$5,273

Avg. Federal Grant

$4,759

Avg. Federal Loan

$8,078,477

Total Aid Awarded

University of New Mexico-Gallup Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$8.078M

Financial Aid Official Website

www.gallup.unm.edu/vert/paying-college/financial-aid/index.php

Notably, 95% of the students at University of New Mexico-Gallup Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,279,008. One can visit UNMGC's financial aid page at http://www.gallup.unm.edu/vert/paying-college/financial-aid/index.php for more information. Notably, a total of 82% of the applicants to University of New Mexico-Gallup Campus receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 9% get the Institution Grant, and 82% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,003, and the same stands at $793 for State Grant awardees and $935 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,211. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UNMGC, an estimated number of 9% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

82%

State Grant Aid

66%

Institution Grant Aid

5%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$5,273

State Grant Aid

$2,574

Institution Grant Aid

$1,525

Pell Grant

$5,268

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,602

$30,001 - $48,000

$4,680

$48,001 - $75,000

$3,686

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for University of New Mexico-Gallup

Average Loan Amount Average Loan Amount received per year.

$4,759/Year

Students Taking Out Loans

14%

Loan Default Rate

11.9%

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