Notably, 91% of the students at Prairie View A & M University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $40,530,163. More information regarding the financial assistance schemes can be accessed on PVAMU’s official financial aid page at http://www.pvamu.edu/faid/. Notably, a total of 69% of the applicants to Prairie View A & M University receive the Federal Grant every year. On the other hand, 82% of the candidates get the Student Grant, 55% receive the Institution Grant, and 69% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,518, the State Grant receivers and Institution Grant beneficiaries get $5,867 and $5,739, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,003. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PVAMU, an estimated number of 74% of the applicants choose to go for student loans.