N.M. Code R. § 5.7.10.7 – Definitions

A. "Academic year" means a period of time during which a full-time student is expected to complete the equivalent of one of the following:
(1) two semesters;
(2) two trimesters; or
(3) three quarters of instruction;
B. "Act" means the Work Study Act;
C. "Commission" means the New Mexico commission on higher education;
D. "Cost of education" means the cost of attending an institution as defined by the institution and approved by the commission;
E. "Dependent student" is a student who does not qualify as self-supporting or independent student;
F. "Eligible institution" means any state post-secondary educational institution and any private nonprofit post-secondary educational institution within New Mexico;
G. "Expected family contribution of a dependent student" means the sum of the amounts which reasonably may be expected from the student and his or her spouse to meet the student's cost of education and the amount which reasonably may be expected to be provided by his or her parents for such purpose;
H. "Expected family contribution of an independent or self-supporting student" means the amount which reasonably may be expected from the student and his or her spouse to meet the student's cost of education;
I. "Fund" means the New Mexico work study fund;
J. "Half-time student" means a student carrying a [sic] at least six semester hours during regular session and three semester hours during summer session as work-load, other than by correspondence, as measured by both of the following:
(1) coursework or other required activities, as determined by the institution that the student attends or by the state;
(2) the tuition and fees normally charged for half-time study by that institution;
K. "Monetary need" is established when a student's expected family contribution as determined by the federal methodology is less than the cost of attendance determined by the institution.
[7/15/98; Recompiled 10/31/01]