$5,220

Avg. Federal Grant

$3,130

Avg. Federal Loan

$13,601,457

Total Aid Awarded

University of Puerto Rico-Cayey Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$13.601M

Financial Aid Official Website

cayey.upr.edu/decanato-de-estudiantes/asistencia-economica/

Notably, 80% of the students at University of Puerto Rico-Cayey get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $744,607. More information regarding the financial assistance schemes can be accessed on UPRC’s official financial aid page at http://cayey.upr.edu/decanato-de-estudiantes/asistencia-economica/. Notably, a total of 76% of the applicants to University of Puerto Rico-Cayey receive the Federal Grant every year. On the other hand, 80% of the candidates get the Student Grant, 17% receive the Institution Grant, and 74% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,492, the State Grant receivers and Institution Grant beneficiaries get $279 and $1,452, respectively. And, for the Pell Grant awardees, the average aid amount is $5,206. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Puerto Rico-Cayey, the percentage of candidates who opt to avail of student loans is around 2%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

37%

Institution Grant Aid

11%

Pell Grant

77%

Average Aid Awarded

Federal Grant Aid

$5,220

State Grant Aid

$260

Institution Grant Aid

$1,488

Pell Grant

$5,063

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,427

$30,001 - $48,000

$4,855

$48,001 - $75,000

$2,822

$75,001 - $110,000

$1,428

Over $110,000

N/A

Student Loans for University of Puerto Rico-Cayey

Average Loan Amount Average Loan Amount received per year.

$3,130/Year

Students Taking Out Loans

1%

Loan Default Rate

6.5%

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