LOAN INFORMATION - roswell enmu 2025

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Subsidized loans dont generally start accruing (accumulating) interest until you leave school (or drop below half-time enrollment), so accept a subsidized loan before an unsubsidized loan.
You must start paying back your loan after you graduate, leave school, or drop below half-time enrollment. Repayment starts after your six-month grace period has ended.
Other Financial Assistance (Resources) To report additional resources please email the Office of Financial Aid at financial.aid@enmu.edu or call 575.562. 2194 or 800.367. 3668.
unsubsidized loans add interest over the years that YOU have to pay for in the long run. subsidized loans add interest that the government pays for and you dont have to owe the interest back. basically, subsidized is much better.
Subsidized loans: Federal subsidized loans are based on financial need (as determined by the FAFSA). In effect, the government will pay the interest for you while youre in school (if youre enrolled at least part-time), during your grace period, and if you need a loan deferment.

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Subsidized Loans are loans for undergraduate students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods.
Obtain a FAFSA worksheet from your counselors office, or apply for the FAFSA online. ENMUs FAFSA code is 002651.

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