Financial Aid at NMSU
Financial Aid Amount Received
$10,038 (42.24% of tuition & fees)
Percent of Financial Aid Received
75% of 11,687 students
All Undergraduate Students Financial Aid
8,842 undergraduate students (75% of all students) have received grants, scholarships, and/or federal student loans at New Mexico State University-Main Campus. The percentage of students who received financial aid average compared to Public, 4-Years Colleges in New Mexico.
Compare to similar schools in rankings such as University of Toledo and University of Iowa, the percentage of students who received financial aid is higher (the average of the schools is 65.70%).
The average amount of grants of scholarship aid is $10,038 and the average loan amount is $3,049. The average financial aid amount is 42.24% of tuition & fees based on out-of-state rate (tuition & fees: $23,767).
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 | 8,842 | 75% | $88,757,105 | $10,038 |
| Pell Grants | 5,011 | 43% | $23,801,032 | $4,750 |
| Federal Students Loans | 3,888 | 33% | $11,852,703 | $3,049 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 2,006 students have received one or more types of financial aid at New Mexico State University-Main Campus.
The average amount of federal, state, local or institutional grant aid is $12,028 and the average amount of student loans awarded to full-time first-time undergraduate students is $1,734.
The following table shows the financial data by type of aid at New Mexico State University-Main Campus.
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 | 2,009 | 99% | - | - |
| Grant or scholarship aid | 2,006 | 99% | $24,128,435 | $12,028 |
| Federal Grants | 999 | 49% | $5,445,750 | $5,451 |
| Pell Grants | 982 | 48% | $4,919,438 | $5,010 |
| Other Federal Grants | 452 | 22% | $526,312 | $1,164 |
| State/Local Grants | 1,517 | 75% | $6,943,260 | $4,577 |
| Institutional Grants | 1,327 | 65% | $11,739,425 | $8,847 |
| Student Loans | 649 | 32% | $1,125,505 | $1,734 |
| Federal Student Loans | 643 | 32% | $1,047,872 | $1,630 |
| Other Student Loans | 19 | 1% | $77,633 | $4,086 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at New Mexico State University-Main Campus.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $8,615,747 | $10,018 |
| 0 - $30,000 | 366 | 366 | $4,366,730 | $11,931 |
| $30,001 - $48,000 | 196 | 196 | $2,168,279 | $11,063 |
| $48,001 - $75,000 | 125 | 125 | $1,026,856 | $8,215 |
| $75,001 - $110,000 | 96 | 94 | $609,898 | $6,353 |
| $110,001 - more | 77 | 76 | $443,984 | $5,766 |
Paid Tuition Rates by Residency
At New Mexico State University-Main Campus, for the first-time/full-time students, 1,424 students have paid in-state rate of tuition and 608 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 1,424 |
| Out-of-State Rate | 608 |
| Un-known | 1 |
Number of Students by Living Arrangement (Freshmen)
At New Mexico State University-Main Campus, 796 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 225 students live off-campus. In addition, 325 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 796 |
| Living Off-Campus | 225 |
| Living with Family | 325 |
| Un-known | 71 |