How NMMI's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at New Mexico Military Institute since 2013.

For that period, the average number of students who received grants aid/scholarships is 386, which is 85.56 % of all undergraduate students. 67 students which is 15.22% of undergraduate students received federal student loans and the average loan amount is $3,928.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	427 (91%)	$7,818	153 (33%)	$4,256	99 (21%)	$4,781
2014-15	419 (91%)	$7,593	153 (33%)	$4,057	127 (28%)	$3,214
2015-16	408 (95%)	$8,514	127 (30%)	$4,337	75 (18%)	$4,381
2016-17	389 (92%)	$8,563	159 (38%)	$4,444	92 (22%)	$4,681
2017-18	323 (77%)	$9,559	121 (29%)	$4,279	44 (11%)	$3,516
2018-19	391 (95%)	$9,227	129 (31%)	$4,088	66 (16%)	$3,879
2019-20	371 (76%)	$8,690	117 (24%)	$4,457	41 (8%)	$2,805
2020-21	381 (77%)	$11,149	121 (25%)	$4,647	38 (8%)	$4,195
2021-22	362 (76%)	$10,725	112 (24%)	$4,742	23 (5%)	$3,898
Average	386 (85.56%)	$9,093	132 (29.67%)	$4,367	67 (15.22%)	$3,928

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 216 (93.11 % of students) received grants or scholarships and its average amount is $8,276. It can cover 58.94% of tuition & fees ($14,042) based on out-of-state rate.

In addition, 39 (16.33 % of students) students get helped from the students loans (average amount : $4,252).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	199 (76%)	$7,589	58 (22%)	$4,991
2014-15	229 (85%)	$7,489	55 (20%)	$5,033
2015-16	215 (94%)	$7,548	39 (17%)	$5,176
2016-17	240 (94%)	$8,444	58 (23%)	$4,939
2017-18	211 (97%)	$7,978	38 (18%)	$1,709
2018-19	234 (97%)	$7,879	43 (18%)	$4,186
2019-20	204 (99%)	$7,998	20 (10%)	$3,453
2020-21	226 (99%)	$9,797	25 (11%)	$4,401
2021-22	183 (97%)	$9,762	16 (8%)	$4,384
Average	216 (93.11%)	$8,276	39 (16.33%)	$4,252

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 75 (32.00 % of students) received Pell (federal) grants and its average amount is $4,448.

In addition, 20 students received State/local government grants/scholarships (8.89 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	82 (31%)	$4,380	28 (11%)	$2,586	12 (5%)	$1,961	184 (70%)	$5,734
2014-15	87 (32%)	$4,102	27 (10%)	$3,062	12 (4%)	$1,652	212 (79%)	$5,923
2015-16	60 (26%)	$4,608	23 (10%)	$2,494	10 (4%)	$1,418	212 (93%)	$6,013
2016-17	102 (40%)	$4,563	32 (13%)	$2,329	21 (8%)	$1,560	232 (91%)	$6,266
2017-18	71 (33%)	$4,504	20 (9%)	$2,995	13 (6%)	$704	208 (96%)	$6,223
2018-19	78 (32%)	$4,218	29 (12%)	$2,733	10 (4%)	$1,119	232 (96%)	$6,139
2019-20	72 (35%)	$4,560	115 (56%)	$1,091	34 (17%)	$719	199 (97%)	$5,795
2020-21	72 (31%)	$4,653	126 (55%)	$1,395	44 (19%)	$1,664	219 (96%)	$7,444
2021-22	52 (28%)	$4,443	147 (78%)	$1,974	24 (13%)	$1,704	169 (89%)	$7,245
Average	75 (32.00%)	$4,448	61 (28.22%)	$2,295	20 (8.89%)	$1,389	207 (89.67%)	$6,309

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 39 (16.33 % of students) get any students loan help and its average loan amount is $39.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	58 (22%)	$4,991	58 (22%)	$4,852	1 (0%)	$8,075
2014-15	55 (20%)	$5,033	53 (20%)	$4,703	4 (1%)	$6,885
2015-16	39 (17%)	$5,176	37 (16%)	$4,850	2 (1%)	$11,202
2016-17	58 (23%)	$4,939	57 (22%)	$4,590	3 (1%)	$8,277
2017-18	38 (18%)	$1,709	38 (18%)	$1,709	-	-
2018-19	43 (18%)	$4,186	41 (17%)	$3,626	3 (1%)	$10,453
2019-20	20 (10%)	$3,453	20 (10%)	$3,453	-	-
2020-21	25 (11%)	$4,401	25 (11%)	$4,108	1 (0%)	$7,341
2021-22	16 (8%)	$4,384	15 (8%)	$4,009	1 (1%)	$10,000
Average	39 (16.33%)	$4,252	38 (16.00%)	$3,989	2 (1.00%)	$8,890