Skip to main content

Commit to finishing your degree in four years.

Staying on track to graduate on time provides students and parents with a clear opportunity for budget planning during the college years. Starting Fall 2015, UNM will pay the tuition costs of the final semester for new incoming first-time freshmen who graduate in eight regular semesters. It is one more reason for you to aim to achieve graduation in four years, and it’s one more way UNM is committed to helping you succeed.

Benefits of Finishing in Four Years

  • Maximize the value of your degree by starting work sooner
  • Begin your career or graduate/professional program earlier
  • Graduate with less or no debt by substantially reducing the cost of your degree

The Initiative

New Mexico residents could save approximately $2,818; and more than $8,622 compared to graduating in 5 years*.

Out of state residents could save approximately $10,953; and more than $33,516 compared to graduating in 5 years*.

Who is Eligible?

First-time, full-time domestic beginning freshmen entering UNM in Fall 2015 or later and who graduate in, or prior to, their 8th consecutive regular semester (fall and spring).

International students meeting these criteria will receive a waiver reducing their tuition charge to the resident rate for their final term.

Tuition Savings!

  When compared to graduating in 5 years you have the potential of saving:


Resident
$8,622

Non-Resident
$33,516



Frequently Asked Questions

A: The program will cover undergraduate tuition (or the portion of tuition) in the final semester that is not paid by another source (excluding Pell Grants) such as institutional, state, private or gift aid. Students receiving the NM Legislative Lottery Scholarship will be eligible to receive funding in the amount of tuition not funded by the program. Students whose tuition is paid in full by a source other than Pell Grants will not receive funding.

A: Your tuition is covered, you are responsible for any fees, differential tuition, or other related expenses.

A: Prior to your final semester, you will indicate your intent to graduate and eligibility for the program to the UNM Student Financial Aid Office via the online form. Upon verification, the appropriate amount will be awarded at the beginning of your final semester.

A: As long as you remain continuously enrolled as a full-time student at UNM in each regular semester through graduation, you may take courses elsewhere.

A: Should a student who received the tuition incentive not graduate in the same semester, the award amount will be reversed in the student’s account. If the student subsequently graduates by the summer after the 8th consecutive regular semester, the award will be reinstated.

A: Students who entered UNM in the Fall 2013 and 2014 as first-time, full-time beginning freshmen and who meet the other program provisions will be eligible for reduced flat rate incentives ($750 for students who began Fall 2013 and $1,000 for students who began Fall 2014 respectively) subject to the listed requirements.

A: The incentive is applied to tuition only. We assumed a 3% increase each year and no other financial assistance. This example is for first-time full-time domestic freshmen entering Fall 2015.

5-Year Tuition Only ScheduleYear 1 Tuition
2015-16
Year 2 Tuition
2016-17
Year 3 Tuition
2017-18
Year 4 Tuition
2018-19
Year 5 Tuition
2019-2020
Your Savings
Resident Tuition$5,157$5,312$5,471$2,818$5,804$8,622
Non-Resident Tuition$20,048$20,649$21,268$10,953$22,563$33,516

Note: Mandatory fees are in addition to tuition. Fees in 2015-2016 are $1,507. For more information about tuition and fees, visit http://bursar.unm.edu.