Inter American University of Puerto Rico-Barranquitas Financial Aid and Scholarships
Students Receiving Aid
96%
Total Aid Amount
$9.134M
Financial Aid Official Website
www.br.inter.edu/asistencia-economica/
It is interesting to note that, every year, around 98% of students at IAUPRB receive some kind of financial aid, while the total amount of assistance/loans provided is $854,819. More information regarding the financial assistance schemes can be accessed on IAUPRB’s official financial aid page at http://www.br.inter.edu/asistencia-economica/. Notably, a total of 95% of the applicants to Inter American University of Puerto Rico-Barranquitas receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 61% receive the Institution Grant, and 95% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,409, while the same comes to $561 for State Grant receivers and $751 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,103. 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 $5,595 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 $5,121 and $3,025, respectively. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Inter American University of Puerto Rico-Barranquitas, the percentage of candidates who opt to avail of student loans is around 14%.
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