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The Free Application for Federal Student Aid or FAFSA is your ticket to both State and Federal scholarships, grants, and more. 

 

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New Mexico Higher Education Department
Financial Aid Division

 

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Federal Funding Opportunities

 

Federal Workforce Innovation and Opportunity Act (WIOA) Funding
 

Federal WIOA funding is available to unemployed workers for certifications and degrees needed for careers in demand within healthcare, information technology, construction trades, education, and more. Facilitated by the New Mexico Workforce Connection, WIOA funding is primarily used to pay for costs associated with obtaining a certificate or degree and can cover high school equivalency (GED) testing, college tuition, supplies, or gas reimbursement.

 

Pell Grants 

Awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s, graduate, or professional degree. Eligible students can receive between $650 and $6,345.

 

Federal Supplemental Educational Opportunity Grants

These grants are awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s or graduate degree. You can receive between $100 and $4,000 a year, depending on your financial need, when you apply, the amount of other aid you get, and the availability of funds at your school. 

 

 Teacher Education Assistance for College and Higher Education (TEACH) Grant 

For students who are enrolled in programs designed to prepare them to teach in a high-need field at the elementary or secondary school. Must agree to serve for a minimum of four years (within eight years of completing or ceasing enrollment in the program for which the student received the grant funds) as a full-time teacher in a high-need field in a school or educational service agency that serves low-income students. You can receive up to $3,764. 

 

GI Bill 

The GI Bill provides educational assistance to servicemembers, veterans, and their dependents. 

State Funding Opportunities 

 

New Mexico Opportunity Scholarship

Covers up to full tuition and fees for returning adult learners and recent high school graduate pursuing certificate, associate, and bachelor degrees at any New Mexico public or Tribal college or university. Returning adult learners can receive the scholarship while attending part-time. 

 

New Mexico Lottery Scholarship

Covers a portion of tuition and fees for recent high school graduates pursuing undergraduate degrees full-time at a New Mexico public or Tribal college or university. 

 

Student Incentive Grants

This grant is for resident undergraduate students with substantial financial need who are attending a New Mexico public college or university or tribal college. Students can receive between $200 and $2,500 per year.

 

College Affordability Grants

These grants are available to New Mexico students with financial need who do not qualify for other state grants and scholarships to attend educational programs at state public and Tribal colleges and universities. Students can receive up to $1,500 per semester. 

 

Teacher Preparation Affordability Scholarship Program

This scholarship pays up to $6,000 per year for students pursuing teacher education degrees at approved public and Tribal colleges and universities in New Mexico. The scholarship can be applied toward fees, books and course supplies and living expenses.

 

Grow Your Own Teachers Scholarship Program

This scholarship pays up to $6,000 per year for qualifying educational assistants seeking to pursue teacher education degrees leading to licensure from approved public and Tribal colleges in New Mexico. The scholarship can be applied toward fees, books and course supplies.

 

Loan-for-Service Programs 

Students seeking employment in high-demand career fields can receive state loans to complete education programs. For every year of service provided in a designated shortage area within New Mexico, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness.

The following loan for service programs are available: 

 

  1. Allied Health Loan-for-Service Program
  2. Medical Loan-for-Service Program
  3. Nursing Loan-for-Service Program
  4. Nurse Educator Loan-for-Service Program
  5. Teacher Loan-for-Service Program
Loan Repayment Programs 

New Mexicans employed in high-demand career fields can receive repayment for outstanding student loans by working in high-need areas and meeting other program conditions. The following loan repayment programs are available:

 

  1. Health Professional Loan Repayment Program
  2. Public Service Law Loan Repayment Program
  3. Teacher Loan Repayment Program
  4. New Mexico CYFD Worker Loan Repayment Program
  5. Minority Doctoral Loan Repayment Program