Scholarships, Grants, and Loan Trends at Inter American University of Puerto Rico-Fajardo

-6%

Received Percent Changed

$311

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,604, which is 91.67 % of all undergraduate students. 241 students which is 13.44% of undergraduate students received federal student loans and the average loan amount is $4,055.

For full-time, first-time beginning students (freshmen), 96.89% of students received grants or scholarships and 3% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Inter American University of Puerto Rico-Fajardo since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,604, which is 91.67 % of all undergraduate students. 241 students which is 13.44% of undergraduate students received federal student loans and the average loan amount is $4,055.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,962 (93%)$5,5211,812 (86%)$4,594353 (17%)$4,046
2015-161,922 (93%)$5,1821,797 (87%)$4,641234 (11%)$3,362
2016-171,845 (93%)$5,2241,733 (87%)$4,684271 (14%)$3,578
2017-181,713 (86%)$5,0141,687 (85%)$4,756265 (13%)$3,945
2018-191,541 (88%)$5,2421,500 (85%)$4,991271 (15%)$4,157
2019-201,692 (93%)$6,0171,555 (86%)$5,112278 (15%)$4,384
2020-211,405 (93%)$6,1111,250 (83%)$5,105183 (12%)$4,379
2021-221,306 (99%)$8,1071,087 (83%)$5,026149 (11%)$4,287
2022-231,050 (87%)$5,8321,011 (83%)$5,521162 (13%)$4,355
Average1,604 (91.67%)$5,8061,492 (85.00%)$4,937241 (13.44%)$4,055
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 348 (96.89 % of students) received grants or scholarships and its average amount is $6,109. It can cover 105.69% of tuition & fees ($5,780).

In addition, 10 (3.13 % of students) students get helped from the students loans (average amount : $3,573).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15430 (96%)$5,4355 (1%)$4,478
2015-16453 (98%)$5,1992 (0%)$3,818
2016-17370 (97%)$5,2704 (1%)$2,883
2017-18387 (93%)$5,2467 (2%)$4,090
2018-19364 (99%)$5,23323 (6%)$3,260
2019-20407 (98%)$6,61120 (5%)$3,563
2020-21266 (97%)$6,9948 (3%)$2,412
2021-22224 (99%)$8,8643 (1%)$3,464
2022-23235 (95%)$6,12816 (6%)$4,188
Average348 (96.89%)$6,10910 (3.13%)$3,573
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 337 (93.33 % of students) received Pell (federal) grants and its average amount is $5,302.

In addition, 46 students received State/local government grants/scholarships (12.38 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15420 (94%)$4,898237 (53%)$597204 (46%)$35588 (20%)$750
2015-16440 (95%)$5,036207 (45%)$326104 (22%)$181113 (24%)$469
2016-17366 (96%)$5,067111 (29%)$2107 (2%)$51057 (15%)$1,200
2017-18381 (92%)$4,996129 (31%)$34743 (10%)$79386 (21%)$559
2018-19343 (93%)$5,283137 (37%)$29312 (3%)$56186 (23%)$534
2019-20394 (94%)$5,480370 (89%)$1,28211 (3%)$570113 (27%)$450
2020-21261 (95%)$5,518225 (82%)$1,68529 (11%)$56653 (19%)$466
2021-22202 (89%)$5,490218 (96%)$3,9234 (2%)$57027 (12%)$715
2022-23228 (92%)$5,948198 (80%)$3331 (0%)$60045 (18%)$387
Average337 (93.33%)$5,302204 (60.22%)$1,00046 (12.38%)$52374 (19.89%)$614
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 10 (3.13 % of students) get any students loan help and its average loan amount is $10.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-155 (1%)$4,4785 (1%)$4,478--
2015-162 (0%)$3,8182 (0%)$3,818--
2016-174 (1%)$2,8834 (1%)$2,883--
2017-187 (2%)$4,0907 (2%)$4,090--
2018-1923 (6%)$3,26023 (6%)$3,260--
2019-2020 (5%)$3,56320 (5%)$3,563--
2020-218 (3%)$2,4128 (3%)$2,412--
2021-223 (1%)$3,4643 (1%)$3,464--
2022-2316 (6%)$4,18816 (6%)$4,188--
Average10 (3.13%)$3,57310 (3.13%)$3,573--

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