by our College Data Analytics TeamA large number of students will never be charged 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 sum total of attendance at University of New Mexico-Valencia County Campus can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does UNM Valencia deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn 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 figures below will help you estimate the aid you might receive from University of New Mexico-Valencia County Campus.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at University of New Mexico-Valencia County Campus, 99% of new full-time first-years were awarded at least some aid some 143 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $6,423 |
| Institutional grants & scholarships | 24% | $1,152 |
| Federal Pell grants | 69% | $6,230 |
| State/local grants | 99% | $1,726 |
| Federal student loans | 0% | — |
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 Valencia, roughly 34% of the undergraduate population received grant aid that averaged $6,391 (for some 422 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 34% | $6,391 |
| Federal Pell grants | 23% | $6,014 |
| Federal student loans | 5% | $1,656 |
For on-campus title-IV students, average grant aid came to $7,755.
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 | $8,396 |
| $30,001 – $75,000 | $9,757 |
| Over $75,000 | $13,147 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $5,714 |
| Off-campus title-IV students | $9,014 |
For a customized cost estimate, visit UNM Valencia’s NPC: npc.collegeboard.org/student/app/unm.
The middle student in the debt distribution at UNM Valencia owes $13,698 in federal loans.
| 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 |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at UNM Valencia.
| 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 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $13,238 |
| High income | $13,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,750 |
| Continuing-generation students | $13,097 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $18,000 |
A handful of calculated indicators summarize the debt outlook at UNM Valencia.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at UNM Valencia:
| 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 | 3 |
| Total GI Bill amount | $2,461 |
| Average GI Bill amount per recipient | $820 |
References
More about our data sources and methodologies.