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 AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid8,842 75%$88,757,105$10,038
Pell Grants5,011 43%$23,801,032$4,750
Federal Students Loans3,888 33%$11,852,703$3,049
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Undergraduate Student Financial Aid Comparison Chart

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid2,00999%--
Grant or scholarship aid2,006 99%$24,128,435$12,028
Federal Grants999 49%$5,445,750$5,451
Pell Grants982 48%$4,919,438$5,010
Other Federal Grants452 22%$526,312$1,164
State/Local Grants1,517 75%$6,943,260$4,577
Institutional Grants1,327 65%$11,739,425$8,847
Student Loans649 32%$1,125,505$1,734
Federal Student Loans643 32%$1,047,872$1,630
Other Student Loans19 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 AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$8,615,747$10,018
0 - $30,000366 366$4,366,730$11,931
$30,001 - $48,000196 196$2,168,279$11,063
$48,001 - $75,000125 125$1,026,856$8,215
$75,001 - $110,00096 94$609,898$6,353
$110,001 - more77 76$443,984$5,766

Paid Tuition Rates by Residency

# of Students
In-District Rate0
In-State Rate1,424
Out-of-State Rate608
Un-known1

Number of Students by Living Arrangment (Freshmen)

# of Students
Living On-Campus796
Living Off-Campus225
Living with Family325
Un-known71

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