by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Institucion Chaviano de Mayaguez can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Mayaguez Institute of Technology offer, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Institucion Chaviano de Mayaguez.
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.
At Institucion Chaviano de Mayaguez, 100% of the incoming full-time class was awarded financial aid some 61 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $5,397 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 100% | $4,915 |
| State/local grants | 72% | $526 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Mayaguez Institute of Technology, roughly 97% of undergraduates were awarded grant or scholarship aid averaging $5,511 (across approximately 171 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $5,511 |
| Federal Pell grants | 97% | $4,784 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,432.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,482 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,336 |
| Off-campus title-IV students | $4,659 |
For a customized cost estimate, visit Mayaguez Institute of Technology’s online cost calculator: www.mitpr.edu/calculadora-de-costo-neto.
A handful of calculated indicators summarize the debt outlook at Mayaguez Institute of Technology.
References
More about our data sources and methodologies.