Notably, 91% of the students at Northern New Mexico College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $452,769. One can visit NNMC's financial aid page at http://nnmc.edu/home/student-gateway/financial-aid/ for more information. At NNMC, the total percentage of applicants who receive the Federal Grant stands at 91%. Meanwhile, 91% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 74% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,092, the State Grant receivers and Institution Grant beneficiaries get $2,911 and $1,055, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,305. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Northern New Mexico College, the percentage of candidates who opt to avail of student loans is around 2%.