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Federal student financial aid is the best place to start seeking money for college or career training. Federal student aid comes from the federal government – specifically, the U.S. Department of Education. It’s money that helps pay for higher education expenses (i.e. college, career school, or graduate school expenses). Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. The Free Application for Federal Student Aid (FAFSA) is the most important application for getting federal assistance and the only way to get access to federal student loans, grants and work-study programs. Submit your FAFSA application as early as possible, some aid is awarded on a first come, first served basis.
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Before you start your FAFSA application, let's talk about getting your FSA ID first.
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Make sure you have everything you need to fill out the FAFSA. Learn more here
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Have questions about the FAFSA application? Check out our FAQ's FAFSA FAQ's & Chat
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Done filling out the FAFSA application? See what your next steps will be here.
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Want to know more information about how to receive grants and how work study works? Learn more here.
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Find more information about how you can apply and receive scholarships here.
Also don't forget to apply for our $500 FAFSA scholarship!
Also don't forget to apply for our $500 FAFSA scholarship!
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Want to visit a workshop? There are tons of FAFSA workshops around the state of New Mexico, just check out the calendar.
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Need help with figuring how much college costs, how to budget and much more? Learn about it here.
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Want to find more information about how you can become a FAFSA volunteer in your community? Learn more here.
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Need more information?
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For the upcoming FAFSA Application, students will be required to report income and tax information from an earlier tax year. For example, on the 2021–22 FAFSA, students (and parents, as appropriate) will report their 2019 income and tax information. The IRS Data Retrieval Tool is the best way to import your tax info into the FAFSA.
Changes to Your Family’s Financial Situation
If your or your family’s financial situation has changed significantly from what is reflected on your federal income tax return (for example, if you’ve lost a job or otherwise experienced a drop in income), you may be eligible to have your financial aid adjusted. Complete the FAFSA questions as instructed on the application (including the transfer of tax return and income information), submit your FAFSA form, then contact the school you plan to attend to discuss how your current financial situation has changed. Note that the school's decision is final and cannot be appealed to the U.S. Department of Education.
If you plan to attend college from: |
Which FAFSA application to use: |
Application submission dates: |
Using income and tax information from: |
|---|---|---|---|
| July 1, 2020 - June 30, 2022 | 2021-22 | October 1, 2020 - June 30, 2022 | 2019 |
| July 1, 2022 - June 30, 2023 | 2022-23 | October 1, 2021 - June 30, 2023 | 2020 |
Changes to Your Family’s Financial Situation
If your or your family’s financial situation has changed significantly from what is reflected on your federal income tax return (for example, if you’ve lost a job or otherwise experienced a drop in income), you may be eligible to have your financial aid adjusted. Complete the FAFSA questions as instructed on the application (including the transfer of tax return and income information), submit your FAFSA form, then contact the school you plan to attend to discuss how your current financial situation has changed. Note that the school's decision is final and cannot be appealed to the U.S. Department of Education.
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The FAFSA is the #1 most important application for getting financial aid and the only way to get access to grants and federal student loans. Federal Student Loans have the lowest interest rates and the best repayment options. Many schools also use the FAFSA to award grants, scholarships and other financial aid. It’s important to submit the FAFSA as early as possible.
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Scholarships and grants are the best way to get free money for college as students do not need to repay these. Many universities also offer work-study programs to help students finance college while working part-time. Be sure to submit your FAFSA before applying for these programs as many programs use that information to determine eligibility.
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Private student loans are a good option to pay for college but should only be used after all other avenues for financial aid are explored. We offer a variety of fixed-rate private student loans to finance higher education. We are the oldest New Mexico based non-profit organization issuing private higher education student loans and have distinctive advantages over large national banks.
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Steps to Success: The Best Ways to Pay for College
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Thanks to our Partners
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- Prep for FAFSA » FSA ID » Get The App » FAFSA Myths
- Help with FAFSA » Tax Info » Who's My Parent? » Undocumented
- After the FAFSA » Verification
- Events Calendar » Workshop Events Entry Form
- Grants & Work Study
- Scholarships » $500 Scholarship Entry Form
- Plan Your Future » College Costs » Saving for College » Budgeting » Understanding Credit » Health Professionals » Military » Teachers
- Dependent Student FAFSA Slides
- Espanol
