For the academic year 2022-2023, total 183 full-time, first-time students (97% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 362 students (76% of all students) received grants or scholarships and the average grant amount is $10,725. In addition, 23 students received student loans and the average loan amount is $3,898.
Below tables show the number and amount by source of financial aid at New Mexico Military Institute.
For all undergraduate students, total 362 students (76% of all students) received grants or scholarships and the average grant amount is $10,725. In addition, 23 students received student loans and the average loan amount is $3,898.
Below tables show the number and amount by source of financial aid at New Mexico Military Institute.
Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
---|---|---|---|
Federal, state, local, institutional or other grant aid | 362 | 76% | $10,725 |
Pell Grants | 112 | 24% | $4,742 |
Federal Student Loans | 23 | 5% | $3,898 |
Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
---|---|---|---|
Any Student Financial Aid | 183 | 97% | - |
Grants or Scholarship from All Sources | 183 | 97% | $9,762 |
Federal Grants | 155 | 82% | $3,362 |
Pell Grants | 52 | 28% | $4,443 |
Other Federal Grants | 147 | 78% | $1,974 |
State/Local Grants | 24 | 13% | $1,704 |
Institutional Grants | 169 | 89% | $7,245 |
Student Loans | 16 | 8% | $4,384 |
Federal Student Loans | 15 | 8% | $4,009 |
Other Student Loans | 1 | 1% | $10,000 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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