Inter American University of Puerto Rico-Ponce Financial Aid and Scholarships
Students Receiving Aid
89%
Total Aid Amount
$21.078M
Financial Aid Official Website
www.inter.edu/ayudas-economicas/
It is interesting to note that, every year, around 98% of students at IAUPRP receive some kind of financial aid, while the total amount of assistance/loans provided is $3,286,162. For additional information about financial assistance schemes, one can head over to IAUPRP’s financial aid page at http://www.inter.edu/ayudas-economicas/. At IAUPRP, the total percentage of applicants who receive the Federal Grant stands at 93%. Meanwhile, 98% of the applicants receive the Student Grant and 39% are awarded the Institution Grant, while 93% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,597, the State Grant receivers and Institution Grant beneficiaries get $561 and $674, respectively. And, for the Pell Grant awardees, the average aid amount is $4,968. 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 $5,690 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $5,075 and $2,622, respectively. 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-Ponce, the percentage of candidates who opt to avail of student loans is around 7%.
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