by our College Data Analytics TeamMany 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 total cost of going to New Mexico State University-Grants can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can NMSU Grants provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The information provided on this page can help you determine how much aid you may receive from New Mexico State University-Grants.
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.
Looking at the entering class at New Mexico State University-Grants, 96% of entering full-time freshmen got some type of financial assistance (about 76 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $6,784 |
| Institutional grants & scholarships | 8% | $1,343 |
| Federal Pell grants | 68% | $6,280 |
| State/local grants | 90% | $2,153 |
| Federal student loans | 1% | $971 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At NMSU Grants, about 30% of undergrads got grants or scholarships worth on average $6,745 (among about 250 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 30% | $6,745 |
| Federal Pell grants | 24% | $5,555 |
| Federal student loans | 1% | $2,559 |
Title-IV recipients living on campus saw average grant aid of $8,446.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,334 |
| $30,001 – $75,000 | $8,820 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $68 |
| Off-campus title-IV students | $7,729 |
For a customized cost estimate, visit NMSU Grants’s net price calculator: fa.nmsu.edu/npc/index.html.
The median student at NMSU Grants graduates with $10,250 in federal student debt.
| 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.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at NMSU Grants.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,688 |
| Middle income | $9,443 |
| High income | $10,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $11,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,000 |
| Independent students | $12,500 |
The figure below distills the debt data into a single burden category for NMSU Grants.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at NMSU Grants:
| 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 | 0 |
| Total GI Bill amount | $0 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.