New Mexico offers scholarships covering 100% of tuition for qualifying state residents attending public universities in the state, including online students.
Which of New Mexico’s four online colleges is best for you? The answer depends on your budget, preferences, and future goals. By researching your financial aid options and evaluating your educational goals, you’ll be able to identify the right fit.
Consider your future goals
A college degree can help you achieve your career goals, and in New Mexico, a degree gives you an edge in the job market. According to the State of the Workforce Report 2023 According to data from the New Mexico Department of Workforce Solutions, 28.5% of New Mexicans have a college degree or higher, more than 5% lower than the national average. Those with a college degree benefit from the lowest unemployment rate by educational level.
Whether you’re considering a career in business, healthcare, education, or another field that requires a degree, finding the right online college in New Mexico can make or break your career opportunities. You can compare schools based on their degree options, student support services, and learning outcomes to identify the college that best fits your needs.
Understand your expenses and financing options
The average cost of undergraduate tuition and fees at our ranked universities ranges from $6,700 to $8,000. That’s less than the average for all U.S. public universities, which costs $9,750 in 2022-23, according to NCES dataConsidering both public and private institutions, the national average exceeded $17,700.
However, the total cost of college depends on several additional factors, such as textbooks, living expenses, and financial aid. Fortunately, online students who attend accredited institutions qualify for federal grants, work-study programs, and loans. By submitting the FAFSA® annually, you’ll learn if you qualify for federal student aid programs. And colleges often use the FAFSA to award institutional aid.
Scholarships can also help you pay for your degree. You may qualify for the Opportunity Scholarship as an online student at one of New Mexico’s public universities. The scholarship covers 100% of tuition and fees for New Mexico residents who graduated from high school more than 16 months prior to enrolling in college. Recent high school graduates are eligible to use the scholarship. Lottery scholarship to cover tuition at a public institution.
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