by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What amount of ITEC-MANATI financial assistance will actually be available to you?Get answers to your questions here.
Financial Aid for First Years Students Not Known
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Instituto Tecnologico de Puerto Rico-Recinto de Manati you could end up dealing with.
As well as scholarships, 84% of freshmen (230 total) obtained a federal grant, for about $2,038.00 a piece.
These scholarships and grants are composed of primarily federal grants, and some state and local awards.
84% of first years at Instituto Tecnologico de Puerto Rico-Recinto de Manati (230 total) obtained a federal grant, averaging $2,038.00.
Amount of Financial Assistance Per Income Level
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 76.36% | $2,048.00 |
| Income 30k-48k | 6.91% | $1,979.00 |
| Income 48k-75k | 0.36% | $1,018.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
84% of the 275 undergraduates at Instituto Tecnologico de Puerto Rico-Recinto de Manati receive some sort of grant aid. This is a total of about 230 students getting an average of $2,473.00 per person.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
