by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Western New Mexico University.
Western New Mexico University average financial aid offer for freshmen students is $5,259.00. A significant 97% of freshmen benefit from financial aid, with the main type being grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Western New Mexico University.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Western New Mexico University.
42% of new students (100 total) were given scholarships at Western New Mexico University, averaging $4,435.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 62% of first-year students (149 total) got a federal grant, for about $2,772.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 39.33% | $4,190.00 |
| Income 30k-48k | 9.21% | $4,681.00 |
| Income 48k-75k | 4.18% | $3,235.00 |
| Income 75k-110k | 3.35% | $3,209.00 |
| Income 110k + | 2.09% | $3,622.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 239 undergraduate students at Western New Mexico University around 97% (224 total) receive some form of grant aid. The typical amount awarded was $5,259.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.