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Wednesday, November 6, 2024

College students in Pennington County received $1,362,289 in athletically-related financial aid in 2023

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James Rankin President South Dakota School of Mines and Technology | argusleader.com

James Rankin President South Dakota School of Mines and Technology | argusleader.com

Pennington County's South Dakota School of Mines and Technology invested $1,362,289 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 7% increase compared to the previous year, when the county invested $1,273,403 in college sports aid.

There were 217 male and 77 female student-athletes who competed for one or more sports teams representing South Dakota School of Mines and Technology in 2023. Male students received 6.4% 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 Pennington County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$789,284254
2015$961,988248
2016$1,121,080250
2017$1,282,034248
2018$1,355,071254
2019$1,267,695248
2020$1,347,811261
2021$1,282,713299
2022$1,273,403268
2023$1,362,289294

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