$2,849

Avg. Federal Grant

$2,083

Avg. Federal Loan

$3,358,032

Total Aid Awarded

Boricua College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$3.358M

Financial Aid Official Website

boricuacollege.edu/_Admissions/Admissions.html#Financial_Aid

Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. Notably, 93% of the students at Boricua College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $399,598. For additional information about financial assistance schemes, one can head over to BC’s financial aid page at http://boricuacollege.edu/_Admissions/Admissions.html#Financial_Aid. At BC, the total percentage of applicants who receive the Federal Grant stands at 88%. On the other hand, 93% of the candidates get the Student Grant, while 88% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,863. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,177 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $3,752 and $3,915, respectively. 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. Every year, around 7% of the applicants to Boricua College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

92%

State Grant Aid

81%

Institution Grant Aid

1%

Pell Grant

92%

Average Aid Awarded

Federal Grant Aid

$2,849

State Grant Aid

$2,520

Institution Grant Aid

$1,000

Pell Grant

$2,845

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,153

$30,001 - $48,000

$4,429

$48,001 - $75,000

$2,896

$75,001 - $110,000

$5,383

Over $110,000

N/A

Student Loans for Boricua College

Average Loan Amount Average Loan Amount received per year.

$2,083/Year

Students Taking Out Loans

5%

Loan Default Rate

14.5%

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