$5,213

Avg. Federal Grant

$4,495

Avg. Federal Loan

$9,806,071

Total Aid Awarded

New Mexico Highlands University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$9.806M

Financial Aid Official Website

www.newmexicohighlands.com/admissions/financial-aid/

Notably, 95% of the students at New Mexico Highlands University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,496,490. For additional information about financial assistance schemes, one can head over to NMHU’s financial aid page at http://www.newmexicohighlands.com/admissions/financial-aid/. At NMHU, the total percentage of applicants who receive the Federal Grant stands at 60%. Meanwhile, 92% of the applicants receive the Student Grant and 72% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,377, while the same comes to $1,425 for State Grant receivers and $3,876 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,428. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 29% of the applicants to New Mexico Highlands University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

47%

Institution Grant Aid

81%

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$5,213

State Grant Aid

$1,505

Institution Grant Aid

$3,563

Pell Grant

$5,026

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,614

$30,001 - $48,000

$7,450

$48,001 - $75,000

$4,840

$75,001 - $110,000

$4,326

Over $110,000

$1,990

Student Loans for New Mexico Highlands University

Average Loan Amount Average Loan Amount received per year.

$5,158/Year

Students Taking Out Loans

23%

Loan Default Rate

12.5%