| What is the NMSIG Program? |
The New Mexico Student Incentive Grant (NMSIG) Program assists States in providing grants to eligible students who attend post-secondary schools and have substantial financial need.
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| Who is eligible for an NMSIG? |
You may be eligible for an NMSIG if you meet all of the following conditions:
- Undergraduate Status.
- Resident of New Mexico.
- Citizenship requirement.
- Exceptional financial need.
- At least half-time status.
- Must be a regular student enrolled and accepted in an eligible program.
- Satisfactory Academic Progress.
- Not in default on previous federal loan, and,
- Does not owe a refund on federal grants previously received.
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| How do I apply for a NMSIG Grant? |
Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. There is no charge to file the FAFSA application. A new application must be filed every academic school year. Students who have a completed Pell file will be screened to see if they meet the criteria for the NMSIG.
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| What do I do once I am awarded my grant? |
Your NMSIG will be applied directly to your student account each term. Any funds remaining after paying your tuition and fees will be released to you. If your grant does not cover the cost of your tuition/fees, you must pay the additional charges.
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| What if I drop classes after receiving my NMSIG? |
If you drop credit hours at any time after receiving your check, you may be required to repay a portion or all of the funds you received. You will be notified by the Financial Aid Office after the add/drop period is over.
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