To support a child in search of a college athletic scholarship, 23 percent said they would spend more than $2,500 annually, and 11 percent said they would spend more than $5,000. But accruing $5,000 in costs to promote a child’s athletic endeavors to the point of attracting Division I colleges is easy to do. That level of sports activity is likely to cost five digits annually.
For Olympic level success, the sky is truly the limit in terms of cost. A supportive parent can spend $50,000 annually in that pursuit, although only 5 percent of the investors surveyed by Spectrem said they would be willing to put forth that kind of dough.
© 2018 Spectrem Group