UNM-Valencia

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UNM-Valencia
Financial Aid
Financial Aid
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What Is Financial Aid?

• Scholarships
• Grants
• Loans
• Student Employment opportunities

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Financial Aid is Available

• from the following
• Federal government
• State of New Mexico
• University of New Mexico
• Tribal agencies
• Scholarships

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Free Application for Federal Student Aid (FAFSA)

• File the FAFSA on the Web at
  www.fafsa.gov
• UNMs priority
• filing date is March 1st

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To complete the FAFSA you will need

• Social Security Number
• Taxed and Untaxed Income
• Family information
• File your taxes as early as possible
• You may use estimated tax information to meet the
  priority date

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Cost of Attendance

• Tuition and Fees
• Room and Board
• Books and Supplies
• Transportation
• Miscellaneous
• Costs vary between universities

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Expected Family Contribution

• EFC is a term used in the college financial aid
  process in the United States to determine an
  applicant's eligibility for federal student aid.

You can find your EFC on the Student Aid Report
that is mailed to you after you complete your
FAFSA.
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What is Financial Need?

• Cost of attendance
• minus
• Expected family contribution
• equals
• Financial need

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UNM VC Undergraduate Budget 2014/2015
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Scholarships

• Eligibility requirements vary
• May require FAFSA
• Deadlines and application procedures vary
• Where can I find scholarships?
• Internet www.fastweb.com
• Scholarship Office
• Check with your tribal higher education office

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Grants

• Does not have to be paid back
• Usually awarded on the basis of financial need
• Federal Pell Grant
• Federal Supplemental Educational Opportunity
  Grant (SEOG)
• State Student Incentive Grant (SSIG)
• UNM Legislative Grants

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Loans

• Money students and parents borrow to help pay
  educational expenses.
• Repayment usually begins six months after
  graduation
• Subsidized Stafford
• Unsubsidized Stafford
• Parent Loan (PLUS)

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Student Employment
Allows students to earn money to help pay
educational costs

• Workstudy (Need No-Need)
• Requires FAFSA
• Student Employment
• No FAFSA needed

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Student Employment Website
http//unmjobs.unm.edu
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Satisfactory Academic Progress (SAP)

• Federal regulations require that students
  maintain satisfactory academic progress.

• 2.0 Cumulative GPA
• 67 Completion Average
• 150 of Required Degree Hours

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Bridge to Success Scholarship

• Complete a FAFSA- Must be Non Pell Grant Eligible
• Be a New Mexico resident Graduated from a NM
  Public (or accredited private) high school or a
  NM GED recipient
• Enrolled full-time at the UNM-Valencia Campus
• Must have a 2.5 GPA or 166 on GED
• Awarded first semester of attendance only

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Legislative Lottery Scholarship

• Pays tuition only
• Begins 2nd semester
• No application required
• Requirements
• NM Resident
• Received a NM high school diploma
• or NM GED
• Full-time student (12credit hours)
• Minimum 2.5 GPA

NOTE Lottery is only available for 3 semesters
at UNM-Valencia and repeated courses
are not considered in the required 12 credit
hours.
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UNM-ValenciaFinancial Aid Website
http//vc.unm.edu/finaid/finaid.htm
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LoboWeb
Enter LoboWeb through https//my.unm.edu
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Self-Service - LoboWeb
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Keeping Track of your Aid

• Lifetime Pell Grant Eligibility
• Loan Eligibility

National Student Loan Data System
(NSLDS) http//nslds.ed.gov
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Important Web Sites

• Financial Aid
• https//my.unm.edu
• http//vc.unm.edu/finaid/finaid.htm
• Scholarships
• http//www.fastweb.com
• Loan Counseling and Promissory notes
• https//studentloans.gov
• FAFSA on the Web
• http//www.fafsa.ed.gov

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http//finaid.org