College Factual  by our College Data Analytics Team
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Is New Mexico Tech a Good School for the Money?

Average National Value
Unknown In-State Value
$122,753 Avg Total Cost

New Mexico Institute of Mining and Technology Value Report

College Factual's Best for the Money Rankings compare the quality of a New Mexico Tech degree with its cost to determine if the school is asking a fair price. Read the New Mexico Tech annual value report below.

Fair Value Nationwide

Average National Value
Top 50% National Quality
Fair Price

New Mexico Institute of Mining and Technology is ranked #1,183 out of 2,223 for value nationwide.

Compared to other schools of similar quality, New Mexico Institute of Mining and Technology is priced appropriately for the kind of quality provided and is thus a fair value according to College Factual's Best for the Money Ranking.

National Value Ranking  1183 out of 2223
Overpriced
Great Value
National Value Score  47.21 out of 100
Overpriced
Great Value

Prices of Institutions with Similar Quality Scores

SchoolTotal PriceValue Grade

*Total price is determined by multiplying average annual cost by time to graduate.

We're Looking at a Total Cost of $122,753 for a New Mexico Tech Degree

The average New Mexico Tech student's degree will cost an estimated $122,753. This is based on an average price (with and without aid) of $26,802 and a typical 4.58 years to graduate.

Amount
Average Yearly Cost$26,802
Average Years to Graduate4.58
Estimated Avg Total Cost of Degree$122,753

Many Factors Affect Net Price

There are many ways you can lower the cost of a college education. Consider taking advantage of in-state tuition, or shortening the length of your degree by taking summer classes. Learn more about New Mexico Tech cost for other factors that may affect net price such as the financial aid you qualify for that is largely based on your family's income.

Does This School Make Financial Sense To You?

$62,732 In-State With Aid
$148,122 Avg Cost No Aid
4.58 Years to Graduate

Net price can vary based on your unique situation.

Look at the table below to get a sense of how New Mexico Tech value for your educational dollar might vary.

Nationwide Value by Aid GroupAvg Degree CostValue RankValue Grade
Students with no Aid$148,122#0F
All Students$122,753#1,183C
Only Students Receiving Aid$114,294#1,118C
In-State Value by Aid GroupAvg Degree CostValue RankValue Grade
Students with no Aid$96,560#F
All Students$71,192#F
Only Students Receiving Aid$62,732#F

Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of New Mexico.

About 98% of New Mexico Tech students receive financial aid. Get more details on what New Mexico Tech financial aid you may qualify for.

How to Finance The Gap

How to Calculate Value

College Factual calculates value by calculating average New Mexico Tech cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.

Read the full Best for the Money Ranking Methodology.

References

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