Grants and Loans

Federal Pell Grant

  • The Federal Pell Grant is a need based grant which requires the FAFSA to be completed in order to determine eligibility.
  • Students must provide certain income information, i.e. Federal tax return, child support paid/received, social security benefits, or TANF benefits.
  • A minimum enrollment status of three credit hours is usually required.
  • A Federal Pell Grant is not repaid. Students must adhere to the Satisfactory Academic Progress Guidelines in order to continue receiving the Federal Pell Grant.
  • Enrollment status of at least half time is required.
  • SEOG is not repaid.

Federal Supplemental Educational Opportunity Grant (SEOG)

This program is for students who demonstrate exceptional financial need as determined by the FAFSA (Free Application for Federal Student Aid).


New Mexico Supplemental Student Incentive Grant (NMSSIG)

The NMSSIG combines federal and state funds in order to permit financially needy New Mexicans to pursue a higher education.

To be eligible for this program, a student must be enrolled as a half-time student.

A NMSSIG does not have to be repaid.


Student Loans

What loan programs are available at UNM-Valencia?

UNM participates in a number of student loan programs. Before student loans can be awarded to you, you must have a complete financial aid file. Below are the types of Loan you are considered for and offered upon completing your FAFSA and your Financial Aid file:

Federal direct loans - Federal direct loans are offered to eligible students in their initial award package. These loans originate from the federal government and limits for these loans are federally determined based on grade level and student status.

Ford Federal Direct Subsidized or Unsubsidized Loan

Ford Federal Direct Parent PLUS Loan

University-administered loans - Funds are limited; to be among the first recipients, you are strongly encouraged to submit your Free Application for Federal Student Aid (FAFSA) by the priority deadlines (file your FAFSA by March 1 and submit any required additional documentation by March 20) before funds are depleted for the aid year. These programs are administered by the University as the lender.

Federal Perkins Loan