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Saturday, December 21, 2024

Penobscot County awards $6,619,416 in athletically-related financial aid to students in 2023

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Dr. Joan Ferrini-Mundy President | University of Maine

Dr. Joan Ferrini-Mundy President | University of Maine

Penobscot County's two universities invested $6,619,416 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 $6,964,383 in college sports aid.

There were 524 male and 358 female student-athletes who competed for one or more sports teams representing the two colleges in the county in 2023. Male students received 19.8% more financial aid on average than female students.

University of Maine stood out as the university in Penobscot County which received most of the financial aid during 2023. The institution received $6,619,416, 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 Penobscot County over 10 Years
YearAthletically Related Student AidStudent-athletes Enrollment
2014$6,352,796443
2015$6,464,825459
2016$6,773,119898
2017$6,633,314885
2018$6,630,385874
2019$6,790,915893
2020$6,864,859926
2021$6,442,452733
2022$6,964,383952
2023$6,619,416882

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