by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to New Mexico State University-Alamogordo can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does NMSU Alamogordo offer you, and what will you qualify for? Keep scrolling for more information. Read on to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The figures below will help you estimate the aid you might receive from New Mexico State University-Alamogordo.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at New Mexico State University-Alamogordo, 94% of first-time, full-time freshmen received some form of financial aid roughly 103 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $6,477 |
| Institutional grants & scholarships | 6% | $1,201 |
| Federal Pell grants | 65% | $6,106 |
| State/local grants | 89% | $2,172 |
| Federal student loans | 2% | $6,062 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, roughly 41% of undergraduates were awarded grant or scholarship aid averaging $5,470 (for some 451 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $5,470 |
| Federal Pell grants | 30% | $4,951 |
| Federal student loans | 4% | $6,241 |
Title-IV recipients living on campus saw average grant aid of $8,359.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,352 |
| $30,001 – $75,000 | $6,654 |
| Over $75,000 | $10,327 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,369 |
| Off-campus title-IV students | $5,789 |
For an estimate tailored to your family circumstances, see NMSU Alamogordo’s online cost calculator: fa.nmsu.edu/npc/index.html.
Graduating students at NMSU Alamogordo carry a median federal student debt of $10,250 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,250 |
| Median federal debt (graduates only) | $17,095 |
| Typical 10-year monthly payment (graduates) | $181.24/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at NMSU Alamogordo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,468 |
| 75th percentile | $23,359 |
| 90th percentile (highest-debt students) | $36,728 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,688 |
| Middle income | $9,443 |
| High income | $10,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $11,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,000 |
| Independent students | $12,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. NMSU Alamogordo.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at NMSU Alamogordo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 55370 |
| Total Stafford loan amount | $1,161,722,294 |
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 | 25 |
| Total GI Bill amount | $34,302 |
| Average GI Bill amount per recipient | $1,372 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 37 |
| Total DoD amount | $23,656 |
| Average DoD amount per recipient | $639 |
References
More about our data sources and methodologies.