New Mexico Student Incentive Grant (NMSIG)
New Mexico Higher Education Department (NMHED)
Check datesRenews each year
Need-based grant of $200 to $2,500 a year for New Mexico undergraduates with substantial financial need at New Mexico public or tribal colleges.
- How much
- $200 - $2,500 per year
- Who qualifies
- NM resident; at least half-time undergraduate at an eligible NM college; substantial financial need; HS diploma or HSE.
- For students starting college, undergrads
- US citizen or eligible non-citizen (per 5.7.8 NMAC); New Mexico's nondiscrimination principle extends state aid to students who meet its NM high school criteria regardless of immigration status
- Need-based: your FAFSA decides how much you get.
- When to apply
- Check dates Set by each college; apply early in the FAFSA cycle (funds limited).
- How to apply
- Complete the FAFSA (or your college's state aid application) and contact your college's financial aid office for its instructions and deadlines
- The college selects recipients
- What you'll need
- FAFSA only
- Last checked
- October 24, 2026, against the official page (hed.nm.gov) and page 2
The details
For New Mexico residents enrolled at least half time as undergraduates at a New Mexico public college, university or tribal college (the rule also allows eligible nonprofit institutions) who have a high school diploma or equivalency credential and substantial financial need as determined by the college. Awarded for one year; renewable annually until the student earns a bachelor's degree, with satisfactory academic progress.
More money from New Mexico
- Teacher Preparation Affordability ScholarshipUp to $6,000 per academic year (based on need)
- New Mexico Competitive ScholarshipA scholarship of at least $100 per semester plus in-state tuition and fee rates
- New Mexico Legislative Lottery Scholarship100% of tuition
- New Mexico Opportunity Scholarship100% of tuition and course-specific fees up to $50 per credit hour (at New Mexico public colleges and universities)
- New Mexico ScholarsTuition, books and fees
Keep looking
- Answer a few questions to see every program you qualify for
- Nearby states: Arizona, Colorado, Oklahoma, Texas, Utah
- Federal aid and national scholarships (open to students in any state)
- The FAFSA in plain English (2027-28)
- Should I file the FAFSA if I don't think I'll qualify?
- FAFSA deadlines by state (2027-28)
- The FAFSA for parents: what you need to do
- How to save on textbooks: free, rented and cheaper options
We list programs; we don't decide who gets them. Always check the official page before you apply. Spot something wrong? Tell us.