New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 11 - STUDENT CHOICE PROGRAM
Section 5.7.11.8 - STUDENT ELIGIBILITY

Universal Citation: 5 NM Admin Code 5.7.11.8

Current through Register Vol. 35, No. 18, September 24, 2024

To be eligible for a grant, a student shall:

A. be a resident of New Mexico as defined in 5.7.18.9 NMAC or be eligible for a waiver as defined in 5.7.18.10 NMAC, provided all other eligibility requirements are fulfilled;

B. be enrolled at the time the grant is awarded and disbursed, for at least six semester credit hours in a program leading to a degree, at an eligible institution;

C. offer proof of substantial financial need;

D. be in satisfactory academic standing, as defined by the institution, or be making his first application to the institution;

E. not owe a refund on a grant received for attendance at any institution under the federal Pell grant, federal supplemental educational opportunity grant, New Mexico student incentive grant program or student choice grant program;

F. not be in default on a loan made by the institution under the Perkins loan program unless the student has made arrangements satisfactory to the institution to repay the loan;

G. not be in default on a loan insured under the Stafford loan or the parent loans for undergraduate students (PLUS) program unless the secretary of education or a guarantee agency determines that the student has made satisfactory arrangements to repay the loan;

H. complete an application for financial assistance supplied by the institution the student wishes to attend.

Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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