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Federal Student Aid

Application and Process:

 

Federal and State Grants

Federal and State Work-Study

The federal and state work-study programs provide funding for part-time jobs for undergraduate and graduate students with financial need (a small amount of state work-study is also available for students who do not demonstrate financial need), allowing them to earn money to help pay education expenses. Work-study is different than other financial aid; it will never pay directly to a student's account.  Rather, students will receive a paycheck every other week for their hours worked.  Students must complete the FAFSA by the priority deadline (March 1) in order to be considered for work-study.  Work-study is a limited funding program; funds will be awarded on a first-come, first-served basis.  

If a student has work-study as part of their award and would like to utilize it, the following steps should be completed:

Please review the Student Employment Handbook for further information regarding working on campus

 

 

Federal Student Loans

Annual Loan Limits

Dependent Undergraduate Students

  BASE AMOUNT
(SUB/UNSUB)
ADDITIONAL
LOAN (UNSUB)
Total
Freshman $3,500 $2,000 $5,500
Sophomore $4,500 $2,000 $6,500
Junior $5,500 $2,000 $7,500
Senior $5,500 $2,000 $7,500

Independent Undergraduate Students and Dependent Undergraduate Students Whose Parents Cannot Borrow PLUS 

  BASE AMOUNT
(SUB/UNSUB)
ADDITIONAL
LOAN (UNSUB)
Total
Freshman $3,500 $6,000 $9,500
Sophomore $4,500 $6,000 $10,500
Junior $5,500 $7,000 $12,500
Senior $5,500 $7,000 $12,500

 

New Mexico Tech's Student Loan Code of Conduct for Education Loans