$5,074

Avg. Federal Grant

$4,847

Avg. Federal Loan

$14,744,506

Total Aid Awarded

The University of Texas of the Permian Basin (UTPB) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$14.745M

Financial Aid Official Website

www.utpb.edu/campus-life/financial-aid

Notably, 91% of the students at The University of Texas of the Permian Basin get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $15,636,055. The total percentage of candidates applying to The University of Texas of the Permian Basin who receive the Federal Grant is 42%. On the other hand, 86% of the candidates get the Student Grant, 71% receive the Institution Grant, and 41% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,393, while the same comes to $5,092 for State Grant receivers and $4,007 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,481. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At The University of Texas of the Permian Basin, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

41%

State Grant Aid

36%

Institution Grant Aid

71%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$5,074

State Grant Aid

$5,073

Institution Grant Aid

$4,001

Pell Grant

$5,031

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,587

$30,001 - $48,000

N/A

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

$1,700

Student Loans for The University of Texas of the Permian Basin (UTPB)

Average Loan Amount Average Loan Amount received per year.

$5,522/Year

Students Taking Out Loans

40%

Loan Default Rate

8.7%

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