$4,757

Avg. Federal Grant

$4,174

Avg. Federal Loan

$19,971,108

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$19.971M

Financial Aid Official Website

www.metro.inter.edu/asistencia-economica/

It is interesting to note that, every year, around 92% of students at IAUPRM receive some kind of financial aid, while the total amount of assistance/loans provided is $9,632,307. For additional information about financial assistance schemes, one can head over to IAUPRM’s financial aid page at http://www.metro.inter.edu/asistencia-economica/. The total percentage of candidates applying to Inter American University of Puerto Rico-Metro who receive the Federal Grant is 83%. On the other hand, 92% of the candidates get the Student Grant, 69% receive the Institution Grant, and 83% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,129, the State Grant receivers and Institution Grant beneficiaries get $561 and $979, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,183. 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 $5,789 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $4,512 and $2,961, respectively. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Inter American University of Puerto Rico-Metro, the percentage of candidates who opt to avail of student loans is around 6%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

12%

Institution Grant Aid

71%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$4,757

State Grant Aid

$519

Institution Grant Aid

$896

Pell Grant

$4,653

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,734

$30,001 - $48,000

$4,830

$48,001 - $75,000

$3,417

$75,001 - $110,000

$3,019

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Metro

Average Loan Amount Average Loan Amount received per year.

$4,174/Year

Students Taking Out Loans

6%

Loan Default Rate

2.7%

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