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South Tidewater News

Wednesday, October 16, 2024

Virginia Beach city awards $1,199,522 in athletically-related financial aid to students in 2023

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David Vaden C.P.A., M.B.A., B.S, President & Chief Executive Officer | Bryant & Stratton College-Virginia Beach

David Vaden C.P.A., M.B.A., B.S, President & Chief Executive Officer | Bryant & Stratton College-Virginia Beach

Virginia Beach city's three universities invested $1,199,522 in athletically-related financial aid for college students in 2023, according to the U.S. Department of Education.

This is a 5% decrease compared to the previous year, when the county invested $1,262,474 in college sports aid.

There were 323 male and 266 female student-athletes who competed for one or more sports teams representing the three colleges in the county in 2023. Male students received 24% less financial aid on average than female students.

Bryant & Stratton College-Virginia Beach stood out as the university in Virginia Beach city which received most of the financial aid during 2023. The institution received $1,199,522, or 100% 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 Virginia Beach city over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$0336
2015$216,285341
2016$232,362346
2017$460,994446
2018$783,844545
2019$1,203,164574
2020$1,209,024601
2021$1,219,861489
2022$1,262,474589
2023$1,199,522589

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