UNM participates into the Federal William D. Ford Direct Loan program (known as Direct or Stafford Loans). The financial institution could be the U.S. Department of Education in place of a bank or any other institution that is financial. UNM also participates when you look at the Federal Perkins Loan Program. Here are the kinds of loans you will be considered for and perhaps provided upon completing your FAFSA as well as your aid that is financial file.

Subsidized Loans

• Need-based plus don’t have interest accruing when you are in college or perhaps in deferment.
• Loan honor is capped by way of a particular grade degree.
• Payment starts 6 months once you graduate, drop below half right time, or withdraw.