We are pleased to inform you that you have been offered financial aid at Central New Mexico Community College. Some awards require further action. Please read below for more information. Some courses and programs are ineligible for financial aid.
For more information, visit the General Requirements Page.
Your award has been calculated based on full-time enrollment (12 credit hours or more). Your actual payment will be based on the number of financial aid eligible credit hours you are enrolled in at the time of disbursement.
Pell awards are prorated and are based on one or more financial aid eligible credit hours. Students enrolled less than half time will be eligible for either no Pell or only a reduced amount of Pell.
To qualify for loans and student employment (work study), you must be enrolled in 6 financial aid eligible credit hours. Awards are offered on a first come first serve basis.
To receive an award, students must:
- Be enrolled in a major and courses that are financial aid eligible
- Maintain Satisfactory Academic Progress
- Not be attending high school
- Not be receiving aid from another college or university
Awards vary based on financial need, which is the difference between the cost of attendance at CNM less your Expected Family Contribution (EFC) and other resources. Learn the average cost of attendance.
Check Release Information
Changes to Delivery of Financial Aid Funds Coming for Spring Term – All Students Receiving Financial Aid in Spring Term Must Re-enter Information in myCNM
Beginning with the Spring Term, CNM will be changing how it delivers financial aid funds to students. Students will be able to receive their financial aid funds either by direct deposit into their bank accounts or by mail. Students will receive their financial aid funds more quickly through a new direct deposit system. All students who want to receive their financial aid funds through direct deposit must enter their bank account information in myCNM, even students who are currently signed up for direct deposit. You can enter your account information now for the new system. Students who choose to have their financial aid funds mailed to them need to make sure their address on file with CNM is correct.
To enter your bank account information for direct deposit, log on to myCNM and click on the “Registration/Grades” tab at the top of the page. Then click on the “Pay Here/View Account Details” link in the top right corner of the page. Read important information on the page and then click on the “Student Account Center” button. Then click on the “eRefunds” link in the menu bar across the top of the page and set up your account.
Ability to Benefit
Beginning with the 2012-13 academic year, only students with a high school diploma, GED, or students who have been home schooled will meet the ATB requirement. Passing scores on an ATB test (e.g., the Accuplacer) or successful completion of 6 college-level courses will no longer be acceptable. Students who have passed the ATB test or successfully completed 6 college level hours by June 30, 2012, will continue to be eligible under the ATB requirement. A homeschooled student is a student whose parents (or parent) have registered their child with their state of residence.
Lifetime Eligibility Used
Beginning with the 2012-13 academic year, students are limited to 6 full-time years of Pell grant. If you receive the full amount of your scheduled award for the academic year, you will have used 100%. Since the maximum amount of Pell grant a student can receive per year equals 100 percent, the six-year equivalent is 600 percent. Some students do not receive their entire scheduled award because they were not enrolled for the full year or not enrolled full time, or both. The new regulation affects all students regardless of when they first started receiving their Pell Grant.
Repeat Coursework Announcement
Effective July 1, 2011, federal regulations have changed financial aid payment for repeated coursework. Students may repeat previously passed coursework once. This means that you may take the course twice and receive financial aid at CNM. All coursework on your CNM transcript is subject to this new rule, whether you received aid or not. Repeated courses do affect financial aid satisfactory academic progress calculations. A repeated course along with the original attempt must be counted as attempted credits.
Financial aid funds are released by direct deposit or mailed. More direct deposit information
Bookstore deferments are for student use only. Anyone purchasing for others will be reported to the Dean of Students for disciplinary action and possible suspension of financial aid.
Maintaining Satisfactory Academic Progress
Federal regulations require all terms of attendance be reviewed including terms in which the student did not receive financial aid. In order to meet Satisfactory Academic Progress (SAP), students must
- Maintain a cumulative grade point average of 2.0,
- Complete at least 66.67 percent of all attempted credit hours, and
- Complete their program within 150 percent of the hours required to graduate from that program.
The above criteria may not apply to maintaining scholarship eligibility.
Appeal Procedures for Satisfactory Academic Progress
Students who have been suspended from receiving federal student aid may appeal. Visit http://www.cnm.edu/depts/fass/requirements/appeal.html for further information.
Developmental Prep Courses
Students can receive financial student aid for up to 30 credit hours of developmental prep courses. Any class with a course number below 1000 is a developmental course. This restriction may include grants, loans, and student employment.
Programs That Adjust Enrollment May Result in Reduced Aid
Some majors at CNM do not fall under the regular definition of an eligible program and are subject to a special calculation. Depending on the award, the calculation may reduce your aid. For a list of these programs visit the General Requirements page, or you may visit the Financial Aid offices at Main, Montoya, or Westside campuses.
Ineligible Courses and Majors
Some courses and majors are ineligible for any federal financial aid. For a list of these programs visit the General Requirements page, or you may visit the Financial Aid offices at Main, Montoya, or Westside campuses.
Complete Withdrawal from School
Financial aid recipients who completely withdraw, drop out, or are dismissed from school before completing 60 percent of the term may be required to repay a portion of the funds they received to the U.S. Department of Education. Students who earn no passing grades in a given term are assumed to have unofficially withdrawn. Officially and unofficially withdrawn students may be required to repay a portion of financial aid received. For more information on withdrawals and repayments, visit http://www.cnm.edu/depts/fass/requirements/refundrepay.html .
Financial Aid Funds Release for Students in Late-Starting Classes
Financial aid eligible students enrolled in late-starting classes can expect release of financial aid funds approximately three weeks after classes begin. Students enrolled in multiple late-starting classes with different start dates can expect multiple disbursements.
In addition, your cost of attendance can potentially be reduced based on the maximum number of weeks you are attending. This may reduce your financial aid award.
Keep in mind that if you drop or withdraw from any classes, you may not be paid for those classes. Please note that you may still owe back federal and state aid if you drop classes before the "Last Day to Drop Without a W." See “Important Dates-Course Deadlines and Dates” in the Schedule of Classes.
Funds affected by this policy include Pell, SEOG, SSIG, NMCAG, General, Daycare, and student loans. Students must be enrolled in 6 eligible hours to receive a student loan. Loan disbursements will not occur until 3 weeks after the start of classes once the 6 credits has been met.
Your financial aid funds release will not be affected if all your classes begin the first week of the term.
Dropping and Adding Classes
Students who add classes may be paid for additional hours. Students who drop a class before the(or the Last Day to Drop Without a W) may have to repay a portion of funds they received for that class.
For planning purposes, May 1 is the priority date for the Free Application for Federal Student Aid (FAFSA) for the upcoming academic year, which begins every fall and runs through the following spring and summer terms.
Direct Loan Awards
Students who have been offered Direct Loans must complete the following steps:
- Complete a Loan Entrance Counseling Session at www.studentloans.gov .
- Sign a Master Promissory Note (MPN) at www.studentloans.gov . New borrowers must apply and complete this MPN. The MPN is good for 10 years from the date of signature.
- Accept their loans online by accessing myCNM.
To be eligible for a Direct Loan, a student must be enrolled in at least 6 eligible credit hours in a financial-aid eligible program.
Beginning in the 2013-2014 award year CNM will join other schools nationwide as part of the Department of Education Experimental Site Initiative. As part of the experiment CNM has chosen to reduce the maximum amount of unsubsidized loans students can borrow by $2000. For example, if in the 2012-2013 award year you borrowed $6000 in a federal unsubsidized student loan, for the 2013-2014 award year you could borrow no more than $4000 in federal unsubsidized student loans. The only exception to this is for students who have been admitted to a Coordinated Entry Program. Additionally, students enrolled in any developmental coursework will not be eligible for unsubsidized student loans.
Student Employment Awards
Student employment: For instructions on how to request student employment awards, please visit www.cnm.edu/depts/fass/studentemployment/apply.html
To view your individual educational cost and financial aid award please follow the steps below:
- Go to cnm.edu and click on myCNM
- Click "Financial Aid" tab
- Click on "Financial Aid Awards" in upper left hand corner of web page
- Under Select Aid Year: Use the drop down menu to select the correct aid year
- Click "Submit"