How Many Students Receive Financial Aid?
Central New Mexico Community College's standard financial aid deal for incoming first year students is $8,419. Approximately 81.0% of first year students receive some financial aid, most of which is in the form of scholarships and grants.
Loans are a part of financial aid offers, even so the only true discount off of the expense of college is a grant or scholarship that you don't have to repay.
Worried about the student loans that may be included in your financing deal? See the average amount of debt per student at Central New Mexico Community College.
Number of Central New Mexico Community College Grants & Scholarships
The following grants and scholarships are made up of mainly federally provided grants, and some local and state grants. 58.0% of first years at Central New Mexico Community College (1,320 total) were awarded a federal grant, averaging $5,314. In addition to grants, 27.0% of first years (603 total) got scholarships by the college, totaling $672 per person.
Check out the usual quantity of scholarships and grants first years get by studying the graph below.
Grants are typically based on need while scholarships are merit-based.
How Income Level Affects Aid
The following table shows scholarship and grant distributions by income for freshmen receiving any sort of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 36.5% | $6,951 |
| Income 30k-48k | 14.0% | $5,929 |
| Income 48k-75k | 7.4% | $3,879 |
| Income 75k-110k | 1.8% | $1,909 |
| Income 110k + | 0.5% | $315 |
The chart above shows students who are receiving Title IV aid which is federal aid from the government including grants, loans, and work-study. Learn more.
The Typical Undergrad Who Gets a Scholarship or Grant Obtains $4,858
Of the 23,553 undergrads at Central New Mexico Community College around 38.0% (8,958 in total) obtain some kind of grant aid. The standard quantity given was $4,858. The most of which are in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page for more information.
Financial Aid Links from Central New Mexico Community College
| Financial Aid Department Website | www.cnm.edu/depts/financial-aid |
| Net Price Calculator | https://www.cnm.edu/ext/financial-aid-calculator/npcalc.htm |
