$4,769

Avg. Federal Grant

$2,373

Avg. Federal Loan

$18,683,793

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$18.684M

Financial Aid Official Website

www.inter.edu/ayudas-economicas

As many as 93% of the students at IAUPRB get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,053,111 in a year. One can visit IAUPRB's financial aid page at http://www.inter.edu/ayudas-economicas for more information. The total percentage of candidates applying to Inter American University of Puerto Rico-Bayamon who receive the Federal Grant is 89%. In comparison, 93% of the students are awarded the Student Grant, 24% get the Institution Grant, and 89% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,043. 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 $5,572 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 $4,603 and $3,012, respectively. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At IAUPRB, an estimated number of 4% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

90%

State Grant Aid

6%

Institution Grant Aid

21%

Pell Grant

90%

Average Aid Awarded

Federal Grant Aid

$4,769

State Grant Aid

$532

Institution Grant Aid

$1,113

Pell Grant

$4,697

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,351

$30,001 - $48,000

$4,114

$48,001 - $75,000

$3,380

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Bayamon

Average Loan Amount Average Loan Amount received per year.

$2,373/Year

Students Taking Out Loans

3%

Loan Default Rate

2.7%

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