$5,451

Avg. Federal Grant

$1,630

Avg. Federal Loan

$88,757,105

Total Aid Awarded

New Mexico State University (NMSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$88.757M

Financial Aid Official Website

fa.nmsu.edu/

New Mexico State University (NMSU), Las Cruces, New Mexico, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $88,757,105 in financial aid through scholarships, grants, loans, and work-study assistance.

Scholarships

University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. NMSUs merit-based scholarships are offered through the following programs:

  • NMSU Merit Scholarship is awarded to the students based on the strength of their academic record

  • President’s Scholarship is offered to the fresher students of the university.

  • Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.

  • Faculty Scholarship, awarded to those who scored excellent high school grades.

  • University Scholarship awarded based on a combination of ACT/SAT scores.

Grants

Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:

Federal Grants

  • Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.

  • Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.

State Grants

  • New Mexico Resident Scholarship, is awarded to the students who are residents of Mexico.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

75%

Institution Grant Aid

65%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,451

State Grant Aid

$4,577

Institution Grant Aid

$8,847

Pell Grant

$5,010

A federal grant is also an option for you if you meet the eligibility criteria, 49% of candidates cover up their expenses and the average of it is $5,451. The Pell grants average amount is $5,010 and serves 48% candidates.

In addition to these, the state grants also cover up the expenses of 75% of pupils and the average of it is  $4,577. You might depend upon the institutional scholarships and grants as almost 65% of all students get hold of them and the average of them is $8,847.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,931

$30,001 - $48,000

$11,063

$48,001 - $75,000

$8,215

$75,001 - $110,000

$6,353

Over $110,000

$5,766

A student having an annual family income of less than $30,000 might face an aid amount of $11,931 as the net aid price. You will find this amount to be lowered up to $11,063 in case of an income between the range of $30,001-$48,000.

The aid price decreases gradually as we talk about higher income brackets. For example, a family income ranging from $48,001-$75,000 might make your net price look $8,215 and for a range of $75,001-$110,000, your net aid price will amount to $6,353.

Student Loans for New Mexico State University (NMSU)

Average Loan Amount Average Loan Amount received per year.

$1,734/Year

Students Taking Out Loans

32%

Loan Default Rate

N/A

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