As many as 99% of the students at PCUPRA get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,372,466 in a year. One can visit PCUPRA's financial aid page at http://www.pucpr.edu/estudiantes-nuevos/ayudas-economicas/ for more information. Notably, a total of 93% of the applicants to Pontifical Catholic University of Puerto Rico-Arecibo receive the Federal Grant every year. In comparison, 96% of the students are awarded the Student Grant, 18% get the Institution Grant, and 92% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,030, and the same stands at $577 for State Grant awardees and $479 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,335. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $5,529 on average in a year. The average aid amount stands at $4,326 for an annual family income between $30,001 and $48,000. This amount comes to $2,206 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $629. And, for those with a family income of more than $110,000, the amount stands at $601. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PCUPRA, an estimated number of 22% of the applicants choose to go for student loans.