The federally funded American Rescue Plan (HEERF III) provides financial assistance to higher education institutions, as well as students. A total of $25,075,650 million was awarded to New Mexico State University for financial grants to students to assist with any component of their Cost of Attendance or for emergency cost that arise due to coronavirus. As of 12/31/2021 the entire $25,075,650 has been awarded. There were two rounds of awarding which are detailed below.
Round 1
Students who were enrolled in at least 1 credit in the Spring or Summer 2021 semesters were eligible to receive these funds. Student had to apply for these funds and the application was open from 7/1/2021 thru 8/23/2021. Following the guidance of the Department of Education, NMSU prioritized all high needs students and the FAFSA was used to determine high need. All students having an EFC in the Pell eligible range (0 - 5711) were identified as high need. Students with an EFC ranging from 0 - 5711 were awarded $800 and students with an EFC that was greater than 5711 received $500. Students with incomplete FAFSA’s and rejected FAFSA’s were reviewed to make an EFC determination. If the EFC could be determined they were awarded based on the guidelines stated previously. If the EFC could not be determined they were awarded $500. Students without a FAFSA received $500.
21,305
10,699
Round II
Students who were enrolled in at least 1 credit in the Fall 2021 semester were eligible to receive these funds. Student had to apply for these funds and the application has been open since 9/9/2021. Following the guidance of the Department of Education, NMSU prioritized all high needs students and the FAFSA was used to determine high need. All students having an EFC in the Pell eligible range (0 - 5846) were identified as high need. Students with an EFC ranging from 0 - 5846 were awarded $1,200 and students with an EFC that was greater than 5846 received $800. Students with incomplete FAFSA’s and rejected FAFSA’s were reviewed to make an EFC determination. If the EFC could be determined they were awarded based on the guidelines stated previously. If the EFC could not be determined they were awarded $800. Students without a FAFSA received $800. Students who demonstrated exceptional need through a professional judgement request were granted additional funding.
After multiple notices had been sent to the student body and application were no longer being received, the remaining $2,522,976 was divided between the 14,958 applicants with 10,032 receiving an additional $169 while 4,926 received an additional $168.
20,574
14,958
Last Updated: 11/11/22
| Budget Cares Act - Institutional | $ 51,390,247.00 |
|---|---|
| Student Support | $11,3375,630.22 |
| Remote Learning Expansion | $8,414,465.49 |
| IT Capacity Expansion | $8,272,951.29 |
| Training for changes in Instruction Delivery | $624,540.34 |
| Sanitization | $5,578,722.00 |
| Lost Revenue | $13,008,323.77 |
| Total Expenses through 10/31/22 | $47,274,633.11 |
| Cares MSI Funding | |
|---|---|
| Budget Cares MSI | $5,974,563.00 |
| Lost Revenue | $3,215,692.78 |
| Total Expenditures MSI | $1,788,644.96 |
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