by our College Data Analytics TeamThe majority 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 total cost of going to University of New Mexico-Main Campus can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financial assistance options will UNM offer, 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.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from University of New Mexico-Main Campus.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at University of New Mexico-Main Campus, 100% of first-time, full-time freshmen received some form of financial aid approximately 3539 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $13,140 |
| Institutional grants & scholarships | 76% | $4,027 |
| Federal Pell grants | 43% | $5,871 |
| State/local grants | 82% | $9,065 |
| Federal student loans | 16% | $5,402 |
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 UNM, roughly 87% of the undergraduate population received grant aid that averaged $12,854 (among about 14736 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $12,854 |
| Federal Pell grants | 39% | $5,593 |
| Federal student loans | 44% | $2,701 |
On-campus students receiving title-IV aid were awarded grants averaging $5,770.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,629 |
| $30,001 – $75,000 | $16,940 |
| Over $75,000 | $20,853 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,489 |
| Off-campus title-IV students | $17,478 |
For an estimate tailored to your family circumstances, see UNM’s net price tool: npc.collegeboard.org/student/app/unm.
The median student at UNM graduates with $13,698 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,698 |
| Median federal debt (graduates only) | $18,450 |
| Typical 10-year monthly payment (graduates) | $195.6/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 percentiles below describe the cumulative federal debt distribution for borrowers at UNM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $36,820 |
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 | $14,250 |
| Middle income | $13,238 |
| High income | $13,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,750 |
| Continuing-generation students | $13,097 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $18,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. UNM.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at UNM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 68618 |
| Total Stafford loan amount | $1,893,702,125 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 25 |
| Total GI Bill amount | $8,005 |
| Average GI Bill amount per recipient | $320 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 328 |
| Total DoD amount | $997,436 |
| Average DoD amount per recipient | $3,041 |
References
More about our data sources and methodologies.