by our College Data Analytics TeamMany students will not be asked to pay 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 total price of attendance at New Mexico State University-Main Campus can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can NMSU Main Campus deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from New Mexico State University-Main Campus.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at New Mexico State University-Main Campus, 96% of first-time, full-time freshmen received some form of financial aid some 2278 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $14,420 |
| Institutional grants & scholarships | 70% | $7,305 |
| Federal Pell grants | 46% | $5,968 |
| State/local grants | 76% | $7,626 |
| Federal student loans | 22% | $3,503 |
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 NMSU Main Campus, roughly 77% of the undergraduate population received grant aid that averaged $14,505 (for some 9302 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $14,505 |
| Federal Pell grants | 38% | $5,798 |
| Federal student loans | 20% | $5,294 |
Title-IV recipients living on campus saw average grant aid of $14,385.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,340 |
| $30,001 – $75,000 | $6,901 |
| Over $75,000 | $10,293 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $8,889 |
| Off-campus title-IV students | $6,747 |
To get a personalized net price estimate, try NMSU Main Campus’s net price tool: fa.nmsu.edu/npc/index.html.
The median federal debt load at NMSU Main Campus comes to $10,250 in federal 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at NMSU Main Campus.
| 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| 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 |
By Dependency Status
| 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 Main Campus.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at NMSU Main Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 55370 |
| Total Stafford loan amount | $1,161,722,294 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 228 |
| Total GI Bill amount | $1,235,933 |
| Average GI Bill amount per recipient | $5,421 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 174 |
| Total DoD amount | $436,557 |
| Average DoD amount per recipient | $2,509 |
References
More about our data sources and methodologies.