$5,113

Avg. Federal Grant

$4,090

Avg. Federal Loan

$8,588,140

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$8.588M

Financial Aid Official Website

fajardo.inter.edu/asistencia-economica/

As many as 99% of the students at IAUPRF get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,126,434 in a year. One can visit IAUPRF's financial aid page at http://fajardo.inter.edu/asistencia-economica/ for more information. The total percentage of candidates applying to Inter American University of Puerto Rico-Fajardo who receive the Federal Grant is 93%. Meanwhile, 99% of the applicants receive the Student Grant and 23% are awarded the Institution Grant, while 93% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,400, and the same stands at $561 for State Grant awardees and $534 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,991. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $5,406 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $4,847, while those falling in the $48,001-$75,000 income category get $2,689 a year. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Inter American University of Puerto Rico-Fajardo, the percentage of candidates who opt to avail of student loans is around 6%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

92%

State Grant Aid

10%

Institution Grant Aid

21%

Pell Grant

92%

Average Aid Awarded

Federal Grant Aid

$5,113

State Grant Aid

$793

Institution Grant Aid

$559

Pell Grant

$4,996

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,478

$30,001 - $48,000

$4,886

$48,001 - $75,000

$3,642

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Fajardo

Average Loan Amount Average Loan Amount received per year.

$4,090/Year

Students Taking Out Loans

2%

Loan Default Rate

2.7%

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