$5,580

Avg. Federal Grant

$3,789

Avg. Federal Loan

$140,574,179

Total Aid Awarded

University of Texas Rio Grande Valley (UTRGV) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$140.574M

Financial Aid Official Website

www.utrgv.edu/en-us/admissions/paying-for-college/financial-aid/

It is interesting to note that, every year, around 90% of students at TUTRGV receive some kind of financial aid, while the total amount of assistance/loans provided is $45,264,209. At TUTRGV, the total percentage of applicants who receive the Federal Grant stands at 67%. On the other hand, 86% of the candidates get the Student Grant, 47% receive the Institution Grant, and 67% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,745, while the same comes to $4,937 for State Grant receivers and $2,908 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,215. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 20% of the applicants to The University of Texas Rio Grande Valley opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

68%

Institution Grant Aid

39%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,580

State Grant Aid

$4,590

Institution Grant Aid

$2,597

Pell Grant

$5,523

With Federal grants and pell grants having the highest contribution percentage of 63% with an average aid amount of $4749and $4608 respectively. Institutional grants having the contribution percentage of 36% with an average aid of $6225 and state grants having lowest contribution of 9% with aid amount of $2112.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,909

$30,001 - $48,000

$10,025

$48,001 - $75,000

$6,425

$75,001 - $110,000

$2,264

Over $110,000

$1,444

Here the table shows that lower the family income higher the financial aid is provided .It is basically to help the students get the degree irrespective of their financial background.for those whose family income is under $30000 they can expect the amount of aid i.e $4491, family income between $30001 to $48000 can expect the aid of $4997, family income between $48001 to $75000 gets the aid of $2608 and over $110000 gets the amount $0.

Student Loans for University of Texas Rio Grande Valley (UTRGV)

Average Loan Amount Average Loan Amount received per year.

$3,790/Year

Students Taking Out Loans

22%

Loan Default Rate

8.4%