Financial Aid at NMMI

Financial Aid Amount Received

$9,559 (75.54% of tuition & fees)

Percent of Financial Aid Received

77% of 412 students

All Undergraduate Students Financial Aid

323 undergraduate students (77% of all students) have received grants, scholarship, and/or federal student loans at New Mexico Military Institute. The percentage of students received financial aid extremely higher compared to Public, 2-4 Years Colleges in New Mexico.

The average amount of grants of scholarship aid is $9,559 and the average loan amount is $3,516. The average financial aid amount is 75.54% of tuition & fees based on out-of-state rate (tuition & fees: $12,654).

Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or scholarship aid	323	77%	$3,087,536	$9,559
Pell Grants	121	29%	$517,775	$4,279
Federal Students Loans	44	11%	$154,687	$3,516

Undergraduate Student Financial Aid Comparison Chart

First-time Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	211	97%	-	-
Grant or scholarship aid	211	97%	$1,683,286	$7,978
Federal Grants	71	33%	$379,681	$5,348
Pell Grants	71	33%	$319,786	$4,504
Other Federal Grants	20	9%	$59,895	$2,995
State/Local Grants	13	6%	$9,150	$704
Institutional Grants	208	96%	$1,294,455	$6,223
Student Loans	38	18%	$64,944	$1,709
Federal Student Loans	38	18%	$64,944	$1,709
Other Student Loans	0	0%	$0	$0

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (in most case freshmen), 211 students have received one or more types of financial aid at New Mexico Military Institute.

The average amount of federal, state, local or institutional grant aid is $7,978 and the average amount of student loans awarded to full-time first-time undergraduate students is $1,709.

Next table shows the financial data by type of aid at New Mexico Military Institute.

Financial Aid by Income Level

Next table summarizes the number of schools receiving financial aid and its average amount by income levels at New Mexico Military Institute.

Income Level	# of Students	# of Students Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
All Income Level	-	-	$670,276	$10,639
0 - $30,000	27	27	$369,926	$13,701
$30,001 - $48,000	16	16	$206,183	$12,886
$48,001 - $75,000	10	10	$64,498	$6,450
$75,001 - $110,000	4	4	$11,800	$2,950
$110,001 - more	6	4	$17,869	$2,978