How Puerto Rico Conservatory of Music's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Puerto Rico Conservatory of Music since 2013.

For that period, the average number of students who received grants aid/scholarships is 258, which is 65.11 % of all undergraduate students. 83 students which is 20.56% of undergraduate students received federal student loans and the average loan amount is $4,148.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	282 (64%)	$4,873	282 (64%)	$4,669	88 (20%)	$4,661
2014-15	271 (62%)	$4,735	271 (62%)	$4,512	106 (24%)	$3,852
2015-16	255 (60%)	$4,712	248 (58%)	$486	92 (22%)	$3,479
2016-17	267 (63%)	$4,663	267 (63%)	$4,500	108 (26%)	$4,102
2017-18	262 (61%)	$4,809	262 (61%)	$4,611	102 (24%)	$4,279
2018-19	247 (64%)	$5,029	247 (64%)	$4,814	81 (21%)	$4,694
2019-20	256 (70%)	$5,244	256 (70%)	$4,968	76 (21%)	$4,098
2020-21	237 (66%)	$5,099	237 (66%)	$4,890	47 (13%)	$4,549
2021-22	246 (76%)	$5,261	220 (68%)	$4,930	44 (14%)	$3,618
Average	258 (65.11%)	$4,936	254 (64.00%)	$4,264	83 (20.56%)	$4,148

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

Overview

For the last 10 years, on average, 18 (70.89 % of students) received grants or scholarships and its average amount is $4,977. It can cover 147.69% of tuition & fees ($3,370) based on out-of-state rate.

In addition, 3 (10.86 % of students) students get helped from the students loans (average amount : $3,361).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	21 (88%)	$5,356	3 (13%)	$2,227
2014-15	12 (63%)	$5,189	1 (5%)	$1,732
2015-16	16 (70%)	$4,552	2 (9%)	$3,959
2016-17	14 (61%)	$5,448	1 (4%)	$3,464
2017-18	14 (67%)	$4,928	5 (24%)	$4,484
2018-19	13 (72%)	$5,418	2 (11%)	$3,464
2019-20	58 (73%)	$5,291	8 (10%)	$4,195
2020-21	10 (77%)	$5,295	-	-
2021-22	8 (67%)	$3,318	-	-
Average	18 (70.89%)	$4,977	3 (10.86%)	$3,361

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 18 (69.33 % of students) received Pell (federal) grants and its average amount is $4,894.

In addition, 7 students received State/local government grants/scholarships (30.75 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	21 (88%)	$5,065	7 (29%)	$171	18 (75%)	$272	-	-
2014-15	11 (58%)	$5,365	1 (5%)	$750	12 (63%)	$208	-	-
2015-16	14 (61%)	$5,003	10 (43%)	$200	10 (43%)	$79	-	-
2016-17	14 (61%)	$5,315	3 (13%)	$200	4 (17%)	$315	-	-
2017-18	14 (67%)	$4,803	2 (10%)	$558	2 (10%)	$315	-	-
2018-19	13 (72%)	$5,264	3 (17%)	$250	4 (22%)	$315	-	-
2019-20	58 (73%)	$4,886	16 (20%)	$300	6 (8%)	$315	30 (38%)	$559
2020-21	10 (77%)	$5,145	2 (15%)	$750	-	-	-	-
2021-22	8 (67%)	$3,204	5 (42%)	$150	1 (8%)	$158	-	-
Average	18 (69.33%)	$4,894	5 (21.56%)	$370	7 (30.75%)	$247	30 (38.00%)	$559

^*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..

Student Loans

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, 3 (10.86 % of students) get any students loan help and its average loan amount is $3.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	3 (13%)	$2,227	3 (13%)	$2,227	-	-
2014-15	1 (5%)	$1,732	1 (5%)	$1,732	-	-
2015-16	2 (9%)	$3,959	2 (9%)	$3,959	-	-
2016-17	1 (4%)	$3,464	1 (4%)	$3,464	-	-
2017-18	5 (24%)	$4,484	5 (24%)	$4,484	-	-
2018-19	2 (11%)	$3,464	2 (11%)	$3,464	-	-
2019-20	8 (10%)	$4,195	8 (10%)	$4,195	-	-
2020-21	-	-	-	-	-	-
2021-22	-	-	-	-	-	-
Average	3 (10.86%)	$3,361	3 (10.86%)	$3,361	-	-