$5,532

Avg. Federal Grant

$1,168

Avg. Federal Loan

$25,848,172

Total Aid Awarded

New Mexico State University-Dona Ana Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$25.848M

Financial Aid Official Website

dacc.nmsu.edu/fa/

It is interesting to note that, every year, around 86% of students at NMSUDA receive some kind of financial aid, while the total amount of assistance/loans provided is $7,345,336. One can visit NMSUDA's financial aid page at http://dacc.nmsu.edu/fa/ for more information. The total percentage of candidates applying to New Mexico State University-Dona Ana who receive the Federal Grant is 69%. Meanwhile, 85% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,243, while the same comes to $1,179 for State Grant receivers and $1,574 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,895. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At New Mexico State University-Dona Ana, the percentage of candidates who opt to avail of student loans is around 17%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

82%

Institution Grant Aid

2%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,532

State Grant Aid

$634

Institution Grant Aid

$1,093

Pell Grant

$5,397

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,469

$30,001 - $48,000

$5,611

$48,001 - $75,000

$2,926

$75,001 - $110,000

$969

Over $110,000

$864

Student Loans for New Mexico State University-Dona Ana

Average Loan Amount Average Loan Amount received per year.

$1,180/Year

Students Taking Out Loans

21%

Loan Default Rate

15.4%

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