by our College Data Analytics TeamA large number 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 Polytechnic University of Puerto Rico-Miami can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does Polytechnic University of Puerto Rico - Miami offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling 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. Read on to get a sense of the financial assistance available at Polytechnic University of Puerto Rico-Miami.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 72% of the undergraduate population received grant aid that averaged $3,119 (covering around 21 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $3,119 |
| Federal Pell grants | 72% | $3,119 |
| Federal student loans | 97% | $7,979 |
The middle student in the debt distribution at Polytechnic University of Puerto Rico - Miami owes $12,830 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,830 |
| Median federal debt (graduates only) | $22,564 |
| Typical 10-year monthly payment (graduates) | $239.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Polytechnic University of Puerto Rico - Miami.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,668 |
| 75th percentile | $22,500 |
| 90th percentile (highest-debt students) | $34,169 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,542 |
| Middle income | $12,666 |
| High income | $15,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,666 |
A handful of calculated indicators summarize the debt outlook at Polytechnic University of Puerto Rico - Miami.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at Polytechnic University of Puerto Rico - Miami:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12713 |
| Total Stafford loan amount | $247,992,350 |
References
More about our data sources and methodologies.