N.M. Code R. § 5.7.11.7 – Definitions

A. "Academic year" means a period of time during which a full-time student is expected to complete the equivalent of two semesters.
B. "Act" means the New Mexico Student Choice Act.
C. “Department” means the higher education department.
D. "Cost of education" means the cost of attending an institution, as defined by the institution and approved by the state agency.
E “Expected family contribution” is defined and calculated according to a formula established by federal law.
F. "Full-time student" means a student carrying twelve semester credit hours or more in a semester.
G. "Institution" means a financially independent non-profit nonsectarian four-year college or university whose New Mexico campus is accredited by the north central accreditation association.
H. "Part-time student" means a student carrying less than twelve semester credit hours, but at least six semester credit hours in a semester.
I. "Student choice grant" means a grant awarded to a student by the department pursuant to the provisions of the Student Choice Act.
J. "Substantial financial need" is defined as the relative need, as measured by cost of attendance minus available resources.
K. "Undergraduate student" means a student who:
(1) is in attendance at an institution of higher education;
(2) has not earned his or her first baccalaureate degree.
[7/15/98; 5.7.11.7 NMAC - Rn & A, 5 NMAC 7.11.7, 8/30/2007]