Western New Mexico University Financial Aid and Scholarships
Students Receiving Aid
63%
Total Aid Amount
$10.225M
Financial Aid Official Website
www.wnmu.edu/financialAid/
Among them are scholarship programs such as Western Undergraduate Exchange. It is interesting to note that, every year, around 95% of students at WNMU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,531,230. One can visit WNMU's financial aid page at http://www.wnmu.edu/financialAid/ for more information. At WNMU, the total percentage of applicants who receive the Federal Grant stands at 64%. In comparison, 93% of the students are awarded the Student Grant, 52% get the Institution Grant, and 64% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,959, the State Grant receivers and Institution Grant beneficiaries get $2,274 and $9,310, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,539. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Western New Mexico University, the percentage of candidates who opt to avail of student loans is around 54%.
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