Financial Aid at NMSU

Financial Aid Amount Received

$10,038 (43.50% 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, scholarship, and/or federal student loans at New Mexico State University-Main Campus. The percentage of students received financial aid average compared to Public, 4-Years or High Colleges in New Mexico. Compare to similar schools in rankings such as Utah State University and Michigan Technological University, the percentage of students received financial aid is higher (the average of the schools is 64.10%).

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 43.50% of tuition & fees based on out-of-state rate (tuition & fees: $23,076).

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 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

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

For the full-time, first-time undergraduate students (in most case freshmen), 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.

Next table shows the financial data by type of aid at New Mexico State University-Main Campus.

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 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