||You and your parents receive prior year’s W2 forms and end-of-the-year benefit statements and complete your federal tax returns (if necessary.) Complete the Free Application for Federal Student Aid (FAFSA) or update your Renewal Application.
||You receive your Student Aid Report (SAR) in the mail from the Department of Education’s processing center. NMSU accesses your data electronically and sends letters or emails requesting additional documentation, such as copies of federal tax returns, end-of-the-year benefit statements, etc. March 1st is the priority deadline to file for aid and have funds ready for fall disbursement.
||Academic progress is reviewed. You can access your NMSU electronic award letter by selecting Financial Aid at myNMSU. NOTE: First-time Stafford student loan borrowers (at NMSU) must complete online Entrance/Debt Management Counseling Session and sign a Master Promissory Note (MPN) before their loans can be processed.
||If you apply for loans, promissory note paperwork is processed during this time.
||August 1st students can begin to accept or decline their student loans. You must complete these processes before your award can be finalized. During the first days of the fall semester, a portion of your aid is disbursed, while the other portion will come later on in the semester. All first-time borrowers must attend one Debt Management Counseling Session and complete the Master Promissory Note (MPN)
||Academic progress is reviewed.
||Spring aid is disbursed. Begin applying for the following year’s financial aid.