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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 Colleges since 2012. For that period, the average number of students who received grants aid/scholarships is 2,727, which is 75.40 % of all undergraduate students. 1,531 students which is 46.70% of undergraduate students received federal student loans and the average loan amount: $6,875.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-132,795 (74%)$8,4621,703 (52%)$3,9881,799 (52%)$6,772
2013-143,010 (75%)$8,1841,626 (50%)$4,0801,696 (48%)$7,328
2014-152,596 (73%)$8,4101,549 (49%)$3,8471,778 (49%)$6,700
2015-162,479 (75%)$9,2931,444 (49%)$3,9401,468 (48%)$6,664
2016-172,742 (79%)$8,9381,393 (50%)$3,9671,422 (50%)$6,768
2017-182,708 (78%)$8,6761,379 (51%)$4,3301,531 (46%)$6,842
2018-192,590 (76%)$9,0491,334 (51%)$4,1711,212 (47%)$6,899
2019-202,758 (73%)$8,9271,379 (43%)$4,7701,455 (42%)$6,748
2020-212,881 (77%)$9,3161,400 (42%)$4,7271,509 (42%)$7,251
2021-222,707 (74%)$9,8701,275 (39%)$4,7971,435 (43%)$6,777
Average2,727 (75.40%)$8,9131,448 (47.60%)$4,2621,531 (46.70%)$6,875

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

OverviewGrants/ScholarshipStudent Loans
For the last 10 years, on average, 522 (91.90 % of students) received grants or scholarships and its average amount is $9,337. It can cover 60.99% of tuition & fees ($15,310) based on out-of-state rate. In addition, 275 (50.00 % of students) students get helped from the students loans (average amount : $5,817).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2012-13533 (91%)$8,425287 (53%)$5,801
2013-14561 (93%)$8,671273 (56%)$5,856
2014-15470 (89%)$8,685267 (51%)$6,279
2015-16489 (91%)$10,309237 (51%)$5,740
2016-17523 (94%)$9,414247 (58%)$5,893
2017-18553 (95%)$10,056344 (52%)$5,762
2018-19514 (93%)$9,999242 (52%)$5,905
2019-20532 (90%)$8,967287 (43%)$5,772
2020-21524 (90%)$9,141279 (41%)$6,001
2021-22518 (93%)$9,702286 (43%)$5,165
Average522 (91.90%)$9,337275 (50.00%)$5,817
*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, 263 (58.20 % of students) received Pell (federal) grants and its average amount is $4,609. In addition, 404 students received State/local government grants/scholarships (48.80 % 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
2012-13278 (60%)$4,14757 (18%)$1,682382 (38%)$3,532271 (49%)$5,721
2013-14277 (59%)$4,55658 (17%)$1,164423 (52%)$2,351290 (53%)$5,728
2014-15239 (58%)$4,37749 (17%)$1,045544 (63%)$3,470251 (54%)$5,954
2015-16267 (61%)$4,33860 (19%)$1,258453 (55%)$4,718349 (66%)$6,312
2016-17260 (61%)$4,56674 (24%)$1,075419 (42%)$3,040360 (62%)$6,167
2017-18277 (63%)$4,655103 (17%)$1,058420 (48%)$2,927391 (63%)$6,663
2018-19273 (63%)$4,69780 (19%)$969360 (45%)$2,802415 (59%)$6,901
2019-20266 (55%)$4,75088 (25%)$842388 (55%)$3,158380 (56%)$5,085
2020-21249 (50%)$5,061137 (43%)$1,378332 (47%)$3,147420 (58%)$5,117
2021-22244 (52%)$4,939279 (39%)$1,280314 (43%)$3,836466 (68%)$5,745
Average263 (58.20%)$4,60999 (23.80%)$1,175404 (48.80%)$3,298359 (58.80%)$5,939
*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, 275 (50.00 % of students) get any students loan help and its average loan amount is $275.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2012-13287 (53%)$5,801283 (52%)$5,57615 (3%)$10,354
2013-14273 (56%)$5,856269 (54%)$5,73915 (4%)$8,478
2014-15267 (51%)$6,279285 (54%)$5,63415 (3%)$9,054
2015-16237 (51%)$5,740252 (54%)$5,34216 (3%)$10,788
2016-17247 (58%)$5,893244 (55%)$5,56219 (6%)$8,773
2017-18344 (52%)$5,762339 (50%)$5,33818 (5%)$8,247
2018-19242 (52%)$5,905238 (52%)$5,41319 (3%)$11,808
2019-20287 (43%)$5,772312 (46%)$4,72323 (3%)$8,761
2020-21279 (41%)$6,001275 (40%)$5,50723 (5%)$10,266
2021-22286 (43%)$5,165284 (43%)$4,72419 (2%)$11,807
Average275 (50.00%)$5,817278 (50.00%)$5,35618 (3.70%)$9,834
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