by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What amount of UNM financial assistance will actually be available to you?Get answers to your questions here.
University of New Mexico - Main Campus average financial aid offer for freshmen students is $7,387.00. Approximately 96% of incoming freshmen obtain financial assistance, with the majority being offered as 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 University of New Mexico - Main Campus.
As well as scholarships, 39% of freshmen (1001 total) obtained a federal grant, for about $5,144.00 a piece.
These grants and scholarships consist of mostly federal grants, as well as some local and state awards.
39% of first-year students at University of New Mexico - Main Campus (1001 total) obtained a federal grant, averaging $5,144.00.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.28% | $6,246.00 |
| Income 30k-48k | 10.13% | $4,821.00 |
| Income 48k-75k | 5.89% | $2,707.00 |
| Income 75k-110k | 0.71% | $1,338.00 |
| Income 110k + | 0.00% | $0.00 |
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.
2454 UNM undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $7,387.00.
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.