The following table shows certain information concerning student financial assistance programs detailed by University for the year ended June 30, 2025: University: Cheyney Commonwealth East Stroudsburg Indiana Kutztown Millersville PennWest Shippensburg Slippery Rock West Chester Federal Pell: $3,195,815 21,984,285 14,438,504 17,841,700 13,742,575 11,509,578 20,244,610 8,972,738 14,760,202 26,786,902 Total: $153,476,909 Federal Supplemental Educational Opportunity Grant: $300,445 621,033 223,433 774,019 327,096 214,485 674,196 165,447 216,874 471,707 Total: $3,988,735 Fedreal Work Study: $141,234 680,504 275,874 1,426,757 277,174 249,056 677,439 222,230 533,635 721,911 Total: $5,205,814 Teacher Education Assistance for College and Higher Education Grant; $- - - - - - 17,575 11,316 33,948 8,488 Total: $71,327 The above amounts awarded to students include certain administrative allowances. The State System participates in the following student loan programs: Federal Perkins Loan Program (AL No. 84.038); Nursing Student Loan Program (AL No. 93.364); Nursing Faculty Loan Program (No. 93.264); and Federal Direct Loan Program (AL No. 84.268), which includes the Federal Stafford Loan Program, the Federal Supplemental Loan for Students Program (SLS), and the Federal Parent Loans for Undergraduate Students Program (PLUS). Federal Perkins Loans, Nursing Student Loans and Nursing Faculty Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. Federal Perkins Loans, Nursing Faculty Loans, and Nursing Student Loans awarded are included as part of Federal Perkins Loans, Nursing Faculty Loans, and Nursing Student Loans Program on the schedule of expenditures of federal awards. Loans awarded under these programs for the year ended June 30, 2025 are as follows: Cheyney $2,552,604 Commonwealth 60,135,356 East Stroudsburg 28,115,342 Indiana 44,814,972 Kutztown 37,115,863 Millersville 31,571,871 PennWest 72,667,516 Shippensburg 27,644,909 Slippery Rock 52,018,580 West Chester 92,243,723 Total $448,880,736 Outstanding loans under the programs administered by the State System as of June 30, 2025 are as follows: Federal Nursing Nurse Perkins Student Faculty Loans Loans Loan University Outstanding Outstanding Outstanding East Stroudsburg $135,558 $- $- Indiana 196,524 Millersville 78,586 - - PennWest (1,194) 258,493 - Total $212,950 $258,493 $196,524
Loans outstanding at the beginning of the year are presented in the Schedule. Universities listed above are still working on assigning remaining loans, and liquidating outstanding balance.
The Universities are in compliance with the following institutional and program eligibility requirements under the Higher Education Act of 1965 and Federal regulations under 34 CFR 668.23: • Correspondence courses the institution offers under 34 CFR 600.7(b) and (g) • Regular students that enroll in correspondence courses under 34 CFR 600.7(b) and (g) • Institution’s regular students that are incarcerated under 34 CFR 600.7(c) and (g) • Completion rates for confined or incarcerated individuals enrolled in non-degree programs at nonprofit institutions under 34 CFR 600.7(c)(3)(ii) and (g) • Institution’s regular students that lack a high school diploma or its equivalent under 34 CFR 600.7(d) and (g) • Completion rates for short-term programs under 34 CFR 668.8(f) and (g) Placement rates for short-term programs under https://www.ecfr.gov/current/title-34/subtitle-B/chapter-VI/part-668/subpart-A/section-668.8 34 CFR 668.8(e)(2)