by our College Data Analytics TeamIs New Mexico Tech worth the money? College Factual’s value analysis weighs the quality of education against the cost. Here is the verdict.
New Mexico Tech is ranked #231 out of 3,211 schools for value nationwide, earning a value grade of D-. Within New Mexico, it ranks #16 of 33 for value.
Among the majors New Mexico Tech offers, these rank best for value nationally.
| Major | National Value Rank |
|---|---|
| Electrical Engineering | #11 of 290 |
| Engineering | #11 of 290 |
| Computer Science / Programming | #14 of 465 |
| General Mechanical Engineering | #17 of 348 |
| Mechanical Engineering | #17 of 348 |
| Bachelor's Degree | #23 of 481 |
| Information Systems | #36 of 927 |
Below is the detailed New Mexico Tech value breakdown: state and national value rankings, the real cost of a degree, and how the price stacks up against the aid most students receive.
New Mexico Institute of Mining and Technology is ranked #1 out of #32 in New Mexico for quality and #16 out of #33 for New Mexico value.
Live in-state? You may qualify for a reduced price. Check the New Mexico Tech financial aid page to be sure.
New Mexico Institute of Mining and Technology is ranked #231 out of 3,211 for value nationwide.
Based on our analysis of other colleges at similar price points, New Mexico Institute of Mining and Technology is overpriced for the quality of education it provides.
Averaged across all students — those who receive aid and those who pay full price — a year at New Mexico Tech costs about $11,390. Over a standard four-year bachelor's program, that adds up to an estimated $45,558 for the degree.
| Amount | |
|---|---|
| Sticker Price (before aid) | $25,038 / year |
| Net Price (students receiving aid) | $9,873 / year |
| Average Cost (all students) | $11,390 / year |
| Estimated 4-Year Cost | $45,558 |
*The average cost weights the net price paid by aid recipients against the sticker price paid by everyone else. The 4-year figure assumes the standard bachelor's length; your actual time to graduate and price may differ.
Your price depends heavily on your family income and the aid you qualify for. See the New Mexico Tech net price page for a fuller breakdown of what you might actually pay.
The price you actually pay depends on your circumstances — most students do not pay the full sticker price.
Here is how the estimated 4-year cost of a New Mexico Tech degree breaks down by aid group, against its national value ranking.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with No Aid | $100,152 | — | — |
| All Students | $45,558 | #231 | D- |
| Only Students Receiving Aid | $39,492 | — | — |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with No Aid | $100,152 | — | — |
| All Students | $45,558 | #16 | D |
| Only Students Receiving Aid | $39,492 | — | — |
*College Factual publishes a single overall value ranking (the All Students row). The cost rows show what each aid group pays toward the same degree.
You can also see how the average net price at New Mexico Tech shifts with family income:
| Family Income | Avg Net Price / Year |
|---|---|
| $0–$30K | $3,970 |
| $30K–$48K | $5,067 |
| $48K–$75K | $8,676 |
| $75K–$110K | $11,907 |
| Over $110K | $12,207 |
About 90% of New Mexico Tech undergraduates receive grant or scholarship aid, averaging $13,190 per year. Get more details on the New Mexico Tech financial aid you may qualify for.
College Factual determines value by weighing a school’s average total cost against its educational quality, then comparing it to other schools in the same quality tier. See the New Mexico Tech net price page for the cost detail.
Read the full Best for the Money Ranking Methodology.