Inter American University of Puerto Rico-Arecibo Financial Aid and Scholarships
Students Receiving Aid
89%
Total Aid Amount
$17.683M
Financial Aid Official Website
asistencia.inter.edu/a/index.php
It is interesting to note that, every year, around 96% of students at IAUPRA receive some kind of financial aid, while the total amount of assistance/loans provided is $3,870,213. For additional information about financial assistance schemes, one can head over to IAUPRA’s financial aid page at http://asistencia.inter.edu/a/index.php. At IAUPRA, the total percentage of applicants who receive the Federal Grant stands at 93%. In comparison, 96% of the students are awarded the Student Grant, 36% get the Institution Grant, and 93% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,229. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,431 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $4,924, while those falling in the $48,001-$75,000 income category get $2,860 a year. 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 Inter American University of Puerto Rico-Arecibo, the percentage of candidates who opt to avail of student loans is around 7%.
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