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Student Loan Amounts

All student loan recipients receive their loan amounts in three disbursements. Checks are available at the Cashier's office every Friday after the initial term check release. The Cashier's office is located in the at Main, Montoya or Westside campus.

  • If you’re a freshman student and a first-time borrower, you must complete the entrance counseling, sign a master promissory note and apply online for your loans. In addition, your first disbursement can’t be made until 30 days after the first day of term. Loan Instructions/Application

Borrowers may be assessed an origination fee and/or an insurance premium. The origination fee is charged by the lender and turned over to the federal government to help offset the cost of federal interest subsidies. This amount is deducted from the student loan.

Loan amounts can be requested based on the following.

Freshman = less than 30 completed college level credit hours
Sophomore = 30 or more completed college level credit hours

 

Dependent Students

Level

Base Amount

Additional unsubsidized loan amount

In ALL College Level Courses

Freshman

3500

None except to replace sub eligibility only

Sophomore

4500

None except to replace sub eligibility only

If Courses Below 1000 Level

Freshman

3500

No unsubsidized is available

Sophomore

4500

No unsubsidized is available

If In Coordinated Entry Program

Freshman

3500

2000 (or to replace sub eligibility up to max annual 5500)

Sophomore

4500

2000 (or to replace sub eligibility up to max annual 6500)


Independent Students

Level

Base Amount

Additional unsubsidized loan amount

In ALL College Level Courses

Freshman

3500

4000 (or to replace sub eligibility up to max annual 7500 unsub)

Sophomore

4500

4000 (or to replace sub eligibility up to max annual 8500 unsub)

If Courses Below 1000 Level

Freshman

3500

No unsubsidized is available

Sophomore

4500

No unsubsidized is available

If In Coordinated Entry Program

Freshman

3500

6000 (or to replace sub eligibility up to max annual 9500)

Sophomore

4500

6000 (or to replace sub eligibility up to max annual 10500)

 

All loan requests and amounts will be processed for three terms. Your actual loan eligibility may vary and amounts are subject to federal regulations, CNM budgets, and student eligibility. Student must be in enrolled in 6 financial aid eligible credits to receive loans.