$5,411

Avg. Federal Grant

$2,629

Avg. Federal Loan

$5,664,105

Total Aid Awarded

Caribbean University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$5.664M

Financial Aid Official Website

www.caribbean.edu/Asistencia%20Economica.html

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,165,121. At CUB, the total percentage of applicants who receive the Federal Grant stands at 95%. In comparison, 100% of the students are awarded the Student Grant, 89% get the Institution Grant, and 88% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,941. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CUB, an estimated number of 12% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

91%

State Grant Aid

N/A

Institution Grant Aid

71%

Pell Grant

91%

Average Aid Awarded

Federal Grant Aid

$5,411

State Grant Aid

N/A

Institution Grant Aid

$2,508

Pell Grant

$5,140

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,128

$30,001 - $48,000

$5,006

$48,001 - $75,000

$2,630

$75,001 - $110,000

$535

Over $110,000

N/A

Student Loans for Caribbean University

Average Loan Amount Average Loan Amount received per year.

$2,629/Year

Students Taking Out Loans

18%

Loan Default Rate

16.9%

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