Virginia Commonwealth University in Richmond allocated $8,201,338 for athletically related financial aid during the year 2024, according to the U.S. Department of Education.
A total of 175 male and 222 female student-athletes represented Virginia Commonwealth University across various sports teams in 2024. Male athletes received 41.2% less financial aid compared to their female counterparts.
The university saw a 7.2% increase in athletically related financial aid in 2024 compared to 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 |
Information in this story was obtained from the U.S. Department of Education. The source data can be found here.
