$5,276

Avg. Federal Grant

$2,920

Avg. Federal Loan

$7,523,390

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$7.523M

Financial Aid Official Website

www.guayama.inter.edu/gerencia-de-matricula/ayudas-economicas/

As many as 98% of the students at IAUPRG get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,626,952 in a year. For additional information about financial assistance schemes, one can head over to IAUPRG’s financial aid page at http://www.guayama.inter.edu/gerencia-de-matricula/ayudas-economicas/. At IAUPRG, the total percentage of applicants who receive the Federal Grant stands at 96%. In comparison, 98% of the students are awarded the Student Grant, 30% get the Institution Grant, and 96% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,925, the State Grant receivers and Institution Grant beneficiaries get $561 and $459, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,213. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,494 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $4,681, while those falling in the $48,001-$75,000 income category get $2,920 a year. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Inter American University of Puerto Rico-Guayama, the percentage of candidates who opt to avail of student loans is around 20%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

92%

State Grant Aid

5%

Institution Grant Aid

9%

Pell Grant

92%

Average Aid Awarded

Federal Grant Aid

$5,276

State Grant Aid

$561

Institution Grant Aid

$507

Pell Grant

$5,191

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,492

$30,001 - $48,000

$4,448

$48,001 - $75,000

$3,937

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Guayama

Average Loan Amount Average Loan Amount received per year.

$2,920/Year

Students Taking Out Loans

11%

Loan Default Rate

2.7%

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