Financial aid for which you may qualify:
- Federal Pell Grants: For undergraduate students based on need. Awards of up to $5,350 annually for full-time students.
- Federal Supplemental Educational Opportunity Grants: For students with high financial need who qualify for Pell Grants. These are limited in number and are given on first come, first served basis with a preference for out-of-state students. The annual award can be up to $2,000.
- State Student Incentive Grants: For undergraduate New Mexico students receiving Pell Grants. Awards are up to $2,000 per year.
- College Affordability Grants: For undergraduate New Mexico students with financial need who don’t qualify for other state grants or scholarships. The maximum amount is $1,000 per semester.
- Federal Perkins Loans are based on need so your FAFSA applies. Undergraduate students can receive up to $3,000 per year and graduate students up to $5,000 per year. The interest rate is 5 percent. Payments begin nine months after graduation.
- Stafford Loans: The maximum loan amount is based on other financial aid, and not based on need. The maximum interest rate is 8.25 percent and varies according to economic conditions.
- Federal Subsidized Stafford Loans: For undergraduate and graduate students, and based on need. Depending on grade level, loans range from $3,500 to $8,500 per year.
- Federal Plus Loans: For parents of dependent undergraduate and graduate students. The loan amount varies depending on college costs and other financial aid. Eligibility is based on credit worthiness and approval from the lending agency.
- Highlands also participates in federal and state work study programs. Federal work study depends on need. State work study jobs are open to everyone. Employers post work study job openings with our Human Resources Department.
Our Financial Aid Office starts sending out freshman scholarship award letters in April, and financial aid package letters in May.
What kinds of financial aid are there?
How much does an education at Highlands cost?
Exact costs vary by in-state vs. out of state, living on campus or off. Click here to see how tuition, books and fee, and room and board might add up for you. We think you’ll agree that New Mexico Highlands is a great value for the investment.
Meet the Financial Aid Office – they’re here to help!
New Mexico Highlands University is committed to helping all students attain an affordable education. The Financial Aid Office awards funding to as many qualified students as possible. Using a combination of family support, grants, loans, work programs, and scholarships, we work so that each student has a personalized financial aid package.
Students apply for federal and state student aid programs, including Pell Grants, federal and state supplemental grants, Perkins Loans, and Stafford Loans by completing a Free Application for Federal Student Aid, commonly referred to as the FAFSA. The Financial Aid Office also awards the New Mexico Legislative Lottery Scholarship for all recent graduates of New Mexico high schools and GED recipients as applicable, as well as other state, Highlands Foundation and university scholarships.
A financial aid package is prepared for you after all components of your application are reviewed by a financial aid adviser. Your package might be different from another’s as the financial aid process is individualized based on your particular living and financial circumstances. Our office will ensure you have a financial aid package that best fits your situation. Once the semester is underway and you are registered for all you classes, the awards in your financial aid package will be credited to your student account in the Business Office to offset the charges of tuition, fees, on campus housing, and other charges (i.e. bookstore charges). Amounts that exceed your charges will be reimbursed to you. Use these funds wisely, as they are intended to help you for the duration of the semester. Plan a budget ahead of time.
Applying for financial aid is simply a matter of accurately completing forms and getting paperwork submitted. You can get help with this process, so do not let the application forms scare you away.
Remember also, that the process is largely created through paperwork. Therefore, you should keep copies of everything you send or deliver, as well as records of any relevant dates. Do not give the Financial Aid Office original income tax forms or other important documents. Make copies and have the copies dated by the Financial Aid Office in order to ensure that materials have been received.