Inter American University of Puerto Rico-Metro Financial Aid and Scholarships
Students Receiving Aid
75%
Total Aid Amount
$19.971M
Financial Aid Official Website
www.metro.inter.edu/asistencia-economica/
It is interesting to note that, every year, around 92% of students at IAUPRM receive some kind of financial aid, while the total amount of assistance/loans provided is $9,632,307. For additional information about financial assistance schemes, one can head over to IAUPRM’s financial aid page at http://www.metro.inter.edu/asistencia-economica/. The total percentage of candidates applying to Inter American University of Puerto Rico-Metro who receive the Federal Grant is 83%. On the other hand, 92% of the candidates get the Student Grant, 69% receive the Institution Grant, and 83% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,129, the State Grant receivers and Institution Grant beneficiaries get $561 and $979, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,183. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $5,789 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $4,512 and $2,961, respectively. 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-Metro, the percentage of candidates who opt to avail of student loans is around 6%.