CARES Act Funding for Students in Need

Through the federal CARES Act, CNM is able to offer financial assistance to students in need.

CNM is very grateful to have the opportunity to deliver extra financial support to qualifying students during this very difficult pandemic. The federal government recently passed the CARES Act, which allocates emergency relief funding for eligible college students across the country to address pressing needs of students due to the disruption of campus operations.

If you are a CNM student eligible for financial aid and if CNM's modified operations due to COVID-19 pandemic has negatively impacted your personal financial situation, you can apply to receive a lump sum of money, up to $1000 each term from CNM for qualified expenses. Although the money is funded by the federal government, individual colleges are managing the application and approval process, and the distribution of funds. The funding is limited and will be awarded based on the level of student need.

For Students in Need

Eligibility Requirements for Fall Term

You are eligible to receive funds if you meet the following requirements:

  • Have a completed FAFSA for 2020-2021  
  • Have a declared major that is eligible for financial aid 
  • Be enrolled in Fall 2020 for at least 1 credit hour 
  • Making Satisfactory Academic Progress during Fall 2020 
  • Be a citizen or eligible non-citizen 

Ineligible Students

You are not eligible to receive funds if you are one of the following:

  • Enrolled in a completely online program including CNM Online and CNM Flex
  • Dual credit, international student, underage student, DACA student, and visitor student
  • Consortium agreement student where CNM is not the home school
  • Currently in default of a federal student loan

About the Fund 

  • Award amounts will vary based on need for the funds. The maximum amount a student can receive for Fall 2020 is $1000.  
  • The award is a one-time payout per term.
  • Disbursements are on Tuesdays.
  • CARES Act funds will be paid to eligible applicants until funds are exhausted.
  • The award is not a loan and does not have to be paid back.
  • Check your CNM email for information to find out if you were approved.  

To have the best opportunity to receive this funding, please apply soon.

Apply for CARES Act Funding

Receiving the Award

Funds will be awarded through direct deposit or a check mailed to the student applicant only. Please note that CNM may not be able to fund each request fully. The awarding of funds is contingent on the receipt of funds from the CARES Act.

Direct Deposit

Direct deposit of funds is safer and faster. Typically, students receive funds 2 to 3 days sooner than when checks are sent by mail.  If you need to set up direct deposit, check out this link for directions about how to set it up.

Setting Up Direct Deposit

Update Your Mailing Address

If you are unable to take advantage of direct deposit, please check your address to make sure that we have your current address.

  • Go to MyCNM
  • Click on the Students tab 
  • Click on Update Address and Phone link to update

CNM wishes you and your loved ones good health as we all work together to get through this pandemic. Please stay safe.