State Student Incentive Grant
Qualifications: Undergraduate students only (must be Pell Grant recipient); New Mexico resident.
Annual Amount: $500
Deadlines & Application: March 1: Free Application for Federal student Aid (FAFSA); April 15: complete file
Description: Similar to Pell Grants, State Student Incentive Grants are given to students with high financial need who qualify for Pell Grants. They do not have to be repaid.
Unlike the Pell Grant, the university is given a set amount by the state for State Student Incentive Grants, and all qualified applicants are not guaranteed them. They are given on a first-come, first-serve basis to those who have qualified for Pell Grants and, by law, to state residents.