Financial Aid :: UNM Los Alamos (2024)

As part of its basic philosophy, UNM Los Alamos is committed to ensuring that the opportunity for a post-secondary education not be denied to any student because of limited finances. To fulfill this goal, the Financial Aid Office administers a broad spectrum of loans, grants, employment, and scholarships to meet the financial needs of all the University’s students.

The Financial Aid Office awards financial aid to students according to their individual needs. Parents of students are expected to contribute to their child’s education according to their ability, taking into account their income, assets, number of dependents, and other relevant information. Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future income.

Because the amount of assistance awarded is based on financial need, the amount of aid awarded is not publicly announced, and all information provided to the Financial Aid Office is regarded as confidential.

Financial Aid Help Sheet

Download financial aid help sheet

How Can I Pay for School?

Grants

Grants are awarded based on need as determined by your FAFSA and do not have to be paid back. These include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant ( SSEOG) and the State Student Incentive Grant ( SSIG). In order to be eligible for SEOG and SSIG, students must have their FAFSA in by January 6.

Scholarships

Scholarships are awarded on a variety of criteria. Some are need based, but nearly all have certain academic requirements, such as GPA, course of study, and course load. Please see our scholarships page for more information.

Student Employment/ Work Study

Work Study positions are available at UNM-LA. Students need to complete a FAFSA and check off the option that they are interested in work study. If you have questions, please make an appointment with the Financial Aid Office.

Loans

Loans are available for students or parents to borrow to help pay educational expenses. Students must have a FAFSA submitted in order to be considered for these federal loans. The amount of eligibility is determined by grade level.

Repayment usually begins 6 months after graduation. There are 3 types of loans:

Subsidized– No interest accrues while in school
Unsubsidized– interest accrues immediately
Parent Loan– PLUS– up to COA, credit based, parents only apply.

UNM Los Alamos Students must submit a Federal Direct Loan request in order to receive loans. Please make an appointment with the financial aid advisor to learn more. After your loan request is approved, you will need to go tohttps://studentaid.govand complete your:

Pre-loan counseling
Master Promissory Note.

Your loan WILL NOT be disbursed until these are completed.

To apply for a student loan, please click this link. You can submit this request electronically or find paper copes outside the Financial Aid Office.

Finding Financial Aid

Finding the right type of financial aid for you is made easy with some basic information.

The first step to receiving all types of Federal Financial Aid, including grants, loans, and work study, is to complete the FAFSA. The FAFSA is the Free Application for Federal Student Aid. It is the application used to apply for Federal, State and some institutional financial aid. Students must complete the FAFSA every year. UNM's priority date for completing the FAFSA is January 6. That means students who completed the FAFSA by January 6 are considered first for some types of limited grants.. Students are encouraged to complete the FAFSA on the web as soon as possible after January 1 of each year.

Our FAFSA School Code is 002663 – This is for ALL UNM campuses.

Once your FAFSA has been received by UNM, you will need to submit any missing requirements. These are listed on your Financial Aid tab in LoboWeb.

Checking Your Financial Aid Status

You can check the status of your financial aid, see and complete file requirements, and apply for loans all through your LoboWeb account.

Log into my UNM using your NetID and Password
Click the “Student Life” Tab
Click “Enter LoboWeb”
Click the “Financial Aid” tab at the top of the page
Complete information, including your Cost of Attendance and your Estimated Family Contribution (as determined by your FAFSA) can be seen here.

Any grant, scholarship, work-study, or loan awards can be seen and managed through your Financial Aid Tab. You can even accept a loan offer in Lobo-Web.

Contact Information

Jenny Duran
(505) 662-0341
jenduran@unm.edu

Student Services Center
Building 1, Room 103
by appointment

FAQs

What are the chances of getting approved for financial aid? ›

According to the National Center for Education Statistics, over 85 percent of students receive some form of financial aid. However, the amount students receive is based on different factors, such as the type of institution students attend (public versus private), as well as their household income.

What is the average financial aid package for UNM? ›

University of New Mexico - Main Campus average financial aid offer for freshmen students is $7,387.00. Approximately 96% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.

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What is the acceptance rate for UNM Los Alamos? ›

The New Mexico - Los Alamos acceptance rate is 100%. Popular majors include Liberal Arts and Humanities, Business, and Health Service Preparatory Studies.

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What is a passing GPA for financial aid? ›

To be eligible for federal student aid and college financial aid, a student must be making Satisfactory Academic Progress (SAP). This generally consists of maintaining at least a 2.0 GPA on a 4.0 scale (i.e., at least a C average) and passing enough classes with progress toward a degree.

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What disqualifies you from getting financial aid? ›

Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

Who gets denied financial aid? ›

According to the office of federal student aid, some applications can be denied because applicants did not meet the basic eligibility requirements. These include: Having demonstrated financial need for need-based federal student aid programs. Being a U.S. citizen or an eligible non-citizen.

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How to qualify for free tuition in New Mexico? ›

If you are an established New Mexico resident & plan to enroll in at least 6 credit hours at a public college or university in NM toward a training certificate, associate degree, or bachelor's degree, you may qualify.

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How much is UNM per semester? ›

Main Campus Undergraduate

Estimated 2023-2024 Cost of Attendance for Living On/Off-Campus
	New Mexico Resident	Non-Resident
Direct Costs	Academic Year	Per Semester
Tuition & Fees	$ 11,126	$ 17,022
Housing & Food†	$ 11,884	$ 5,942

8 more rows

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How will I know how much financial aid I will get? ›

If your FAFSA form is complete and fully processed, your estimated federal student aid and SAI will display under the “Eligibility Overview” tab of your online FAFSA Submission Summary.

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Which is better, NMSU or UNM? ›

UNM and NMSU also ranked No. 100 and No. 126, respectively, in the Best Public Schools ranking list. Two other New Mexico institutions made the list, Anderson's School of Management at UNM ranked 127 out of 400 for undergraduate business programs and St.

What GPA do you need to get into Los Alamos? ›

Students must have a minimum cumulative GPA of 3.0 out of 4.0 for undergraduate studies (verified with undergraduate transcript) and a minimum cumulative GPA of 3.2 out of 4.0 for graduate studies (verified with graduate transcript).

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What rank is Los Alamos schools? ›

Los Alamos High School 2024 Rankings

Los Alamos High School is ranked #941 in the National Rankings. Schools are ranked on their performance on state-required tests, graduation and how well they prepare students for college. Read more about how we rank the Best High Schools.

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Do I have to pay back FAFSA if I fail a class? ›

Failing a class does not force you to pay back your FAFSA financial aid. However, it could put you at risk for losing eligibility to renew it next semester. If you do not make Satisfactory Academic Progress, or SAP, your federal financial aid is at risk of being suspended.

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Can I get FAFSA with 1.5 GPA? ›

Once you have attempted 30+ credit hours, you must have a 2.0 minimum cumulative GPA.

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Is it better to withdraw or fail for financial aid? ›

In most situations, withdrawing from a course should not affect your aid package. But if you fail to maintain Satisfactory Academic Progress, or SAP, your aid may be affected. Withdrawing from a course can also change your enrollment status, which could reduce your aid.

What credit score do you need for financial aid? ›

Federal: No minimum credit score requirements. Credit history check for federal PLUS loans. Private: A 670 credit score is typically needed, but requirements vary by lender.

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What makes me ineligible for financial aid? ›

Grades Slipped or Haven't Completed Enough Credits

You need to make satisfactory academic progress in college or career school in order to keep getting federal student aid. Talk to your school about whether you can appeal the decision that made you ineligible to continue receiving federal student aid.

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Is it hard to qualify for FAFSA? ›

There is no income cut-off to qualify for federal student aid. Many factors—such as the size of your family and your year in school—are taken into account.