$5,138

Avg. Federal Grant

$5,023

Avg. Federal Loan

$5,458,469

Total Aid Awarded

University of New Mexico-Valencia County Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$5.458M

Financial Aid Official Website

valencia.unm.edu/students/financial-aid/index.html

It is interesting to note that, every year, around 92% of students at UNMVCC receive some kind of financial aid, while the total amount of assistance/loans provided is $590,694. One can visit UNMVCC's financial aid page at http://valencia.unm.edu/students/financial-aid/index.html for more information. The total percentage of candidates applying to University of New Mexico-Valencia County Campus who receive the Federal Grant is 67%. On the other hand, 91% of the candidates get the Student Grant, 26% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,717, the State Grant receivers and Institution Grant beneficiaries get $1,317 and $1,048, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,250. 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. 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 UNMVCC, an estimated number of 5% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

79%

State Grant Aid

60%

Institution Grant Aid

24%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$5,138

State Grant Aid

$1,282

Institution Grant Aid

$1,686

Pell Grant

$5,170

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,594

$30,001 - $48,000

$4,663

$48,001 - $75,000

$2,466

$75,001 - $110,000

$4,020

Over $110,000

N/A

Student Loans for University of New Mexico-Valencia County

Average Loan Amount Average Loan Amount received per year.

$5,023/Year

Students Taking Out Loans

16%

Loan Default Rate

N/A

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