Financial Aid & Scholarships 2022 Annual Report

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Federal and State Work Study provides students with the opportunity for employment arranged around class schedules. PVAMU participates in the federal (FWS) and state (TWS) work study programs Work study is awarded as a part of the financial aid package and is based on financial need and available funding. Students find work study positions through job postings by the Student Employment Office. Wages are set at the federal minimum wage and a student is not allowed to work more than 20 hours per week.

Federal Work Study Employment …………………………… $825,319.31 Texas College Work Study Employment …………………… $104,020.00 $929,340 million earned by

363 students

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Percent of Undergraduates Graduating With debt …………………………………. 79% Without debt ……………………………... 21%

7,475 awards totaling $57,580,220

5292 unduplicated Federal Subsidized loans 5851 unduplicated Federal Unsubsidized loans 1060 unduplicated Federal Parent PLUS loans

Total Loans Disbursed - 5 Year Trend

$52,000,000.00 $54,000,000.00 $56,000,000.00 $58,000,000.00 $60,000,000.00 $62,000,000.00 $64,000,000.00 $66,000,000.00

$64,208,608.00

$64,027,761.00

$59,996,482.00

$57,580,220.00

$56,106,970.00

AY 2017-18

AY 2018-19

AY 2019-20

AY 2020-21

AY 2021-22

**Source: U.S. Department of Education- Common Origination and Disbursement

Total Loans Disbursed

5

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