Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 394, which is 45.11 % of all undergraduate students. 140 students which is 15.56% of undergraduate students received federal student loans and the average loan amount is $5,363.

For full-time, first-time beginning students (freshmen), 91.00% of students received grants or scholarships and 9% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at New Mexico State University-Grants since 2013.

For that period, the average number of students who received grants aid/scholarships is 394, which is 45.11 % of all undergraduate students. 140 students which is 15.56% of undergraduate students received federal student loans and the average loan amount is $5,363.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14549 (57%)$5,077508 (52%)$4,385253 (26%)$5,503
2014-15503 (53%)$5,049443 (47%)$4,180204 (22%)$5,696
2015-16390 (47%)$5,497354 (43%)$4,417147 (18%)$6,263
2016-17376 (40%)$5,134324 (34%)$4,009147 (15%)$5,917
2017-18411 (43%)$6,625348 (36%)$4,984161 (17%)$3,122
2018-19452 (45%)$6,536384 (39%)$4,753167 (17%)$6,515
2019-20392 (48%)$7,266342 (42%)$4,702113 (14%)$5,684
2020-21292 (47%)$6,577240 (39%)$5,09051 (8%)$5,144
2021-22179 (26%)$6,119154 (22%)$4,91619 (3%)$4,419
Average394 (45.11%)$5,987344 (39.33%)$4,604140 (15.56%)$5,363
*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.

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

For the last 10 years, on average, 46 (91.00 % of students) received grants or scholarships and its average amount is $5,810. It can cover 136.01% of tuition & fees ($4,272) based on out-of-state rate.

In addition, 5 (9.33 % of students) students get helped from the students loans (average amount : $4,113).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1474 (93%)$5,09416 (20%)$4,735
2014-1554 (90%)$4,9515 (8%)$4,105
2015-1641 (91%)$5,8526 (13%)$5,535
2016-1746 (90%)$5,7525 (10%)$4,058
2017-1838 (95%)$5,7563 (8%)$2,062
2018-1945 (90%)$6,6353 (6%)$4,871
2019-2052 (98%)$5,6073 (6%)$2,805
2020-2127 (82%)$5,8702 (6%)$3,513
2021-2238 (90%)$6,7753 (7%)$5,334
Average46 (91.00%)$5,8105 (9.33%)$4,113
*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.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 41 (79.89 % of students) received Pell (federal) grants and its average amount is $5,001.

In addition, 41 students received State/local government grants/scholarships (82.44 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1468 (85%)$4,2791 (1%)$60065 (81%)$98715 (19%)$1,413
2014-1548 (80%)$4,1903 (5%)$50040 (67%)$1,09516 (27%)$1,307
2015-1639 (87%)$4,9732 (4%)$60040 (89%)$9527 (16%)$957
2016-1743 (84%)$4,3965 (10%)$68045 (88%)$1,0708 (16%)$3,000
2017-1833 (83%)$5,315--32 (80%)$1,0817 (18%)$1,250
2018-1940 (80%)$5,4705 (10%)$66037 (74%)$1,40710 (20%)$2,440
2019-2042 (79%)$5,2351 (2%)$60052 (98%)$1,2888 (15%)$514
2020-2119 (58%)$5,7502 (6%)$30026 (79%)$1,6985 (15%)$899
2021-2235 (83%)$5,3982 (5%)$45036 (86%)$1,4665 (12%)$2,970
Average41 (79.89%)$5,0013 (5.38%)$54941 (82.44%)$1,2279 (17.56%)$1,639
*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.

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, 5 (9.33 % of students) get any students loan help and its average loan amount is $5.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1416 (20%)$4,73516 (20%)$4,735--
2014-155 (8%)$4,1055 (8%)$4,105--
2015-166 (13%)$5,5356 (13%)$5,535--
2016-175 (10%)$4,0585 (10%)$4,058--
2017-183 (8%)$2,0623 (8%)$2,062--
2018-193 (6%)$4,8713 (6%)$4,871--
2019-203 (6%)$2,8053 (6%)$2,805--
2020-212 (6%)$3,5132 (6%)$3,513--
2021-223 (7%)$5,3343 (7%)$5,334--
Average5 (9.33%)$4,1135 (9.33%)$4,113--

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