It is interesting to note that, every year, around 93% of students at UPRA receive some kind of financial aid, while the total amount of assistance/loans provided is $544,150. For additional information about financial assistance schemes, one can head over to UPRA’s financial aid page at http://www.upra.edu/asec/ayudas.html. Notably, a total of 91% of the applicants to University of Puerto Rico-Arecibo receive the Federal Grant every year. In comparison, 93% of the students are awarded the Student Grant, 19% get the Institution Grant, and 91% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,298, while the same comes to $150 for State Grant receivers and $479 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $2,696. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.