Notably, 92% of the students at New Mexico State University-Alamogordo get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,964,133. For additional information about financial assistance schemes, one can head over to NMSUA’s financial aid page at http://nmsua.edu/student-services/financial-aid/. At NMSUA, the total percentage of applicants who receive the Federal Grant stands at 60%. In comparison, 90% of the students are awarded the Student Grant, 51% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,235, and the same stands at $750 for State Grant awardees and $1,205 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,736. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At New Mexico State University-Alamogordo, the percentage of candidates who opt to avail of student loans is around 7%.