College Affordability Estimator
For first time entering freshmen, the College Affordability Estimator/ Net Price Calculator is available to help you estimate what it will cost to attend New Mexico Highlands University.
The cost of attendance is considered in awarding Pell Grant and other sources of financial aid and scholarships. It is calculated each year after the cost of tuition, fees, room, and board rates are set by the university. The following items are considered in the cost of attendance:
- Personal Expenses
Every three years, the Financial Aid Office conducts a student survey to determine increases to this cost of attendance. In the years the survey is not conducted, a cost of living adjustment may be made to the previous year’s cost of attendance.
A one-time computer budget adjustment is also allowed. The student must bring receipts or three estimates to the Financial Aid office along with a request to increase their budget for the purchase of the computer. The purchase must be made within the academic year in order to be considered as an increase to the cost of attendance. Other adjustments to the cost of attendance (or budget) may be considered for dependent care expenses that a student may incur (must be out-of-pocket and not subsidized or covered by any state assistance program). See a financial aid adviser for more information.
How a Total Financial Aid Package is Determined
From the cost of attendance, your Estimated Family Contribution (EFC) is subtracted, yielding a figure for unmet need. That EFC is what drives all grant awarding. The Financial Aid Office creates an individualized student aid package based on that need. Scholarships, grants, loans, and work-study are used to address your unmet need. You will not receive more than what has been calculated as your cost of attendance. Also, be aware that more than one award for tuition is not allowed.
There are certain forms of aid that can be awarded in place of the EFC, for example, PLUS loans and unsubsidized Stafford loans.
Enrollment status will be determined each semester at census date (the third Friday of a regular semester). Students are responsible for securing their enrollment status by that date, this includes credit hours enrolled for at other institutions – you MUST have your consortium agreement submitted and complete by census date.
Full-time enrollment is 12 to 18 credit hours; three-quarter time is 9 to 11 credit hours; half-time is 6 to 8 credit hours and less than half-time is less than 6 credit hours.
Note: for student loan consideration and eligibility, you MUST enroll for a minimum 6 credit hours. For grant eligibility, awards will be pro-rated according to your enrollment status as indicated above.
Cost of attendance will also be prorated according to your enrollment status.
Check your financial aid information on your self-service banner account (MyNMHU, then click “Enter Secure Area”).