by our College Data Analytics TeamMost students will not be asked to pay 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 total price of attendance at Puerto Rico Advance Institute can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does Puerto Rico Advance Institute provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading 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 Puerto Rico Advance Institute.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Puerto Rico Advance Institute, 100% of entering full-time freshmen got some type of financial assistance around 2 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $7,035 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 50% | $7,395 |
| State/local grants | 50% | $6,675 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at Puerto Rico Advance Institute, about 88% of undergrads got grants or scholarships worth on average $6,675 (for some 22 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $6,675 |
| Federal Pell grants | 12% | $6,259 |
| Federal student loans | 0% | — |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,395.
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 | $2,805 |
To project your own net price, use Puerto Rico Advance Institute’s online cost calculator: www.prai2010.com/.
The figure below distills the debt data into a single burden category for Puerto Rico Advance Institute.
References
More about our data sources and methodologies.