Financial Aid
It is our commitment to provide an excellent service along with the proper financial aid to help you cover the costs of the Optometry Program. Students who meet the eligibility requirements are offered the combination of aids that best meets their needs.
Step 1
Get an FSA ID: The FSA ID is the username and password you use on federal student aid websites such as fafsa.gov and StudentLoans.gov. If you do not have an FSA ID, you can create one when logging into fafsa.ed.gov. Important: Only the owner of the FSA ID should create and use the account. Never share your FSA ID!
Step 2
Complete the Free Application for Federal Student Aid (FAFSA) on www.fafsa.ed.gov The result of your application will be sent to the school in the form of a Student Aid Report (SAR) in approximately 72 hours once the application is submitted. School Code G42510
Step 3
Attend to a Direct Loan Orientation Session
Step 4
Complete the Entrance Counseling on www.studentaid.gov. The EC is a mandatory information session that explains your rights and responsibilities as a borrower (only new students or if you are applying for financial aid first time in the School).
Step 5
Review the Financial Aid Award Letter on the InterWeb to accept, reduce, and/or decline your award(s) and fulfill all loan requirements before your financial aid can be credited to your student account.
Step 6
Complete the Master Promissory Note (MPN) on www.studentaid.gov. The MPN is a legal document that lists the terms and conditions under which you agree to repay the loan and explains your rights and responsibilities as a borrower (only new students or if you are applying for financial aid first time in the School).
Step 7
Visit the Bursar’s Office to accept the Registration Charges for the semester. Please refer to the Academic Calendar for deadlines.
Students must meet all of the following criteria to be eligible to receive federal student aid:
- Be a United States citizen or eligible non-citizen
- Have a valid Social Security number
- Be enrolled at least as a half time student
- Not be in default in any previous student loans
- Maintain Satisfactory Academic Progress
- Have a high school diploma or a recognized equivalent
- Be register with Selective Service, if you’re male
Federal Direct Unsubsidized Loans
Financial need is not required. The student must be enrolled at least half-time. The borrower is responsible for interest during all periods.
A fixed interest rate of 5.28% for loans first disbursed between July 1, 2021, and June 30, 2022
Origination Fee: 1.057% for loans first disbursed up to September 30, 2022
The Annual Loan Limit for students of health professions is $40,500 The Aggregate Loan Limit for combined Subsidized/Unsubsidized loans is $224,000
Federal Graduate PLUS Loan
Financial need is not required. The student must be enrolled at least half-time. A credit check is required for a Plus loan. The borrower is responsible for interest during all periods. The maximum annual amount is the student’s cost of attendance minus any other financial aid received.
A fixed interest rate of 6.28% for loans first disbursed between July 1, 2021, and June 30, 2022
Origination Fee: 4.228% for loans first disbursed up to September 30, 2022.
Institutional Scholarships
Every year an amount of Institutional funds is assigned to award scholarships to students with financial needs. Funds are also used to meet exceptional situations presented by students.
Alternative Loans
These loans provide supplemental funding when other financial aids do not cover costs. Alternative loans are also known as private loans and are offered by private lenders (banks or other financial institutions). These loans usually require a credit check. Students should first check on federal loan eligibility.
ESTIMATED COST OF ATTENDANCE 2021-2022
| ITEMS | FIRST-YEAR | SECOND-YEAR | THIRD-YEAR | FOURTH-YEAR |
| Tuition | $29,000 | $28,500 | $27,750 | $27,500 |
| Fees | $1,140 | $1,292 | $1,160 | $1,160 |
| Books, Supplies & Equipment | $7,765 | $6,472 | $1,444 | $599 |
| Room on Campus
Room off Campus |
$6,500
$7,793 |
$6,500
$7,793 |
$6,500
$7,793 |
$ 8,872 |
| Board
Board Independent living with parents |
$6,382
$4,559 |
$6,382
$4,559 |
$6,382
$4,559 |
$6,382 |
| Personal Expenses | $3,768 | $3,768 | $3,768 | $3,768 |
| Other fees | $0.00 | $0.00 | $2,525 | $2,400 |
| Transportation | $1,222 | $1,222 | $1,222 | $3,271 |
| TOTAL* | $55,777 | $54,136 | $50,751 | $53,952 |
*Totals of First, Second, and Third Year were calculated using Room on Campus and Independent Board items.
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TUITION, FEES, AND OTHER CHARGES 2021-2022 |
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|
TUITION |
|
|
Admission |
$ 31.00 with application |
|
Regular Students First Second Third Fourth |
$29,000.00 $28,500.00 $27,750.00 $27,500.00 |
|
Summer & Special Students |
$1,500.00 |
|
Auditing Without Credit |
50% |
|
FEES |
|
|
General Fees |
$ $ 50.00 |
|
Students and Cultural Activities Fees/ |
$ 62.00 |
|
Center for Access to Information |
$ $12.00 per summer session |
|
Infrastructure |
$100.00 per semester $55.00 per summer session |
|
Construction, Improvements and |
$63.00 per semester $31.00 per summer session |
|
Goods and Services Fees |
$55.00 per semester $28.00 per summer session |
|
Laboratory Fees |
$38.00 per course requiring it |
|
Clinic Fees (per course requiring it) |
$38.00 1st and 2nd year $200.00 3rd and 4th year |
|
OTHER FEES |
|
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Late registration |
$50.00 at the moment of registration |
|
Withdrawal or Changes in courses |
$6.00 upon withdrawal or change (during reimbursement period only) |
|
Deferred Payment Arrangement |
$6.00 upon arrangement |
|
Late payment on Deferred Payment (when |
$25.00 |
|
The charge made by IUPR or the company |
$26.00 per returned check |
|
Incomplete Removal |
$19.00 per course |
|
Transcript of Credits |
$6.00 per transcript |
|
Graduation |
$200.00 with application |
|
Late final examination |
$19.00 per examination |
|
Identification Card Replacement |
$7.00 with application |
|
Academic Evaluation Fee |
$10.00 with application |
|
Vehicles Access & Parking Fee |
$30.00 per semester |
|
Study Certifications |
$2.00 for each application |
|
Course additions or changes of one |
$6.00 upon change |
|
HOUSING |
|
|
Contracts are signed for a period of |
|
|
Total Cost per room |
$3,250.00 per semester $650.00 per summer session |
|
Admission Fee for Housing |
$25.00 with the application |
|
Refunds: If for some reason the student leaves the |
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Changes in Tuition and Fees
The University reserves the right to review the charges whenever:
- There is an increase in educational and general expenses and/or mandatory transfers,
- Budget projections indicate a possible increase in these costs, and/or
- After careful analysis of any particular situation, the University administration determines that such changes are reasonable and justified.
Exit Counseling is mandatory for any student borrower who drop below half-time enrollment, graduate, or leaves school.
Fiscal Year 2018 Official Cohort Default Rate
Fiscal Year 2017 Official Cohort Default Rate
Loan Repayment
Avoiding Loan Scams
Access your Federal loan history & Loan Servicer information
Manual del Estudiante Consumidor
Satisfactory Academic Progress Appeal Request Form
Guide Completing FAFSA 2021-2022
Términos y Condiciones para Aceptar Ayudas Económicas
Verification Documents
Please upload your verification documents 2021-2022 HERE
Please select the following link to complete the Request for Professional Judgment https://www.inter.edu/uploaddocjuicioprofesional/
If you need the form in English, contact the Financial Aid Office at financialaid@opto.inter.edu
| Raquel Rojas, Registration Services Officer 787-765-1915 ext. 1021 rrojas@opto.inter.edu |
| financialaid@opto.inter.edu Sirimarie Martinez Director of Student Services (Admissions and Financial Aid) 787-765-1915 ext. 1020 smartinez@opto.inter.edu |
NSLDS Disclosure Students and parents who enter into a loan agreement with Federal Direct Loans will have their loan information submitted to NSLDS (the National Student Loans Data System) which is accessible by authorized agencies, lenders, and institutions.
