Tuition and fees was unchanged for 2017-18 at Instituto de Banca y Comercio Inc, according to the latest disclosure from the U.S. Department of Education.
Puerto Rico students paid $9,995 to attend the two-year private for-profit institution in both the 2016-17 and 2017-18 academic years.
Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 7,282 students received grants or scholarships totaling $35.89 million and 726 students took out student loans totaling more than $2.78 million.
Including all undergraduates, 14,101 students used grants or scholarships totaling $64.36 million. Another 1,248 took out $4.44 million in federal student loans.
The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
11,280
$9,995
$9,995
$9,995
$9,995
0%
Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Instituto de Banca y Comercio Inc in 2015-16.Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
7,276
96%
$35,520,919
$4,882
State / local grant or scholarship
1,197
16%
$373,797
$312
Institutional grants or scholarships
0
0%
$0
Grant or scholarship aid total
7,282
96%
$35,894,716
$4,929
Federal student loans
726
10%
$2,779,584
$3,829
Other student loans
0
0%
$0
Student loan aid
726
10%
$2,779,584
$3,829
Total student aid
7,334
97%
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