$5,374

Avg. Federal Grant

$5,465

Avg. Federal Loan

$800,651

Total Aid Awarded

CEM College-Mayaguez Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$800.651K

Financial Aid Official Website

www.cemcollege.edu/cem/servicios/asistencia-economica/

Interestingly, almost all of the students at CCM receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $369,781 in a year. Notably, a total of 98% of the applicants to CEM College-Mayaguez receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 82% are awarded the Institution Grant, while 98% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,327. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CCM, an estimated number of 26% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

N/A

Institution Grant Aid

63%

Pell Grant

100%

Average Aid Awarded

Federal Grant Aid

$5,374

State Grant Aid

N/A

Institution Grant Aid

$134

Pell Grant

$5,027

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,528

$30,001 - $48,000

$3,450

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for CEM College-Mayaguez

Average Loan Amount Average Loan Amount received per year.

$5,465/Year

Students Taking Out Loans

41%

Loan Default Rate

N/A

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