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Each cadet is assigned two financial
accounts as follows:
Tuition and Fees Account^top^
Tuition, fixed fees, room, board, and laundry
(limited to a specific number of items each trip) are charged each semester.
A yearly charge is made in the first semester for cadet accident insurance. The
accident insurance policy is
mandatory for all students. In addition, proof of medical insurance
is required for all cadets. If such proof is
not received by August 31st, for fall admittances and January 31st for the
spring admittances, the cadet's account will be charged for the yearly NMMI Cadet Sickness Insurance
in addition to the mandatory Accident Insurance. Both policies are
low-cost plans which are not intended to cover all costs.
Cadet Account^top^
The Cadet Account is intended to be used to meet
day-to-day expenses (personal hygiene items and school supplies) and uniform
costs. The following are authorized on-campus uses:
- Uniform Purchases
- Books and supplies
- Lab fees
- Barracks breakage
- Personal items purchased at the Cadet Store
- Military property shortage
- Diploma
- Dry cleaning
- Excess laundry charges
- Infirmary prescription charges
- Library losses and fines
- State textbook losses
Please note that these items may be charged only if the Cadet Account balance is
adequate. For those students depending on Financial Aid and/or
Scholarships for funding, a limit will be established for spending based on each
student's individual award letter. Charges above the limit will not be
allowed.
A monthly statement itemizing all purchases will be forwarded to
the parent (copy to cadet) before the tenth of the following month.
A minimum balance of $50 is required in the Cadet Account at all times. You may
maintain as large a balance as you desire. Parents who desire may request
their cadet to be placed on a "Necessities Only" program. This
limits purchases by the cadet to items that are necessary for personal hygiene,
school supplies and uniform items. Cash withdrawals from the cadet
account are not permitted.
Those uses of the Cadet Account, which are not allowed, are listed below with a
recommended means of payment:
| Cash
Withdrawal - |
personal checks will be cashed in
the Cadet Store |
| Student
Activity Fee - |
personal check or cash accepted |
| Travel Expenses - |
must be arranged by parent and
student |
| Dances - |
personal check or cash |
| Doctor/Dentist Charges
- |
must be arranged by parent and
student |
| ACT/SAT
Course Fee - |
personal check or cash |
| Golf
Course Charges- |
personal check or cash |
| Photographs - |
personal check or cash |
| Long Distance Telephone - |
place all calls
"collect" or use "calling cards", unless utilizing
personal phone |
| Driver's
Training - |
personal check at course
registration |
It will be left to the parent and student to
determine a suitable method to meet these expenses. Alternatives include local
bank accounts, maintaining hometown bank accounts, automatic teller machines (a
Bank of America ATM is located at Hinkle Hall), mailing check directly to
cadets, etc.
Money orders may be purchased from the Cashier in the Business Office for a
nominal fee.
Payment Plans^top^
There are two plans for
paying tuition and fees. The cadet account may not be deferred.
- Cash Plan - You pay total tuition and fee
charges prior to or at matriculation. This includes all the
Tuition and Fees cost plus an amount necessary for the purchase of
uniforms and school supplies.
- Deferred Payment Plan - A fee is charged
for this service. Under this plan, a deposit is required for
Tuition and Fees as well as the amount needed for uniforms and
school supplies. This initial payment is followed by a monthly
payment.
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| Checks
and money orders should be made payable to NMMI. Please write the
cadet's name and cadet number in a legible manner on the face of all
checks. |
Credit Cards^top^
The Business Office, Cadet Store, and Golf Pro Shop will accept VISA/MasterCard, Discover and American Express cards.
Credit cards are accepted for total or partial payment of Tuition and
Fees or Cadet Account payments. The Cadet Store and Golf Pro Shop will
accept credit cards for purchases. Cash advances are not available.
Wire Transfers^top^
Wire transfers may be sent to:
| Wire Routing Transit Number: |
121000248 |
| Bank Name: |
Wells Fargo Bank, N.A. |
| Bank Address: |
420 Montgomery Street |
| City, State, ZIP: |
San Francisco, CA 94104 |
| Beneficiary Account Number: |
1200003255 |
| Beneficiary Account Name: |
NMMI |
Financial Responsibility^top^
At the end of any semester, any student whose accounts have not been paid in full will not
be eligible to re-enroll for a subsequent semester. New Mexico Military
Institute reserves the right to cancel the registration of any student who fails
to pay, when due, an indebtedness. Credits, transcripts, and diplomas will
be withheld until all financial obligations are met.
Scholarship Policy^top^
The application for admission includes information for all scholarship
consideration, except the Legislative Scholarship. Information on applying
for the Legislative Scholarship can be found by clicking
here.
Institutional scholarships will be credited to the recipients Tuition and Fees
Account on the Friday of the third week of classes. Cadets who have withdrawn
from NMMI for any reason prior to the Friday of the third week of classes will
not receive scholarship funds. If a student withdraws from school for any
reason during the first semester he/she is not entitled to the scholarship if
he/she is re-enrolled during the same academic year.
ROTC scholarships are administered under policies provided by the US Army and
will be credited to recipients accounts upon receipt.
Refund Policy^top^
Should a cadet withdraw or be dismissed, the semester tuition and fee charges (other than matriculation and fees imposed as a
penalty) will be refunded as follows:
| First five class days |
100% |
| Next five class days |
75% |
| Next ten class days |
50% |
| Next ten class days |
25% |
There will be no refund for the semester room charge
after the first day of classes. Semester board and laundry charges will be
pro-rated on a weekly basis. The insurance fee is non-refundable. No
refund will be made for uniform items which have been altered, laundry marked or
worn. Balances remaining in the Cadet Account will be refunded in full
provided a balance is not due for Tuition and Fees.
If a cadet who is a member of the National Guard or Reserve be called to active
duty during the semester, the following refund policy shall apply:
Semester Tuition and Fee charges will be refunded. Room, board and laundry
charges will be pro-rated on a weekly basis. The insurance fee is
non-refundable. No refund will be made for uniform items which have been
altered, laundry marked or worn. Balances remaining in the Cadet Account
will be refunded in full provided a balance is not due for Tuition and Fees.
Institutional scholarships will be credited to the recipients tuition account
on Friday of the third week of classes unless the cadet has withdrawn or
initiated the withdrawal process by obtaining a withdrawal form. Purposeful
delay of the withdrawal will be considered grounds for denial of scholarships. ROTC scholarships are administered separately under policies
provided by the United States Army and will be credited to applicable
recipients' accounts upon receipt.
If a balance is due to NMMI, transcripts and official records will be held
until the indebtedness is paid. If transcripts are needed immediately or prior
to finalization of the account, please call the NMMI Business Office Accountant
at (575) 624-8086 for a preliminary estimate to be paid prior to release of
transcripts or any other official records.
Four (4) to six (6) weeks should be allowed to process a withdrawn cadet's
account.
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