by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Caribbean University-Bayamon can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Caribbean University - Bayamon deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Caribbean University-Bayamon.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Caribbean University-Bayamon, 97% of first-time, full-time freshmen received some form of financial aid around 152 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $5,170 |
| Institutional grants & scholarships | 28% | $3,012 |
| Federal Pell grants | 92% | $4,440 |
| State/local grants | 0% | — |
| Federal student loans | 15% | $4,964 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, approximately 88% of undergraduates were awarded grant or scholarship aid averaging $9,042 (covering around 590 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $9,042 |
| Federal Pell grants | 77% | $6,153 |
| Federal student loans | 26% | $5,319 |
Title-IV recipients living on campus saw average grant aid of $5,170.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,392 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $4,665 |
| Off-campus title-IV students | $6,392 |
For a customized cost estimate, visit Caribbean University - Bayamon’s net price tool: www.caribbean.edu/netprice/index.html.
Graduating students at Caribbean University - Bayamon carry a median federal student debt of $7,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,000 |
| Median federal debt (graduates only) | $10,500 |
| Typical 10-year monthly payment (graduates) | $111.32/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Caribbean University - Bayamon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,850 |
| 25th percentile | $3,500 |
| 75th percentile | $13,600 |
| 90th percentile (highest-debt students) | $22,250 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,063 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,750 |
| Continuing-generation students | $8,217 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,650 |
These indicators are derived from the underlying debt data and summarize the overall picture at Caribbean University - Bayamon.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at Caribbean University - Bayamon:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10968 |
| Total Stafford loan amount | $153,554,607 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $19,668 |
| Average GI Bill amount per recipient | $3,278 |
References
More about our data sources and methodologies.