FAFSAThe Free Application for Federal Student Aid (FAFSA) is a needs analysis document that determines eligibility for federal financial aid programs. It requires only your (and your spouse’s) income and asset information.
The first step in completing your FAFSA is to get your Personal Identification Number (PIN). Once you have acquired your PIN, you may file your federal financial aid application electronically at FAFSA.
The Department of Education will send you a Student Aid Report (SAR) after you submit the FAFSA. Read it carefully to make sure the information is correct. If you are asked to submit any supporting documentation, please send it to Carol Cravens, the law school’s Financial Aid Officer.
Do not send us tax forms or other supporting documentation unless we ask you to do so. If you have unusual financial circumstances that may affect your financial aid eligibility, contact us after you have been admitted.
Students work at the law school doing research for a professor or in the library’s legal research pool. While the law school recommends that students refrain from working during their first semester of legal study, first-year students may work up to 15 hours per week, provided they are in good standing and follow the law school’s work requirements (see FAQ number 11). Second- and third-year students may work up to 20 hours per week.
A loan for students with exceptional need, offering a 5% interest rate, repayment beginning nine months after graduation, and up to 10 years to repay. See Student Loans.
There are two types of Federal Stafford Loans, the subsidized and the unsubsidized loan. Further details are available at Student Aid.
The U.S. government pays (subsidizes) all interest while you are in school and during the 6-month grace period.
You are responsible for paying the interest which accrues during school time and during the 6-month grace period.
In any academic year, the maximum for both Stafford loan programs is $20,500. The maximum subsidized loan is $8,500. Loan eligibility is based on the "cost of education budget," as determined by UNM, and other financial aid awards. For all Stafford loans first disbursed on or after July 1, 2006, the interest rate is fixed at 6.8 percent. This change from a variable to a fixed interest rate does not affect a borrower’s variable interest rate on loans made before July 1, 2006. Borrowers may choose one of four repayment plans.
Law students whose full cost of attendance has not been met by their Perkins or Stafford loans are now eligible to borrow additional funds under the PLUS Loan Program. For further information on PLUS loans, please see PLUS Loans.
Financial Aid Forms – UNM’s priority filing date is March 1.
UNM Federal Code is 002663
UNM School of Law
1117 Stanford NE MSC11 6070, 1 University of New Mexico
Albuquerque, NM 87131-0001
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New Mexico's Flagship University