Bursar's Office
Methods of Payment
Federal Pell Grant
Perkins Loan
Tuition Remission Program
NMSIG
SEOG
UNM Bridge to Success Award Letter
Other Grants & Scholarships
Third Party Students
Federal Pell Grant
The Federal Pell Grant is intended to be the "floor" of a student's financial aid package and is usually combined with other forms of student financial aid to meet a student's full financial need. This and other grants do not need to be repaid.
For more information, see the Student Guide for Financial Aid from the U.S. Department of Education (ED).
Perkins Loan
The Federal Perkins Loan Program is for undergraduate and graduate students enrolled in a participating post-secondary institution who need a loan to meet their educational expenses. The current interest rate is 5 percent. For more information see the Student Guide Financial Aid from the U.S. Department of Education (ED).
Tuition Remission Program
The Tuition Remission Program allows University employees to take classes from UNM, CNM, University Departments offering classes or seminars, the Continuing Education Department, or NMSU. The employee must be officially employed by the University prior to the first day of class(es). The Tuition Remission Program gives every University employee the opportunity to attend classes to complete a degree, enhance a current job position, or explore subjects for personal fulfillment. There are specific classes geared especially for UNM employees using this benefit, Introductory Math and Accounting classes are two examples.
Each employee is granted the cost equivalent of eight credit hours for the fall and spring semester, and the cost equivalent of four credit hours for the summer semester. The University will pay the equivalent of resident, undergraduate tuition for up to two (2) credit hours per calendar year for personal enrichment courses offered through UNM Division of Continuing Education or other University departments. The calendar year total amount will be based on the tuition rate in effect at the end of the calendar year. The personal enrichment allowance is in addition to the eight (8) credit hours available for academic and/or professional development courses. The value of personal enrichment courses will be included in the employee's taxable income and be subject to withholding. Spouses, domestic partners, and dependent children are not eligible for personal enrichment courses.
An employee does not need any authorization to take classes before or after work hours, but will need supervisory authorization for classes taken during the employee's regular work schedule. Employees must get a supervisory signature for all Continuing Education classes or classes taken at CNM.
Continuing Education/CNM Classes: Employees can use the cost equivalent of eight credit hours (fall/spring) and four hours (summer) at the current undergraduate rate toward classes taught at the Continuing Education Department or eight/four credit hours at CNM. These classes must be taken before or after the employee's scheduled work hours unless the employee's supervisor gives permission. Employees in the Tuition Remission Program can take CNM classes only if a similar class is not available at UNM. The Tuition Remission form needs to be submitted to the Cashier's Department at CNM.
If a spouse or domestic partner is not pursuing a degree or does not meet the criteria for the dependent education scholarship, the University will pay resident tuition for up to four (4) credit hours per semester for UNM courses taken for academic credit. Courses taken at any other institution, non-credit professional development courses, and personal enrichment courses do not qualify for this additional spouse or domestic partner benefit. Spouses and domestic partners may not receive both the dependent education scholarship and this additional spouse/domestic partner benefit for any given semester.
Taxability: The value of tuition benefits for courses taken by spouses for graduate credit and courses taken by domestic partners are considered taxable income to the employee and will be included as compensation on the employee's W-2 form filed with the IRS and subject to income tax withholding once per semester.
Tuition Remission forms are found on the Human Resources web site under forms, benefit forms. For academic credit courses they must be brought to the Bursar's Office, Student Services Center, Room 170, prior to the Enrollment Cancellation deadline. Any forms brought to the Bursar's Office after the Enrollment Cancellation deadline may be subject to the $75.00 late registration fee. Refer to Late Registration or Enrollment Cancellation terms. If you have any questions about the The Tuition Remission Program, please contact the UNM Bursar's Office at (505) 277-5363.
NMSIG
The NMSIG is a grant that combines federal and state funds to permit bona fide, extremely needy New Mexico residents to pursue a higher education. Awards range from $200 to $2500.00 per year.
For more information about specific Financial Aid programs at the University of New Mexico, please write or call Student Financial Aid.
SEOG
The federal SEOG program is for students of exceptional financial need who, without the grant, would be unable to continue their education. Awards range from $100 to $4000 per year. For more information see the Student Guide Financial Aid from the U.S. Department of Education (ED).
Third Party Students
If tuition is being paid by a Third Party, the Bursar's Office must receive an authorization letter each semester prior to the Enrollment Cancellation date. Due to the volume of students that are enrolled at the University of New Mexico (UNM) through Third Party authorizations, it is necessary to establish standard procedures that must be followed by all vendors and students.
The following information applies to students at the University of New Mexico:
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All charges from prior semesters must be paid.
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Student must be enrolled in classes (including second eight week courses) prior to the Financial Enrollment Cancellation.
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Failure to provide the necessary authorization will result in Enrollment Cancellation Due to Lack of Financial Commitment.
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Sponsored students registering on or after the first day of classes will be responsible for a late registration fee.
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All Third Party students must inform the Financial Aid Office of their award by the beginning of each Academic semester (fall, spring, and summer).
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It is the responsibility of each student to provide the Third Party agency with required academic information, such as class schedules and grades.
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The student is responsible for any charges not paid by the Third Party vendor. Fees not paid by Third Party must be paid prior to the Financial Enrollment Cancellation deadline or the student will be removed from classes.
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Students must notify the Bursar's Office of changes to their account caused by dropping or adding classes.
Third Party Vendor Sponsorships - Please observe the following:
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All authorizations must be received prior to the Financial Enrollment Cancellation date for the upcoming semester. If the authorization is not received in time, the student will be removed from all classes. The student will have to re-register for classes, subject to availability, and pay a $75.00 late registration fee.
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Authorization must specify exactly what category of education cost will or will not be paid (i.e., tuition, books, special fees, housing, etc.).
The University of New Mexico and the Bursar's Office must receive the necessary information to continue providing quality services to our students. If you have further questions, please contact the Third Party Coordinator at 925-9568, or visit the Bursar's Office located in the Student Services Center, Monday through Friday, 8:00 a.m. - 5:00 p.m.