The Department of Financial Aids at the University of Puerto Rico at Mayaguez administers financial aid programs to assist students with educational expenses. Even though costs at the University are considered low, each year approximately 70% of the student body qualifies for financial assistance. This assistance is provided through federal, state, institutional, and private sources. These programs include grants and scholarships which do not have to be repaid, part-time employment for students who wish to work, and loans that require repayment. Below is a summary of these aids.
1) Pell Grant
It is the main financial aid granted to students at an undergraduate level. In order to apply for this grant, follow these steps:
a) Visit the Federal Student Aid website and get a personal identification number (PIN) for you and one for your parents. This is required to sign the PELL grant.
b) Visit the FASFA website to formally apply for a PELL student grant.
2) Legislative Scholarship
This is a state funded scholarship which entitles selected undergraduate and graduate students with additional economic assistance. The award of this scholarship will be based on the economic need of the student, the determined EFC and the enrolled credits at the moment. This will be available until the budget has been depleted.
This is a joint state and federal partnership to help students in direct economic need. Click here for more information.
4) Work and Study
This program allows the student to work certain hours at the university. Work will be on an assigned area which will vary each semester and with each student. The objective of this program is to offer the student a working experience and at the same time get pay for it. For more information click here.
5) Federal Student Loans
This program provides the student with a loan at a low interest rate to contribute with the costs of studying. Other loans are available and have their own specific requirements. For more information click here.
6) Private Scholarships
There are a series of private scholarships that DO NOT require economic need and have specific requirements of their own. These are given out by private institutions such as companies, individuals, non-profits and philanthropic organizations. It is recommended that all interested students, comply with all the required documents per the Financial Aid department. This will be helpful in expediting the process. For more information click here.
More information regarding these financial aid options can be found on the Financial Aid web site . Click here to be redirected to the department’s website.