As many as 96% of the students at PCUPRP get some sort of financial aid, and the total amount of assistance/loans provided is more than $12,672,775 in a year. One can visit PCUPRP's financial aid page at http://www.pucpr.edu/estudiantes-nuevos/ayudas-economicas/ for more information. Notably, a total of 88% of the applicants to Pontifical Catholic University of Puerto Rico-Ponce receive the Federal Grant every year. In comparison, 93% of the students are awarded the Student Grant, 30% get the Institution Grant, and 88% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,903, and the same stands at $585 for State Grant awardees and $1,013 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,431. 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 $5,529 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. Those with an annual income level of $75,001-$110,000 would receive $629, while candidates with more than $110,000 of family income receive an average federal aid of $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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Pontifical Catholic University of Puerto Rico-Ponce, the percentage of candidates who opt to avail of student loans is around 37%.