UNM Los Alamos

Financial Aid

Financial Aid

Important Notice Regarding New Mexico Lottery Scholarships for Spring 2014

June 20, 2013 

Dear UNM-Los Alamos Students: 

The New Mexico Higher Education Department has notified us that we can anticipate significant changes to the New Mexico Legislative Lottery Scholarship. At this time, it has not been determined how much of a change students will experience; it is very likely that the scholarship will not cover 100% of tuition as it has in the past

We are taking this opportunity to inform our students and their families so that they can plan accordingly as they will be paying a larger portion of the total tuition beginning with the spring 2014 semester. We believe that our tuition and fees continue to be affordable as you pursue a quality education at UNM-Los Alamos. 

For more information regarding the circumstances related to this expected change, please see this letter from Dr. Jose Z. Garcia, Secretary, New Mexico Higher Education Department. 

As the 2014 spring semester approaches, we urge you to keep informed regarding this important change via LoboMail and by contacting the UNM-Los Alamos Financial Aid Officer, Elizabeth Rademacher at 662-0341 or eradema@unm.edu

Regards, 

Cedric D. Page, PhD 
Executive Director, UNM-Los Alamos


 

As part of its basic philosophy, UNM Los Alamos is committed to ensuring that the opportunity for a post-secondary education not be denied to any student because of limited finances. To fulfill this goal, the Financial Aid Office administers a broad spectrum of loans, grants, employment, and scholarships to meet the financial needs of all the University’s students.

The Financial Aid Office awards financial aid to students according to their individual needs. Parents of students are expected to contribute to their child’s education according to their ability, taking into account their income, assets, number of dependents, and other relevant information. Students themselves are expected to contribute from their own assets and earnings, including appropriate borrowing against future income.

Because the amount of assistance awarded is based on financial need, the amount of aid awarded is not publicly announced, and all information provided to the Financial Aid Office is regarded as confidential.

Finding Financial Aid

Finding the right type of financial aid for you is made easy with some basic information.

The first step to receiving all types of Federal Financial Aid, including grants, loans, and work study, is to complete the FAFSA. The FAFSA is the Free Application for Federal Student Aid. It is the application used to apply for Federal, State and some institutional financial aid. Students must complete the FAFSA every year. UNM's priority date for completing the FAFSA is March 1. That means students who completed the FAFSA by March 1 are considered first for some types of limited grants.. Students are encouraged to complete the FAFSA on the web as soon as possible after January 1 of each year.

Our FAFSA School Code is 002663 – This is for ALL UNM campuses.

Once your FAFSA has been received by UNM, you will need to submit any missing requirements. These are listed on your Financial Aid tab in LoboWeb.

Checking Your Financial Aid Status

You can check the status of your financial aid, see and complete file requirements, and apply for loans all through your LoboWeb account.

  • Log into my UNM using your NetID and Password
  • Click the “Student Life” Tab
  • Click “Enter LoboWeb”
  • Click the “Financial Aid” tab at the top of the page
  • Complete information, including your Cost of Attendance and your Estimated Family Contribution (as determined by your FAFSA) can be seen here.

Any grant, scholarship, work-study, or loan awards can be seen and managed through your Financial Aid Tab. You can even accept a loan offer in Lobo-Web.

Types of Aid

Grants

Grants are awarded based on need as determined by your FAFSA and do not have to be paid back. These include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant ( SSEOG) and the State Student Incentive Grant ( SSIG). In order to be eligible for SEOG and SSIG, students must have their FAFSA in by March 1.

Scholarships

Scholarships are awarded on a variety of criteria. Some are need based, but nearly all have certain academic requirements, such as GPA, course of study, and course load. Please see our scholarships page for more information.

Student Employment/ Work Study

Work Study positions are available at UNM-LA. Students need to complete a FAFSA and check off the option that they are interested in work study. If you have questions, please make an appointment with the Financial Aid Office.

Loans

Loans are available for students or parents to borrow to help pay educational expenses. Students must have a FAFSA submitted in order to be considered for these federal loans. The amount of eligibility is determined by grade level.

Repayment usually begins 6 months after graduation. There are 3 types of loans:

  • Subsidized– No interest accrues while in school
  • Unsubsidized– interest accrues immediately
  • Parent Loan– PLUS– up to COA, credit based, parents only apply.

UNM Los Alamos Students must submit a Federal Direct Loan request in order to receive loans. Please make an appointment with the financial aid advisor to learn more. After your loan request is approved, you will need to go to http://studentloans.gov and complete your:

  • Pre-loan counseling
  • Master Promissory Note.

Your loan WILL NOT be disbursed until these are completed.

To apply for a student loan, please click this link: Direct Loans. You can submit this request electronically or find paper copes outside the Financial Aid Office.

Contact Information

Elizabeth Rademacher
(505) 661-4692
eradema@unm.edu
Student Services Center
Building 2, Lower Level
Monday–Friday: 9:00 a.m. to 4:00 p.m. by appointment