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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Financial Aid for First Years Students Not Known
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Eastern New Mexico University - Ruidoso Campus you could end up dealing with.
In addition to scholarships, 52% of first years (28 total) were awarded federal grant aid, averaging $4,550.00 each.
The stats and the chart below reference predominantly federal grants, as well as some local and state grants.
52% of first years at Eastern New Mexico University - Ruidoso Campus (28 total) obtained a federal grant, averaging $4,550.00.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 42.59% | $6,075.00 |
| Income 30k-48k | 5.56% | $5,144.00 |
| Income 48k-75k | 3.70% | $1,301.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 54 undergraduate students at Eastern New Mexico University - Ruidoso Campus around 89% (48 total) receive some form of grant aid. The typical amount awarded was $3,524.00.The bulk of which are 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.