Designed for New Mexico residents with exceptional financial need. Formerly the New Mexico Student Incentive Grant. Grants don't need to be repaid.
Grants are available to undergraduate students only.
No interest accumulates while the borrower is still in school. Begins 9 months after graduation. No interest accumulates while the borrower is still in school. Begins 6 months after graduation. Interest on unsubsidized loans is charged quarterly as soon as money is borrowed.