What's Inside an Average Financial Aid Offer at New Mexico Tech
$12,238 is the standard New Mexico Institute of Mining and Technology's freshman financial aid plan. Around 93.0% of freshman students obtain some type of financial assistance, the majority of which is in the form of scholarships and grants.
Financial aid consists of scholarships, grants, and student loans. However, loans need to be paid off, so they are not a genuine discount.
Concerned about the loans that might be included in a financial aid plan? See the average amount of debt per student at New Mexico Tech.
How Much New Mexico Tech Aid Will I Get That I Don't Have to Pay Back?
The stats plus the chart below refer to predominantly federal grants, as well as some local and state grants. 29.0% of first year students at New Mexico Institute of Mining and Technology (88 total) obtained a federal grant, averaging $4,976. As well as grants, 74.0% of first year students (224 total) received scholarships by the school, averaging $3,346 per person.
How are grants and scholarships dispersed to first years at New Mexico Tech? Look at the data below.
Scholarships are awarded due to merit or special ability, while grants are given due to financial need.
Financial Aid by Income Level
Discover what amount of grant and scholarship assistance you can expect to receive according to your earnings. The chart below displays freshman students receiving Title IV aid such as PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||20.3%||$5,180|
Education funding from the federal government through grants, loans, or work-study is referred to as Title IV aid. Get more info on Title IV here..
$7,126 is the Common Total an Undergrad Will Get in Scholarships or Grants
1,151 New Mexico Tech students get grant aid (this is around 73.0% of the overall student body). The usual amount these students get is $7,126
New Mexico Institute of Mining and Technology Financial Aid Links
|Financial Aid Department Website||www.nmt.edu/financial-aid|
|Net Price Calculator||www.nmt.edu/news-archive/535-2016/5687-financial-aid-net-price-calculator|