by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Western New Mexico University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Western New Mexico University offer, and what will you qualify for? Keep reading for more information. Keep reading to learn how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Western New Mexico University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Western New Mexico University, 98% of first-time, full-time freshmen received some form of financial aid around 310 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $12,666 |
| Institutional grants & scholarships | 23% | $8,646 |
| Federal Pell grants | 49% | $5,697 |
| State/local grants | 65% | $8,817 |
| Federal student loans | 24% | $5,257 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, approximately 68% of undergraduates were awarded grant or scholarship aid averaging $13,441 (across roughly 1770 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $13,441 |
| Federal Pell grants | 43% | $5,328 |
| Federal student loans | 22% | $6,236 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $13,040.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,820 |
| $30,001 – $75,000 | $8,261 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $8,522 |
| Off-campus title-IV students | $7,912 |
For an estimate tailored to your family circumstances, see Western New Mexico University’s official net price calculator: [wnmu.edu/external_content/NetPriceCalculator2023 - nohousing/](https://wnmu.edu/external_content/NetPriceCalculator2023 - nohousing/).
The median student at Western New Mexico University graduates with $12,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Western New Mexico University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $23,104 |
| 90th percentile (highest-debt students) | $36,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,973 |
| Middle income | $11,000 |
| High income | $11,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,800 |
| Independent students | $15,250 |
A handful of calculated indicators summarize the debt outlook at Western New Mexico University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Western New Mexico University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9101 |
| Total Stafford loan amount | $208,639,493 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 47 |
| Total GI Bill amount | $244,912 |
| Average GI Bill amount per recipient | $5,211 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 59 |
| Total DoD amount | $122,829 |
| Average DoD amount per recipient | $2,082 |
References
More about our data sources and methodologies.