Types of Scholarships Available
New Mexico offers a wide range of scholarships to support students in their pursuit of higher education. These scholarships vary in purpose, eligibility criteria, and award amounts.
Scholarships are typically awarded based on academic merit, financial need, or a combination of both. Some scholarships are also specifically designed for students from certain demographic groups or who are pursuing specific fields of study.
Merit-Based Scholarships
- New Mexico Lottery Scholarship: This scholarship is awarded to high school graduates who have demonstrated academic excellence. The award amount varies depending on the student’s financial need.
- New Mexico Scholars Program: This scholarship is awarded to students who have achieved outstanding academic achievements and have demonstrated leadership potential. The award amount is $10,000 per year.
- National Merit Scholarship Program: This scholarship is awarded to students who have scored in the top 5% on the PSAT/NMSQT. The award amount varies depending on the student’s financial need.
Need-Based Scholarships
- Federal Pell Grant: This grant is awarded to undergraduate students who demonstrate financial need. The award amount varies depending on the student’s financial need and enrollment status.
- Federal Supplemental Educational Opportunity Grant (FSEOG): This grant is awarded to undergraduate students who demonstrate exceptional financial need. The award amount varies depending on the student’s financial need and the availability of funds.
- New Mexico Higher Education Department (HED) Grant: This grant is awarded to undergraduate students who demonstrate financial need and are enrolled in a public or private college or university in New Mexico. The award amount varies depending on the student’s financial need and the availability of funds.
Scholarships for Specific Demographics or Fields of Study, New mexico state scholarships
- Hispanic Scholarship Fund: This scholarship is awarded to Hispanic students who demonstrate academic excellence and financial need. The award amount varies depending on the student’s financial need.
- American Indian College Fund: This scholarship is awarded to American Indian students who demonstrate academic excellence and financial need. The award amount varies depending on the student’s financial need.
- STEM Scholarship Program: This scholarship is awarded to students who are pursuing a degree in a STEM field. The award amount varies depending on the student’s financial need and the availability of funds.
Application Process
Applying for New Mexico state scholarships is a straightforward process that can be completed online. The application period typically runs from October 1st to March 1st each year, and students are encouraged to apply as early as possible.
