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 $500 per year. Renewable if student maintains satisfactory progress. May receive grant for a total of eight consecutive semesters as long as Pell Grant eligibility is maintained and funding is available.
What are the eligibility requirements? New Mexico residents; undergraduate; must demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA). May not be receiving any other state or federal grants (other than Pell Grant) and scholarships. Enrolled at least half-time (6 credit hours). Award will be prorated based on enrollment status.
When is the deadline? Deadlines & Application: March 1 Free Application for Federal Student Aid (FAFSA) and April 15 to complete the file.