$5,065

Avg. Federal Grant

$2,744

Avg. Federal Loan

$18,202,420

Total Aid Awarded

Inter American University of Puerto Rico-Aguadilla Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$18.202M

Financial Aid Official Website

aguadilla.inter.edu/matricula/asistenciaeconomica/

Notably, 99% of the students at Inter American University of Puerto Rico-Aguadilla get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,893,636. One can visit IAUPRA's financial aid page at http://aguadilla.inter.edu/matricula/asistenciaeconomica/ for more information. At IAUPRA, the total percentage of applicants who receive the Federal Grant stands at 96%. On the other hand, 99% of the candidates get the Student Grant, 73% receive the Institution Grant, and 96% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,737, while the same comes to $548 for State Grant receivers and $652 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,146. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $5,739 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $5,214 and $4,005, 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. At IAUPRA, an estimated number of 2% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

95%

State Grant Aid

6%

Institution Grant Aid

71%

Pell Grant

95%

Average Aid Awarded

Federal Grant Aid

$5,065

State Grant Aid

$532

Institution Grant Aid

$860

Pell Grant

$4,954

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,856

$30,001 - $48,000

$5,034

$48,001 - $75,000

$4,533

$75,001 - $110,000

$2,070

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Aguadilla

Average Loan Amount Average Loan Amount received per year.

$2,744/Year

Students Taking Out Loans

3%

Loan Default Rate

2.7%

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