by our College Data Analytics TeamThis guide covers the real cost of attending New Mexico Institute of Mining and Technology, spanning what it costs to attend, projected costs over a degree, net price, debt outcomes, and aid equity.
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The total cost of attendance at New Mexico Institute of Mining and Technology came in between $22,872.00 through $40,643.00 across residency tiers.
In-state students paid the lower published figure, while out-of-state students faced the higher one: about $22,872.00 in-state versus $40,643.00 for out-of-state students.
The blocks below show what you would pay with no aid, with average aid, and as a low-income student.
| Tuition and fees | $9,476.00 |
| + Room, board & other expenses | $13,396.00 |
| Total cost | $22,872.00 |
| That is 19% above the national average net price. |
| Total cost | $22,872.00 |
| − Grants and scholarships | −$15,094.00 |
| Net price | $7,778.00 |
| That is 60% below the national average net price. |
| Total cost | $22,872.00 |
| − Grants and scholarships | −$19,831.00 |
| Net price | $3,041.00 |
| That is 84% below the national average net price. |
| Tuition and fees | $27,247.00 |
| + Room, board & other expenses | $13,396.00 |
| Total cost | $40,643.00 |
| That is 111% above the national average net price. |
| Total cost | $40,643.00 |
| − Grants and scholarships | −$15,094.00 |
| Net price | $25,549.00 |
| That is 33% above the national average net price. |
| Total cost | $40,643.00 |
| − Grants and scholarships | −$19,831.00 |
| Net price | $20,812.00 |
| That is 8% above the national average net price. | |
| Explore each piece on the tuition & fees page and room and board. |
The reported cost series has been increasing by roughly 4.0% a year, so a full degree will cost more than a single year — the tables below carry that forward. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. The loan rows amortise the projected total over a ten-year, 6.8% repayment.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $3,163.00 | $8,090.00 | $23,790.00 |
| Senior year | $3,559.00 | $9,104.00 | $26,770.00 |
| Total 4-year net price | $13,434.00 | $34,361.00 | $101,042.00 |
| 10-year loan interest @ 6.8% | $5,118.00 | $13,090.00 | $38,493.00 |
| Total monthly payment | $155.00 | $395.00 | $1,163.00 |
| Total amount paid | $18,552.00 | $47,451.00 | $139,535.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $3,163.00 | $8,090.00 | $23,790.00 |
| Senior year | $3,290.00 | $8,415.00 | $24,744.00 |
| Total 2-year net price | $6,453.00 | $16,505.00 | $48,534.00 |
| 10-year loan interest @ 6.8% | $2,458.00 | $6,288.00 | $18,490.00 |
| Total monthly payment | $74.00 | $190.00 | $559.00 |
| Total amount paid | $8,911.00 | $22,793.00 | $67,024.00 |
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $21,647.00 | $26,574.00 | $42,274.00 |
| Senior year | $24,359.00 | $29,904.00 | $47,570.00 |
| Total 4-year net price | $91,942.00 | $112,868.00 | $179,549.00 |
| 10-year loan interest @ 6.8% | $35,026.00 | $42,999.00 | $68,402.00 |
| Total monthly payment | $1,058.00 | $1,299.00 | $2,066.00 |
| Total amount paid | $126,968.00 | $155,867.00 | $247,951.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 4.0% | 4.0% | 4.0% |
| Freshman year | $21,647.00 | $26,574.00 | $42,274.00 |
| Senior year | $22,516.00 | $27,641.00 | $43,970.00 |
| Total 2-year net price | $44,163.00 | $54,215.00 | $86,244.00 |
| 10-year loan interest @ 6.8% | $16,825.00 | $20,654.00 | $32,856.00 |
| Total monthly payment | $508.00 | $624.00 | $993.00 |
| Total amount paid | $60,988.00 | $74,869.00 | $119,100.00 |
Read more in the Net Price section.
Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most prospective students, net price gives a more realistic estimate than sticker tuition.
| Average net price (on-campus) | $9,873.00 |
| Average net price (off-campus) | $8,265.00 |
What families actually pay shifts with income, since need-based grants are larger for lower-income students. The table below shows the average net price by family-income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $3,970.00 |
| $30,000 to $48,000 | $5,067.00 |
| $48,001 to $75,000 | $8,676.00 |
| $75,001 to $110,000 | $11,907.00 |
| Over $110,000 | $12,207.00 |
Use New Mexico Institute of Mining and Technology Net Price Calculator, or contact the financial aid office.
Want to know how that aid is awarded? See the grants & scholarships detail.
The median amount borrowed by graduates of New Mexico Institute of Mining and Technology comes to $11,057.00, landing it in the Low ($10-20k) burden category.
The percentile spread of debt at graduation is shown below:
| Percentile | Debt at graduation |
|---|---|
| 10th | $2,750.00 |
| 25th | $5,500.00 |
| Median (50th) | $11,057.00 |
| 75th | $23,504.00 |
| 90th | $31,346.00 |
The spread between the 10th and 90th percentiles reflects how variable debt outcomes are at this school.
Explore borrowing, repayment, and default in detail on the student loan debt detail.
Debt at graduation is far from uniform across income levels. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $14,000.00 |
| Middle income | $10,473.00 |
| High income | $10,000.00 |
Low-income graduates carry $4,000.00 in additional median debt versus high-income graduates.
Debt at graduation often differs for first-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $11,006.00 |
| Continuing-generation students | $11,093.00 |
Pell Grant eligibility is a useful proxy for low-income status among undergraduates. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.
The Pell-versus-non-Pell median debt difference at New Mexico Institute of Mining and Technology amounts to $5,400.00. This school is flagged by the Department of Education for Pell-related debt inequity.
The federal default-rate classification for New Mexico Institute of Mining and Technology is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 4.3% |
For a sense of scale, Stafford disbursements at New Mexico Institute of Mining and Technology add up to $42,640,196.00 covering 2,851 recipients.
Veterans and active-duty service members may qualify for substantial federal education benefits like the Post-9/11 GI Bill and DoD tuition assistance.
| GI Bill recipients | 8 |
| Avg GI Bill amount | $4,951.00 |
| DoD Tuition Assistance recipients | 2 |
| Avg DoD Tuition Assistance | $910.00 |
Read more about military and veteran aid on the veterans benefits detail.
The data above is a foundation; round it out by asking yourself about New Mexico Institute of Mining and Technology, consider the following:
Dig further into the cost picture with the related pages below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.