H. FINANCIAL AID

Aid Awarded to Enrolled Undergraduates

H1.  Enter total dollar amounts awarded to full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, "total degree-seeking" undergraduates) in the following categories.  Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but that was used to meet need should be reported in the need-based aid columns. (For a suggested order of precedence in assigning categories of aid to cover need, see the definitions section.)

Indicate academic year for which data are reported:   Q 99-00 actual     Q  99-00 estimated    O  98-99 actual 

    

Need-based

Non-need-based
Scholarships/Grants        

Federal

$10,729,600 $409,197 

State

$198,867 $23,676,420 

Institutional (endowment, alumni, or other institutional awards) and external funds awarded by the college excluding athletic aid and tuition waivers (which are reported below)

$168,826 $8,455,967 

Scholarships/grants from external sources (e.g., Kiwanis, NMSQT) not awarded by the college

$0 $1,271,731 

Total Scholarships/Grants

$11,097,293 $33,813,315 
Self-Help    

Student loans from all sources (excluding parent loans)

$20,491,465  $16,014,997

Federal Work-Study

$1,233,501 $0 

State and other work-study/employment

$0 $11,678,950 

Total Self-Help

$21,724,967 $27,693,947 
Parent Loans $0 $4,773,526 
Tuition waivers $0 $1,318,789 
Athletic Awards $0 $3,232,434

Number of Enrolled Students Receiving Aid

H2.  List the number of degree-seeking full-time and less-than-full-time undergraduates who applied for and received financial aid.  Aid that is non-need-based but that was used to meet need should be counted as need-based aid.  Numbers should reflect the cohort receiving the dollars reported in H1.

Note: In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.

Need-based awards

First-time, Full-time Freshmen Full-time Undergrad (incl. fresh) Less than full-time undergrad
a) Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 1999 cohort) 4,803 21,261 2,158
b) Number of students in line a who were financial aid applicants (include applicants for all types of aid) 4,277 14,267 844
c) Number of students in line b who were determined to have financial need  1,954 7,955  638 
d) Number of students in line c who received any financial aid  1,927 7,694  533 
e) Number of students in line d who received any need-based gift aid  906 4,655  357 
f) Number of students in line d who received any need-based self-help aid  796 5,019  421 
g) Number of students in line d who received any non-need-based gift aid  1,762 4,481  78 
h) Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, &  private alternative loans).  949 4,732  304 
i) On average, the percentage of need that was met of students who received any need-based aid. Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans,  and private alternative loans). 73%
 Estimate
73% Estimate  73% Estimate 
j) The average financial aid package of those in line d. Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans,  and private alternative loans.) $4,952 $5,876 $4,704
k) Average need-based gift award of those in line e  $2,163 $2,239 $1,798
l) Average need-based self-help award (excluding PLUS loans, unsubsidized loans,  and private alternative loans) of those in line f   $2,181 $3,563 $3,904
m) Average need-based loan (excluding PLUS loans, unsubsidized loans,  and private alternative loans) of those in line f who received a need-based loan  $2,192 $3,545 $3,885
Non-need-based awards

First-time Full-time Freshmen

Full-time Undergrad (incl. fresh.) Less than Full-time undergrad
n) Number of students in line a who had no financial need who received non-need-based aid (exclude those receiving athletic awards and tuition benefits) 2,509 9,050 362
o) Average award to students in line (n)  $4,090 $4,491  $2,938
p) Number of students in line a who received a non-need-based athletic award 92 416 9
q) Average non-need-based athletic award to those in line (p) $8,314 $7,716 $2,509

H3.  Which needs-analysis methodology does your institution use in awarding institutional aid?

O  Federal methodology (FM)
Q
  Institutional methodology (IM)
Q
  Both FM and IM

H4.  Percent of 1999 graduating undergraduate class who have borrowed through any loan programs (federal, state, subsidized, unsubsidized, private etc.; exclude parent loans).   Include only students who borrowed while enrolled at your institution.     48.5%  

 

H5.  Average per-borrower cumulative undergraduate indebtedness of those in line H4; do not include money borrowed at other institutions:     $17,093   

Aid to Undergraduate International Students

H6.  Indicate your institution's policy regarding financial aid for undergraduate international (nonresident alien) students:

Q  College-administered need-based financial aid is available for undergraduate international students
O
  College-administered non-need-based financial aid is available for undergraduate international students
Q  College-administered financial aid is not available for undergraduate international students

If college-administered financial aid is available for undergraduate international students, provide the number of undergraduate international students who received need- or non-need-based aid:     618    

Average dollar amount awarded to undergraduate international students:     $5,094    

Total dollar amount of financial aid from all sources awarded to all undergraduate international students:    $3,147,815   

Process for First-Year/Freshman Students

H7. Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:

O   FAFSA
Q
   Institution's own financial aid form
Q   CSS/Financial Aid PROFILE
Q   State aid form
Q   Noncustodial (Divorced/Separated) Parent's Statement
Q   Business/Farm Supplement
Q   Other:

H8.  Check off all financial aid forms international (nonresident alien) first-year financial aid applicants must submit:

Q   Institution's own financial aid form
Q   CSS/Financial Aid PROFILE
Q   Foreign Student's Financial Aid Application
Q   Foreign Student's Certification of Finances
O   Other: Admission application for scholarship consideration

H9. Indicate filing dates for first-year (freshman) students:

Priority date for filing required financial aid forms:     April 1    
Deadline for filing required financial aid forms:                       
No deadline for filing required forms (applications processed on a rolling basis):                      

H10.  Indicate notification dates for first-year (freshman) students:

Students notified on or about (date):                        
Students notified on a rolling basis: Yes
   
If yes, starting date:
Approximately March 1


H11. 
Indicate reply dates:

Students must reply by (date):                              or within     21     days of notification.

Types of Aid Available
Please check off all types of aid available to undergraduates at your institution:

H12.  Loans
FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)

Q
   Direct Subsidized Stafford Loans
Q
   Direct Unsubsidized Stafford Loans
Q
   Direct PLUS Loans

FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFEL)
O
   FFEL Subsidized Stafford Loans
O
   FFEL Unsubsidized Stafford Loans
O
   FFEL PLUS Loans
O
   Federal Perkins Loans
Q
  Federal Nursing Loans
Q
  State Loans
Q
  College/university loans from institutional funds
Q
  Other (specify):

H13.  Scholarships and Grants
NEED-BASED:

O
   Federal Pell
O   SEOG
O
  State scholarships/grants
O
   Private scholarships
O
   College/university gift aid from institutional funds
Q
  United Negro College Fund
Q
  Federal Nursing Scholarship
Q
  Other (specify):

H14.  Check off criteria used in awarding institutional aid. Check all that apply.
   Non-need Need-based
Academics O Q
Alumni Affiliation O Q
Art O Q
Athletics O Q
Job skills Q Q
ROTC O Q
Leadership O Q
Minority status Q Q
Music/drama O Q
Religious affiliation Q Q
State/district residency Q Q

Financial aid definitions

Financial aid applicant: Any applicant who submits any one of the institutionally required financial aid applications/forms, such as the FAFSA.

Indebtedness: Aggregate dollar amount borrowed by the student.

Institutional and external funds: Endowment, alumni, or external monies for which the institution determines the recipient and the dollar amount awarded.

Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.

Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and noninstitutional student aid (grants, jobs, and loans).

Need-based gift aid: Scholarships and grants from institutional, state, federal, or other sources for which a student must have financial need to qualify.

Non-need-based gift aid: Scholarships and grants, gifts, or merit-based aid from institutional, state, federal, or other sources (including unrestricted funds or gifts and endowment income) awarded solely on the basis of academic achievement, merit, or any other non-need-based reason. When reporting questions H1 and H2, non-need-based aid that is used to meet need should be counted as need-based aid.

Note: Suggested order of precedence for counting non-need money as need-based:

Non-need institutional grants
Non-need tuition waivers
Non-need athletic awards
Non-need federal grants
Non-need state grants
Non-need outside grants
Non-need student loans
Non-need parent loans
Non-need work

Scholarships/grants from external sources: Monies received from outside (private) sources that the student brings with them (e.g., Kiwanis, NMSQT scholarships). The institution may process paperwork to receive the dollars, but it has no role in determining the recipient or the dollar amount awarded.

Self-help aid: Need-based loans and jobs up to the level of institutionally determined need.

Work study and employment: Federal and state work study aid, and any employment packaged by your institution in financial aid awards.

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