by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at New Mexico Highlands University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will New Mexico Highlands University offer you, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from New Mexico Highlands 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.
Among first-time, full-time freshmen at New Mexico Highlands University, 92% of entering full-time freshmen got some type of financial assistance approximately 203 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $9,722 |
| Institutional grants & scholarships | 64% | $4,057 |
| Federal Pell grants | 54% | $5,941 |
| State/local grants | 72% | $4,042 |
| Federal student loans | 23% | $4,120 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 78% of undergrads got grants or scholarships worth on average $9,746 (among about 1338 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $9,746 |
| Federal Pell grants | 45% | $6,083 |
| Federal student loans | 18% | $5,429 |
For on-campus title-IV students, average grant aid came to $6,030.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,650 |
| $30,001 – $75,000 | $14,726 |
| Over $75,000 | $14,499 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,838 |
| Off-campus title-IV students | $14,141 |
To project your own net price, use New Mexico Highlands University’s net price calculator: [tcc.ruffalonl.com/New Mexico Highlands University/Freshman-Students](https://tcc.ruffalonl.com/New Mexico Highlands University/Freshman-Students).
Graduating students at New Mexico Highlands University carry a median federal student debt of $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $11,399 |
| Typical 10-year monthly payment (graduates) | $120.85/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at New Mexico Highlands University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,669 |
| 25th percentile | $4,500 |
| 75th percentile | $18,500 |
| 90th percentile (highest-debt students) | $25,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,557 |
| Middle income | $8,875 |
| High income | $9,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,501 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $10,500 |
The figure below distills the debt data into a single burden category for New Mexico Highlands University.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at New Mexico Highlands University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10052 |
| Total Stafford loan amount | $221,012,556 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $106,808 |
| Average GI Bill amount per recipient | $3,815 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $2,325 |
| Average DoD amount per recipient | $1,163 |
References
More about our data sources and methodologies.