by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Inter American University of Puerto Rico-Arecibo can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will Inter American University of Puerto Rico - Arecibo offer you, and what will you qualify for? Read on for more information. Keep going to see how much school funding could be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Inter American University of Puerto Rico-Arecibo.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Inter American University of Puerto Rico-Arecibo, 96% of first-year full-time students received aid of some kind approximately 370 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $7,216 |
| Institutional grants & scholarships | 82% | $608 |
| Federal Pell grants | 92% | $6,751 |
| State/local grants | 24% | $600 |
| Federal student loans | 2% | $3,728 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Inter American University of Puerto Rico - Arecibo, some 81% of undergraduates were awarded grant or scholarship aid averaging $6,543 (covering around 2005 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,543 |
| Federal Pell grants | 77% | $6,218 |
| Federal student loans | 15% | $4,686 |
For on-campus title-IV students, average grant aid came to $7,408.
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 | $7,935 |
| $30,001 – $75,000 | $8,887 |
| Over $75,000 | $12,697 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $9,217 |
| Off-campus title-IV students | $8,036 |
To get a personalized net price estimate, try Inter American University of Puerto Rico - Arecibo’s net price calculator: www.arecibo.inter.edu/npc.
Graduating students at Inter American University of Puerto Rico - Arecibo carry a median federal student debt of $6,750 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,750 |
| Median federal debt (graduates only) | $9,000 |
| Typical 10-year monthly payment (graduates) | $95.41/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. Use the percentiles below to see the debt range at Inter American University of Puerto Rico - Arecibo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,980 |
| 25th percentile | $2,750 |
| 75th percentile | $5,500 |
| 90th percentile (highest-debt students) | $9,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,188 |
| Middle income | $8,250 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,750 |
| Continuing-generation students | $6,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,050 |
| Independent students | $8,000 |
The figure below distills the debt data into a single burden category for Inter American University of Puerto Rico - Arecibo.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Inter American University of Puerto Rico - Arecibo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12175 |
| Total Stafford loan amount | $138,854,581 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 53 |
| Total GI Bill amount | $189,023 |
| Average GI Bill amount per recipient | $3,566 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.