$4,168

Avg. Federal Grant

$8,756

Avg. Federal Loan

$880,177

Total Aid Awarded

Eastern New Mexico University-Ruidoso Campus Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

35%

Total Aid Amount Average Total Aid Awarded per year.

$880.177K

Financial Aid Official Website

www.ruidoso.enmu.edu/

As many as 81% of the students at ENMURBCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $402,751 in a year. Notably, a total of 56% of the applicants to Eastern New Mexico University Ruidoso Branch Community College receive the Federal Grant every year. In comparison, 79% of the students are awarded the Student Grant, 2% get the Institution Grant, and 56% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,279. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ENMURBCC, an estimated number of 8% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

53%

Institution Grant Aid

N/A

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,168

State Grant Aid

$918

Institution Grant Aid

N/A

Pell Grant

$3,940

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,041

$30,001 - $48,000

$4,635

$48,001 - $75,000

$3,143

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Eastern New Mexico University-Ruidoso Campus

Average Loan Amount Average Loan Amount received per year.

$10,453/Year

Students Taking Out Loans

4%

Loan Default Rate

N/A

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