New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 8 - NEW MEXICO STUDENT INCENTIVE GRANT (NMSIG) PROGRAM
Section 5.7.8.11 - STUDENT ELIGIBILITY
Current through Register Vol. 35, No. 18, September 24, 2024
To be eligible for a grant from the New Mexico student incentive grant program, a student must:
A. be a United States citizen or eligible non-citizen;
B. be a resident of the state of New Mexico as defined in 5.7.18.11 NMAC;
C. be enrolled or accepted for enrollment at least as a half-time undergraduate level student at a New Mexico post-secondary educational institution which has met the institutional eligibility requirements in 5.7.8.10 NMAC;
D. complete the free application for federal student aid (FAFSA)or other financial aid applications that may be required at an eligible institution;
E. have a substantial financial need;
F. maintain satisfactory progress;
G. not owe a refund on a grant overpayment under the Pell grant or supplemental educational opportunity grant programs; if a student owes a refund on a LEAP overpayment, the student is still eligible to receive additional federal student aid (FSA) funds as long as he or she meets all other eligibility requirements and as long as the school can elimante the overpayment by adjusting financial aid payments (other than federal Pell grants) in the same award period in which the overpayment occurred;
H. not be in default on a loan made by the institution under the national defense/direct student loan programs unless the student has made arrangements satisfactory to the institution to repay the loan;
I. not be in default on a loan insured under the guaranteed student loan or the parent loans for undergraduate students (PLUS) program unless the secretary or a guarantee agency determines that the student has made satisfactory arrangements to repay the loan.
