. Ryan Tipton, President, Chief Executive Officer | University of the Southwest

Lea County's two universities invested $2,526,543 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 12.9% decrease compared to the previous year, when the county invested $2,901,592 in college sports aid.

There were 237 male and 162 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 3% more financial aid on average than female students.

University of the Southwest stood out as the university in Lea County which received most of the financial aid during 2023. The institution received $1,682,651, or 66.6% 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 Lea County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$1,661,656291
2015$1,671,435351
2016$1,516,219418
2017$1,891,811367
2018$1,764,488437
2019$2,729,774426
2020$2,988,020444
2021$2,264,337328
2022$2,901,592451
2023$2,526,543399

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