Frequently Asked Questions
How do I submit the FAFSA?
You may file your FAFSA anytime after January 1st of each year. The FAFSA can be submitted online at www.fafsa.ed.gov. If you are filing a renewal application, you will be required to log on with your assigned PIN. As of May 10th 2015 students will be required to switch to an USER ID and PASSWORD. Learn more about the IDs.
You may request a paper application be sent to you by calling 1-800-4FEDAID. Allow four to six weeks for the FAFSA to be processed if you mail the paper application and two to three weeks if you file the FAFSA online.
How do I request an IRS transcript request with line items if I don't have my federal tax returns to complete the FAFSA?
Review the information at this link for details.
My parents don't support me or claim me on their taxes. Why do I need their tax information on the FAFSA?
The government has established criteria to determine dependency status for undergraduates. If you do not meet these criteria, you are considered financially dependent. It does not matter whether you live with your parents, receive support from them or are claimed on their tax returns.
My financial situation has changed since filing the FAFSA. What should I do?
Visit with a financial aid advisor for more information on how to proceed. Adequate documentation will be required to support any adjustments to your application.
My SAR isn't accurate. How do I correct it?
If you have been selected for verification, you should submit the required documents to CNM Financial Aid and Scholarship Services and allow them to make the changes. If you weren't selected, corrections can be made at fafsa.gov.
Whose financial information do I report on the FAFSA if my parents are divorced?
Report information for the parent who provided the most financial support during the last 12 months. If you haven't received support from either parent during the last 12 months, report information for the parent from whom you most recently received support or lived with. If the parent is remarried, you must also report income and asset information for your step-parent.
I have been awarded a scholarship and i am thinking of dropping a class, will this affect my award?
In order to continue receiving scholarship awards, including Lottery, students must meet specific academic requirements. See the Scholarships section of this web site.
I've already filed my FAFSA, but CNM is not included on the institution list. What should I do?
The fastest way to add CNM to your FAFSA data is to call the Federal Student Aid Processor at (800) 433-3243. You will need your four-digit Data Release Number (DRN), found on the first page of your SAR, and CNM's six-digit Title IV school code: 004742.
Should I wait until I am admitted to CNM before applying for financial aid?
No. You should file the FAFSA as soon as possible after January 1. However, you must be admitted to CNM before a financial aid award letter will be sent to you.
Why was I selected for verification?
Applications are selected by the federal processor before reaching CNM. If selected, you will need to submit copies of federal tax information and a verification worksheet. Conflicting information will be corrected by the school.
How do grades affect a student's eligibility for financial aid?
Students must make Satisfactory Academic Progress in order to continue receiving financial aid.
What happens to my financial aid if I decide to drop classes or withdraw from the college?
Depending on when you drop classes or withdraw from the college, you may be required to repay a portion of the financial aid you received for the term. Dropping classes or withdrawing may affect your eligibility for the current term and subsequent terms.
I applied for financial aid. Why was I only offered student loans?
Student loans are a form of student financial aid. Grant aid is typically awarded to students demonstrating the highest levels of need. Student loans offer the opportunity to borrow money to help pay for college at a low interest rate and with repayment terms that would not otherwise be available. No student is required to take out a loan, but in some cases student loans are the only form of student financial aid for which a student is eligible.
I am back in college. How do I stop making payments on my student loans?
You'll need to submit an enrollment certification form to the CNM Student Records Office which is then mailed back to your lender(s). Contact your lender(s) for more information.
Can I get my tuition and fees deferred until I receive my first VA Education payment?
Yes, (1) on a one time only basis, (2) if you have been approved by the VA to receive benefits and (3) tuition and fees exceed $100.
How many times can I change my program while receiving VA educational benefits?
There is no limit for changing programs; however, there may be a penalty based on credits transferred or if you change schools. You must also notify the CNM VA office if you do decide to change your program.
Do I have to submit a class schedule every term in order for my VA Educational Benefits to continue?
Yes, you must turn in your class schedule to the CNM VA office at Main Campus or have your class schedule approved by an academic advisor at any other campus and forwarded to the Main Campus VA office. A final Class Schedule will be required to prevent changes once a final schedule has been approved by the Certifying VA representative."