by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Uncover the various financial aid options provided by CNM and determine which ones you may be eligible for by continuing your exploration.
$5,133.00 is the typical Central New Mexico Community College’s first year financial aid package. Financial aid is provided to about 84% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Central New Mexico Community College you could end up dealing with.
In addition to scholarships, 63% of first-year students (1393 total) got federal grant aid, averaging $5,348.00 per person.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
63% of freshmen at Central New Mexico Community College (1393 total) received a federal grant, averaging $5,348.00.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 34.07% | $7,583.00 |
| Income 30k-48k | 13.97% | $6,518.00 |
| Income 48k-75k | 8.47% | $4,057.00 |
| Income 75k-110k | 4.15% | $2,253.00 |
| Income 110k + | 2.57% | $1,896.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
1826 CNM undergrads obtain grant aid (this is about 84% of the entire undergraduate student population). The average amount these students receive is $5,133.00.The majority of which come in the form of Pell Grants.
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.