$5,274

Avg. Federal Grant

$3,041

Avg. Federal Loan

$21,078,018

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

94%

State Grant Aid

9%

Institution Grant Aid

42%

Pell Grant

94%

Average Aid Awarded

Federal Grant Aid

$5,274

State Grant Aid

$542

Institution Grant Aid

$663

Pell Grant

$5,203

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,712

$30,001 - $48,000

$5,013

$48,001 - $75,000

$3,369

$75,001 - $110,000

$2,414

Over $110,000

N/A

Student Loans for Inter American University of Puerto Rico-Ponce

Average Loan Amount Average Loan Amount received per year.

$3,041/Year

Students Taking Out Loans

4%

Loan Default Rate

2.7%

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