The Importance of Understanding Financial Aid
The quantity of financial assistance you will receive, which includes access to federal loans, scholarships and grants, is going to depend upon your financial need. The knowledge provided here will tell you what you will likely be given from Caribbean University - Bayamon determined by your family's income level and other factors.
Typical Caribbean University - Bayamon FinAid Plan
$8,807 is the standard Caribbean University - Bayamon's first year financial aid plan. Approximately 96.0% of incoming students receive some type of financial assistance, most of which is scholarships and grants.
Student loans technically fall under the umbrella of 'financial aid', even so the only true college discount is a scholarship or grant that you do not have to pay back.
We feel that loan debt really should be regarded as an added expense instead of as "aid" or a "discount". Learn more on student loan debt at Caribbean University - Bayamon.
How Much Aid is Available That I Don't Have to Pay Back? (A.K.A. Scholarships & Grants)?
These grants and scholarships are composed of mainly federal grants, and some local and state awards. 95.0% of first year students at Caribbean University - Bayamon (225 total) obtained a federal grant, averaging $5,104. In addition to grants, 15.0% of first year students (35 total) were awarded scholarships by the university, averaging $2,318 per person.
Check out the usual level of scholarships and grants freshmen receive by looking at the chart below.
Scholarships are awarded based on merit, while grants are awarded due to need.
How Family Income Affects Financial Aid
Discover what amount of scholarship and grant assistance you can plan to be given determined by your family income. The chart below displays freshman students receiving federal Title IV aid which includes PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 79.7% | $5,655 |
| Income 30k-48k | 11.4% | $4,606 |
| Income 48k-75k | 3.8% | $5,206 |
| Income 75k-110k | 0.4% | $8,000 |
| Income 110k + | 0.0% | N/A |
Title IV aid features grants, loans, or work study granted by the federal government commonly determined by financial need. Learn more here.
$6,023 is the Typical Total an Undergrad Will Get in Scholarships or Grants
Of the 1,578 undergrads at Caribbean University - Bayamon about 88.0% (1,385 total) obtain some kind of grant aid. The typical quantity granted was $6,023. The majority in the form of Pell Grants.
Caribbean University - Bayamon Financial Aid Links
| Financial Aid Department Website | www.caribbean.edu/Asistencia%20Economica.html |
| Net Price Calculator | www.caribbean.edu/B7_Net%20Price%20Calcs.html |
