Financial Aid & Scholarships
UNM-Valencia makes available a variety of Federal, State and Institutional financial aid to students in need of assistance in meeting the costs of their college education. Applications and information regarding grants, loans, college work-study programs, and scholarships are accessible through the Financial Aid Office.
Financial Aid Deadlines and Resources
Students seeking Federal and/or State financial assistance should submit the Free Application for Federal Student Aid (FAFSA) application by the priority deadline date for fall attendance. Students must reapply for assistance prior to each academic year on October 1st. Students are required to complete the FAFSA online at www.fafsa.ed.gov.
Federal and State Grants
FEDERAL PELL GRANT
This is a federal grant designed to provide financial assistance to those who demonstrate financial need as determined by the FAFSA. The amount is determined on the basis of the student’s family’s financial resources. A Pell Grant does not have to be repaid.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (SEOG)
This program is for those students who demonstrate exceptional financial need as determined by the Free Application for Federal Student Aid (FAFSA). Students must meet the March 1 priority deadline date to be considered for SEOG. A SEOG does not have be repaid.
NEW MEXICO SUPPLEMENTAL STUDENT INCENTIVE GRANT (NMSSIG)
The NMSSIG is awarded from state funds for those students with exceptional financial need as determined by the FAFSA. In addition to financial need, the student must be a New Mexico resident, enrolled as a halftime student, and meet the March 1 priority deadline date. A NMSSIG does not have to be repaid.
William D. Ford Direct Loan ProgramThe William D. Ford Direct Loan Program is funded and services through the US Department of Education, allowing students to borrow money to assist in meeting their educational costs. Both need-based and non-need based loan monies are available. Students must attend at least halftime (six credit hours) to be eligible. See the Financial Aid Office for information on interest rates and repayment.
College Student Work-Study
The college work-study program is both a state and federal-funded program designed to provide income and work experience to those students who wish to work part time and who are deemed eligible. Jobs on campus range from the very general to those requiring highly technical skills. Students must complete the FAFSA to be considered.
UNM-Valencia offers scholarships to students based on academic achievement and/or financial need. Awards are made on both an academic year basis and a semester basis. Students who are enrolled full-time, three-quartertime, or halftime are eligible for these scholarships. Specialty scholarships may be awarded if funding is available. Students who are recent high school or High School Equivalency graduates are invited to apply for the Bridge and Lottery Success Scholarships. UNM-Valencia Campus requires students who are interested in the Bridge to Success Scholarship to complete the FAFSA in order to determine eligibility. The Lottery Success Scholarship does not require the FAFSA. Further information on the Lottery Success Scholarship can be found at www.hed.state.nm.us. The Valencia Campus Scholarship Committee determines scholarship deadlines. The Financial Aid Office has information concerning UNM-Valencia scholarships and applications.
Satisfactory Academic Progress Guidelines
Students receiving financial aid from Federal, State or Institutional resources must be making satisfactory academic progress (SAP) in order to continue to receive aid. Academic progress is measured by three components:
- completion of a degree within the maximum time frame;
- cumulative grade point average; and
- earning credit for 67 percent of courses attempted.
Educational programs at UNM-Valencia have been approved for persons eligible for VA benefits. Further information concerning the GI Bill Educational Training and Veterans Affairs may be obtained from the Admissions Office. Applications for the various VA programs can be obtained from the VA certifying official. If a veteran has any doubt of his eligibility for any of the programs, additional information can be obtained by calling the VA Regional Office at 1.888.442.4551.
UNM-Valencia also helps individuals receiving funds from the state Division of Vocational Rehabilitation (DVR). Using state and federal monies, the DVR funds education for people who have been determined eligible and who require re-education or retraining to find employment. Applicants must demonstrate the presence of a disability, and that disability must be linked to their employability. Any New Mexico resident of employable age who is considered disabled but employable is eligible for the program. Students who feel they may be eligible for this program should contact their local DVR office.
Financial Aid Disbursement and Refund Policies
Financial aid disbursements are done by direct deposit or they are mailed through the UNM Bursar’s office. Any questions concerning financial aid checks should be directed to the Financial Aid Office. Any student who receives Federal financial aid and subsequently withdraws from school may be required to repay that financial aid. This can affect future financial aid eligibility. Detailed instructions concerning financial aid disbursement and refund policy can be found in the current schedule of classes or at the Financial Aid Office.