Brown Mackie College — Albuquerque
financial aid is available to those who qualify. We’re here to help you understand
what you need to know to fund your education. If you want to speak with someone
in person, please contact a Student Financial Services advisor at
The following links will help you find the information you need to finance
Financial Aid Changes
Every year, many of the federal aid policies, practices, and awards are up for review and
approval by the federal government. The government also maintains the right to modify all
federal aid policies at any time during the year should there be budgetary or regulation
issues that need to be addressed immediately. Starting with the new financial aid award
year for 2014-2015 that begins officially on July 1st, 2014, the attached document
highlights the pending changes in financial aid awarding and policy. The Financial Aid Office will be
able to answer any specific questions regarding how these changes might or might not affect
you and your financial aid award for the coming school year. Please refer to Federal aid website for additional information
Types of Financial Aid
Financial aid information is published online and available in print upon request. Visit our
Financial Aid guide for more information.
Notice of Federal Student Financial Aid Penalties for Drug Law Violations
For information about eligibility requirements for federal student aid programs,
please click here for school specific information.
will provide further helpful information from the Department of Education.
Private Education Loans and Disclosures Overview
Private alternative education loans are offered by private lending institutions
and are not subsidized by a government agency. Alternative education loans are not
to be used as a substitution for federal Direct loans. They are intended
to provide additional funding for your education after all federal loans are sought.
Find out more about these loans here.
Application for all alternative loan programs can be done on-line directly with
the lender of your choice. Should you choose a paper Self Certification Form
to begin your application, please click here. The Financial Aid Office can help with any questions
you might have, including information on the Cost of Attendance and what loan amount
you might need when filling this form out.
Private Lender Lists, Entrance and Exit Interviews
A list of private lenders for our location can be found here. The lender list is only valid for students starting classes before February 2nd, 2015. Students who borrow from an alternative lender will need to complete an entrance interview and an exit interview for each alternative lender used.
Student Lending Code of Conduct for Education Loans
To download a PDF of our student lending code of conduct for education loans, please click here.
We are proud to present our new Financial Literacy resource,
iGrad! We strongly encourage our students
to utilize iGrad's full library of resources including their updated short video presentations, relevant current
articles on a wide array of financial topics, calculators, games, a job search function, and the ability to create
a customized profile of personally relevant information to best suit their personal needs. All of these resources
will provide valuable tips and lessons for understanding financial aid and for managing all of their finances wisely.
Some of the topics covered include financial aid processes and awards, paying for college; time management; credit management;
preparing for life after college; and personal finance tips for undergraduate, graduate and professional students. These
resources can be referenced at any time and will be updated as new information and resources become available.
Loan Repayment Estimator
Please visit the Federal Student Aid website here,
for access to the valuable loan Repayment Estimator to get an idea of what your monthly loan payment might look like, depending on the repayment plan you choose.
When it comes time to repay your loans, we suggest a plan that allows you to pay off your loans the fastest. Remember, the longer you take to pay off your loans,
the smaller your monthly payment, but the more you will pay back in total dollars. Not all loans are eligible for all repayment plans. Private loan repayment plans
are at the discretion of the lender. Please contact your Student Finance Counselor if you have any questions.
Federal Direct Loan Repayment Plans
Depending on your overall federal loan amount that
you need to repay along with your current financial situation, there may be different repayment options available
to you. This federal resource
will provide all of the information you need to be better informed of your repayment options for your federal loans.
Options may include, Standard, Extended, Income Contingent and Income Based repayment plans, depending on your situation.
Not all plans are available to all students. While we typically suggest choosing a plan that repays your loan the fastest,
generally the Standard plan, the Income Based and Income Contingent plans might be best for you right now. If you have
further questions, please contact a Student Finance Counselor at the school for assistance. Please know that the federal
government has the right to change the terms of each plan at any time, including eliminating and adding plans. Students
also have the right to change plans, per federal regulations, as needed.
Entrance (Initial) Counseling for Student Loan Borrowers
Before receiving a student loan, first time borrowers must complete an entrance
counseling session. This quick and easy interactive counseling session provides
useful tips and tools to help you develop a budget for managing your educational
expenses and helps you to understand your loan responsibilities. This entrance counseling
session can be found on the Federal Student Aid website.
Exit Counseling for Student Loan Borrowers
Direct loan exit counseling will explain your rights and responsibilities as a direct
Exit counseling information is also located on the Federal Student Aid website. You will need to have your
Social Security number and your PIN number ready in order to log into this portion
of the site.
Financial Aid Cost of Attendance
The financial aid office uses an estimate of direct and indirect costs
to determine how much financial aid a student may be eligible for. Direct costs
include tuition, fees, some books and supplies and institutional housing. Indirect
costs include estimates of other living expenses, transportation and personal expenses. Examples
of the cost of attendance estimates used can be found by clicking here.
National Student Loan Data System (NSLDS)
When a borrower receives a
Federal loan or a Pell grant, the information must be submitted to the National Student Loan Data System (NSLDS).
Information in NSLDS is accessible to schools, lenders, and guarantors that are authorized users of the data system. Students
are also able to log in and access all of their federal loan and Pell grant information.
Students will need to have their federal PIN number in order to access their information.
State Grant Assistance
Students attending this school are not eligible for state education grants at this time.
Student Loan Information Published by Department of Education
Additional information about financial aid, including your specific loan information,
can be found by visiting the Department of Education Financial Awareness Counseling along with the Federal Student Aid page.
U.S. Military Education Benefits
We are committed to helping you—our military service members, veterans and your families—understand the financial investment you are
making by pursuing a postsecondary education, along with helping you to understand and uncover the financial aid options for which you may be eligible.
Our Military Brochure provides a summary of the most common military education benefits, including links to the
federal sites for more detailed information.
In addition, the brochure describes the Financial Aid Shopping Sheet (Shopping Sheet) that will be provided to you to assist you as you make the important decision to continue your education.
A personalized Shopping Sheet will be created for you in accordance with the Principles of Excellence as outlined in Executive Order 13607. For illustrative purposes, please review the
Shopping Sheet template prescribed by the Department of Education to participating schools; your Shopping
Sheet will follow this format.
Brown Mackie College offers qualifying military students numerous military education benefits that can help you acquire the knowledge and skills you need to put your passion to work in
business, legal, health sciences, information technology and creative fields The Military Student Loan Benefits document provides you
with an overview of the special benefits and repayment options for your student loans available from the U.S. Department of Education and the U.S. Department of Defense. For additional
information about military education and housing benefits, explore our Education and Housing Benefits
If you served on Active Duty, you might be eligible for education benefits offered by the Department of Veterans Affairs. For example, the Post-9/11 GI Bill provides financial support for
educational and housing expenses to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days.
You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill®.
If you are currently serving in the military, you may be eligible for funding offered through the Department of Defense Tuition Assistance program. Check your eligibility status and the amount
for which you qualify with your Service prior to enrolling.
If you are the spouse or child of a service member who is serving on active duty Title 10 orders in the pay grades of E1-E5, O1-O2, or W1-W2, you may be eligible for financial assistance from
the Department of Defense for education, training, and/or the occupational license and credentials necessary for a portable career.
If you are the spouse or child of a service member, you may be eligible for transfer of the service member's Post-9/11 GI Bill® benefits to you. For more information on these benefits, visit
To learn more about educational benefits for military personnel and veterans, please begin with our military pages
The Financial Aid Shopping Sheet Web Page
The Shopping Sheet is a model aid award letter designed to simplify the
information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed
decisions about where to attend school. Further information on the Shopping Sheet can be accessed
The College Scorecard Web Site
A planning tool and resource to assist prospective students and their families as they
evaluate options in selecting a school and is located at here.
The College Navigator Web Site
A consumer tool that provides school information to include tuition and fees, retention and
graduation rates, use of financial aid, student loan default rates and features a cost calculator and school comparison tool. The College
Navigator is located here.
The Paying for College Web page
Which can be used by prospective students to enter the names of up to three schools and
receive detailed financial information on each one and to enter actual financial aid award information. The tool can be accessed
If you have tried to resolve a dispute you have about your Federal Student Aid and you have not been able to do so, you may need to contact the Federal Student Aid
Ombudsman Group of the U. S. Department of Education.
By Phone: 877-557-2575
By FAX: 202-275-0549
By U.S. Postal Mail: U. S. Department of Education FSA Ombudsman Group 830
First Street, N. E. Fourth Floor Washington, D.C. 20202-5144
Net Price Calculator (NPC)
Please visit our Net Price Calculator to get an early approximation
of your potential costs to attend Brown Mackie College. All financial results are only an approximation based on the information you will supply and cannot
be considered an actual award. To be considered for federal or state (if applicable) financial aid, you must complete the
Free Application for Federal Student Aid (FAFSA). The calculator is not intended for transfer, readmitted,
international, graduate or continuing students.