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.
What amount of NMSU Main Campus financial assistance will actually be available to you?Get answers to your questions here.
$8,331.00 is the typical New Mexico State University - Main Campus’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of 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.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at New Mexico State University - Main Campus.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by New Mexico State University - Main Campus.
96% of incoming freshmen (2077 total) were given scholarships at New Mexico State University - Main Campus, averaging $7,472.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of first-year students (1062 total) got federal grant aid, averaging $5,296.00 per person.
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 | 17.55% | $11,294.00 |
| Income 30k-48k | 9.96% | $10,577.00 |
| Income 48k-75k | 8.11% | $8,644.00 |
| Income 75k-110k | 5.23% | $5,552.00 |
| Income 110k + | 5.09% | $5,361.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 2159 undergraduate students at New Mexico State University - Main Campus around 99% (2126 total) receive some form of grant aid. The typical amount awarded was $8,331.00.
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.