1. New Mexico Educational Assistance Foundation (NMEAF)
College Connection: Navigating the Financial Aid Process
Presented by:
New Mexico Educational Assistance Foundation (NMEAF)

2. The cost of college

3. What is the yearly average cost of tuition and fees for an in-state
Public 4 year college?
$9,650
$10,195
$12,391
$14,119
$9,650

4. What is the yearly average cost of tuition, fees & room and board for an in-state Public 4 year college?
$12,139
$14,688
$17,120
$20,090
$20,090
Total Expenses - In-State 4 Year Public On-Campus - Total Expenses
School Name
Eastern New Mexico University - Main Campus ENMU $16,635
Institute of American Indian and Alaska Native Culture IAIA $18,768
Navajo Technical University - NTU $14,240
New Mexico Highlands University - NMHU $16,740
New Mexico Institute of Mining and Technology - NM Tech $19,494
New Mexico State University-Main Campus - NMSU $19,018
Northern New Mexico College - NNMU $17,563
University of New Mexico-Main Campus - UNM $20,292
Western New Mexico University - WNMU $21,648
Average is: $18,266.44

5. Financial Aid

6. Financial Aid is …
Funding to help students pay for their education-related expenses e.g. tuition, fees, room and board, books, supplies, transportation, etc…
Basic criteria to receive federal financial aid is:
Be a citizen or eligible non-citizen
Have a valid Social Security number
Enrolled at least half time in program leading to a certificate or degree
Maintain a satisfactory academic progress (defined by your school)
Register with the Selective Service (males only)
studentaid.ed.gov

7. 4 Types of Financial Aid
Scholarships
Grants
Work-study
Loans

8. Scholarships- Get Organized
Pull together the information that may be needed for all scholarship applications.
Academic Information (GPA, SAT/ACT scores)
Recommendation letters
College choices
Personal essay
Community/volunteer work
Create a list of eligible scholarships
Sort the scholarship list by deadline
Start applying - Be sure to read the directions, qualifications, and fine print carefully.
Watch out for scams!

9. Scholarships
University scholarships – largest percentage scholarship monies
Awarded for academic, artistic skills, athletic and sometimes for financial need
Private sources
National scholarships
Page 12 of your guide

10. NM Legislative Lottery Scholarship
Eligibility:
Student must be a resident of New Mexico
Must have graduated from a NM public high school, accredited private high school or obtained a high school equivalency credential in New Mexico.
Must be enrolled full-time (15 credit hours) in the first regular semester at an eligible four-year New Mexico public university.
Must be enrolled full-time (12 credit hours) in the first regular semester at an eligible two- year New Mexico community college.
Must enroll at a public post secondary educational institution in NM within 16mos.
Must maintain at least a cumulative GPA of 2.5
Awards: A Percentage of Tuition
More info :

11. Grants State Grants - hed.state.nm.us/grants.aspx
Federal Grants - studentaid.ed.gov
Pell Grant
FSEOG
TEACH Grant
State Grants - hed.state.nm.us/grants.aspx
NM Student Incentive Grant
is for resident undergraduate students with substantial financial need who are attending public and private non-profit institutions in New Mexico. Award $200 - $2,500 per year
Gift aid and do not need to be paid back, if the requirements are met.
Pell and FSEOG are need based
TEACH Grant to students who will teach in a low income public/private elementary/secondary school

13. FSA-ID
An FSA ID gives you access to Federal Student Aid’s online systems and can serve as your legal signature. Create FSA ID for student & parent prior to attending the FAFSA Workshop

14. Free Application for Federal Student Aid (FAFSA)
Must be completed for federal aid annually
Apply after October 1st
Submit on line
Use 2016 tax income
Student will receive a Student Aid Report (SAR)
College will send award letter(s) with type and amount of aid

15. What does FAFSA stand for?
Free Application for Federal Student Aid
Free Application For Serious Adults
Free Accounts For Savvy Actors
Free Access For School Aid

16. I only have to complete the FAFSA once and never
have to do it again.
True
False

17. New Mexico FAFSA Workshops!
Ask your school counselor about FAFSA workshops at your school or in your area.

18. Work Study Part time, usually 20 hours/week
Federal Work-Study jobs help students earn money to pay for college or career school.
Part time, usually 20 hours/week
Flexible hours, usually on campus
Encourages community service
Work related to course of study whenever possible
More info : studentaid.ed.gov

19. When completing your FAFSA, you will choose which schools you want to apply for and you will also check a box on the FAFSA alerting the school that you are interested in work study.

20. Student Loans studentaid.ed.gov Direct Subsidized Loan
Direct Unsubsidized Loan
Direct PLUS Loans
studentaid.ed.gov

21. Thank you!