Financial Aid Homepage
We are committed to helping you attain your educational goals and assisting you in meeting the cost of your education at UNM-Taos. Our Financial Aid Advisors are here to answer your questions and to help you find the resources and secure the funds necessary for your educational needs.
The links below and to the left contain information and forms that will explain and guide you through the financial aid application process.
Please do not hesitate to call us at (505) 737-6215 with any financial aid questions you have.
Types of Financial AidGrants - Grants are awarded based on need and DO NOT have to be repaid. In addition to the general eligibility requirements, you must be enrolled as an undergraduate in an eligible degree program and not have a previous baccalaureate degree. Some grants that are available to students in New Mexico are the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant, and the New Mexico State Student Incentive Grant. Contact the UNM-Taos Financial Aid Office for complete grant information.
Student Loans - You should apply for a loan only if you do not qualify and have been turned down for other forms of financial aid. A student loan is a loan that usually carries a lower interest rate that other types of loans. A Student Loan is a serious and legal financial obligation and it is a form of financial aid that must be repaid. The UNM-Taos Financial Aid office can guide you through applying for a Student Loan.
Workstudy benefits are monies paid to the student as compensation for work performed during the semester. These monies DO NOT need to be repaid. Workstudy position openings are posted on UNMJobs.unm.edu.
To be eligible to receive financial aid you must:
- Have a high school diploma or GED.
- Be a degree-seeking student.
- Be a U.S. citizen or eligible non-citizen.
- If you are male, a statement of registration indicating that you have registered with the Selective Service or that you are not required to register.
- Be enrolled for at least six credit hours (for most financial aid programs).
- Not owe money to any federal or state financial aid program.
- Not be in default on any federal or state educational loans.
- Meet satisfactory academic progress requirements.
- Not be receiving financial aid from two different educational institutions in the same semester.
- Complete and submit required forms and applications by the deadlines
January 1 is the earliest date for submitting the FAFSA form
June 30 is the date by which the FAFSA form must be received by the Federal Aid Student Programs office.
Satisfactory Academic Progress Policy
Federal regulations require that to remain eligible for financial aid, you must perform in the classroom according to the University's Satisfactory Academic Progress policy. Student academic progress is reviewed at the end of each academic year for programs at least two years in length. For programs shorter than two years in length, academic progress is reviewed at the end of each semester. For students not meeting the University's standard, financial aid will be canceled.
Click here for the full Satisfactory Academic Progress Policy
How Withdrawal from Classes Affects Your Financial Aid
Financial aid is awarded to students who are committed to achieving to an educational goal and withdrawal from classes could negatively impact your financial aid package. Contact the Financial Aid Advisor at (505) 737-6217 for complete information.