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College Affordability Act

College Affordability Grant

 

Purpose

 

The purpose of the College Affordability Grant is to encourage New Mexico students with financial need, who do not qualify for other state grants or scholarships, to attend and complete educational programs at a public New Mexico college or university.    

 

 

How much is the award?

 

  • Maximum of $1,000 per semester
  • Renewable if student maintains satisfactory progress
  • May receive scholarship for a total of eight (8) consecutive semesters

 

 

What are the eligibility requirements?

 

  • New Mexico residents
  • Undergraduate
  • Attend a public New Mexico college or university
  • Must demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA).
  • May not be receiving any other state grants and scholarships.
  • Enroll at least half-time (6 credit hours)

 

 

How do I apply?

 

Each applicant is required to submit a Free Application for Federal Student Aid (FAFSA).  Contact the Financial Aid Office at the college or university to inquire about the application process. 

 

 

 

When is the deadline?

 

Deadlines are set by each institution. 

 

 

 


New Mexico Higher Education Department | 2048 Galisteo St  87505-2100 | 505-476-8400 or Financial Aid Hotline 800-279-9777