In 2024, Emory & Henry College in Virginia disbursed $3,863,456 in financial aid linked to athletics, according to the U.S. Department of Education.
During 2024, a total of 329 male and 313 female student-athletes participated in one or more sports teams at Emory & Henry College. Male student-athletes received 90.3% more athletically related financial aid compared to their female counterparts.
The amount of athletically related financial aid awarded by Emory & Henry College increased by 36.9% from the previous year.
College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.
College athletics has entered a new era of athlete compensation after a federal settlement allowed schools to directly share revenue with players for the first time. The agreement also requires the NCAA to pay $2.8 billion in back damages over 10 years to athletes who competed from 2016 to the present.
In 2022, after years of legal and legislative pressure, athletes also gained the right to profit from their names, images and likenesses through state laws and an NCAA policy change.
| Institution | Athletically Related Student Aid |
|---|---|
| University of Virginia-Main Campus | $23,873,725 |
| Virginia Polytechnic Institute and State University | $17,964,368 |
| University of Richmond | $12,841,813 |
| Liberty University | $11,993,986 |
| Old Dominion University | $11,200,049 |
| William & Mary School | $10,959,600 |
| James Madison University | $10,356,579 |
| Virginia Commonwealth University | $8,201,338 |
| George Mason University | $7,648,706 |
| Virginia Military Institute | $6,714,990 |
