Grants are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based and determined by your FAFSA. There are state and federal grants available.
State grants are provided by the state of New Mexico and are considered priority-based aid. Students are encouraged to complete their FAFSA by March 1st, NMSU’s priority deadline, annually to maintain maximum eligibility for state-based grants. State grants are awarded on a first come, first serve basis.
To receive the College Affordability Grant, you must be a New Mexico resident, graduate with a high school diploma or GED, complete the FAFSA, and demonstrate unmet financial need. Students must also be a degree-seeking undergraduate and enrolled at least half-time. You cannot be receiving other state grants, and meet Satisfactory Academic Progress. Funding Limited.
A combination of federal and state grants awarded to undergraduate students to help with education costs. To be eligible for LEAP, you must be a New Mexico resident with demonstrated exceptional need. You cannot be receiving other state grants, and meet Satisfactory Academic Progress. Funding Limited.
Federal grants are need-based aid provided by the Federal Government. To receive Federal grants, students need to complete a FAFSA, demonstrate financial need, and meet Satisfactory Academic Progress.
The Federal Pell Grant is a Federal Grant awarded only to undergraduate students. The award amount is determined by enrollment and the expected family contribution.
Federal Supplemental Educational Opportunity Grant (SEOG): is a Federal Grant awarded to undergraduate students with exceptional financial need. Must have a zero Expected Family Contribution. Funding limited.
A TEACH Grant can help you pay for college if you plan to become a teacher in a high-need field in a low-income area. You’ll be required to teach for a certain length of time, so make sure you understand your obligation.