Thirty-one percent of student loan borrowers in Puerto Rico are more than nine months behind on payments, according to the U.S. Department of Education, a situation that could jeopardize access to Pell Grants at institutions with high default rates.
The federal Education Department is eliminating Hispanic-Serving Institutions and minority-focused programs, cutting $20.7 million that eight Puerto Rican universities received this academic year for research, infrastructure, and student support.
With a student body that is 97% Hispanic, Puerto Rico’s public and private universities face significant risk if a federal lawsuit to end grants for Hispanic-Serving Institutions succeeds.