University of Puerto Rico-Cayey Financial Aid and Scholarships
Students Receiving Aid
72%
Total Aid Amount
$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%.
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