by our College Data Analytics TeamHere’s the full picture on paying for New Mexico Military Institute, covering the cost range, projected degree costs, net price, debt at graduation, default rates, and aid distribution patterns.
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Published attendance costs at New Mexico Military Institute came in between $18,891.00 to $25,857.00 depending on residency and living arrangement.
In-state students paid the lower published figure, while out-of-state students faced the higher one: around $18,891.00 in-state versus $25,857.00 for non-residents.
The blocks below show what you would pay with no aid, with average aid, and as a low-income student.
| Tuition and fees | $7,190.00 |
| + Room, board & other expenses | $11,701.00 |
| Total cost | $18,891.00 |
| That is 2% below the national average net price. |
| Total cost | $18,891.00 |
| − Grants and scholarships | −$14,550.00 |
| Net price | $4,341.00 |
| That is 77% below the national average net price. |
| Total cost | $18,891.00 |
| − Grants and scholarships | −$16,349.00 |
| Net price | $2,542.00 |
| That is 87% below the national average net price. |
| Tuition and fees | $14,156.00 |
| + Room, board & other expenses | $11,701.00 |
| Total cost | $25,857.00 |
| That is 34% above the national average net price. |
| Total cost | $25,857.00 |
| − Grants and scholarships | −$14,550.00 |
| Net price | $11,307.00 |
| That is 41% below the national average net price. |
| Total cost | $25,857.00 |
| − Grants and scholarships | −$16,349.00 |
| Net price | $9,508.00 |
| That is 51% below the national average net price. | |
| Want the line-by-line detail? Dig into tuition and fees plus room and board. |
Costs have trended upward in recent years at about 0.3% a year, so a full degree will cost more than a single year — the tables below carry that forward. These tables carry the cost across a degree for three cases: low-income w/ aid, average aid, and no aid. 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 | 0.3% | 0.3% | 0.3% |
| Freshman year | $2,550.00 | $4,355.00 | $18,953.00 |
| Senior year | $2,576.00 | $4,399.00 | $19,142.00 |
| Total 4-year net price | $10,252.00 | $17,508.00 | $76,190.00 |
| 10-year loan interest @ 6.8% | $3,906.00 | $6,670.00 | $29,025.00 |
| Total monthly payment | $118.00 | $201.00 | $877.00 |
| Total amount paid | $14,158.00 | $24,178.00 | $105,215.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0.3% | 0.3% | 0.3% |
| Freshman year | $2,550.00 | $4,355.00 | $18,953.00 |
| Senior year | $2,559.00 | $4,370.00 | $19,016.00 |
| Total 2-year net price | $5,109.00 | $8,725.00 | $37,969.00 |
| 10-year loan interest @ 6.8% | $1,946.00 | $3,324.00 | $14,465.00 |
| Total monthly payment | $59.00 | $100.00 | $437.00 |
| Total amount paid | $7,056.00 | $12,049.00 | $52,434.00 |
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0.3% | 0.3% | 0.3% |
| Freshman year | $9,539.00 | $11,344.00 | $25,942.00 |
| Senior year | $9,634.00 | $11,457.00 | $26,200.00 |
| Total 4-year net price | $38,347.00 | $45,602.00 | $104,284.00 |
| 10-year loan interest @ 6.8% | $14,609.00 | $17,373.00 | $39,729.00 |
| Total monthly payment | $441.00 | $525.00 | $1,200.00 |
| Total amount paid | $52,956.00 | $62,975.00 | $144,013.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 0.3% | 0.3% | 0.3% |
| Freshman year | $9,539.00 | $11,344.00 | $25,942.00 |
| Senior year | $9,571.00 | $11,382.00 | $26,028.00 |
| Total 2-year net price | $19,110.00 | $22,726.00 | $51,970.00 |
| 10-year loan interest @ 6.8% | $7,280.00 | $8,658.00 | $19,799.00 |
| Total monthly payment | $220.00 | $262.00 | $598.00 |
| Total amount paid | $26,391.00 | $31,384.00 | $71,769.00 |
Jump to the net-price detail in the net price section below.
Net price strips out grant and scholarship aid to show what families really pay. It is usually a better planning number than the sticker cost above.
| Average net price (on-campus) | $4,571.00 |
| Average net price (off-campus) | $4,686.00 |
What families actually pay shifts with income, since need-based grants are larger for lower-income students. The figures below give average net price by income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $2,748.00 |
| $30,000 to $48,000 | $4,263.00 |
| $48,001 to $75,000 | $5,727.00 |
| $75,001 to $110,000 | $15,409.00 |
| Over $110,000 | $9,685.00 |
Get a tailored estimate from the New Mexico Military Institute Net Price Calculator, or reach out to the financial aid office.
Curious how grants and scholarships are distributed? Explore the grants & scholarships detail.
Typical debt at graduation from New Mexico Military Institute amounts to $4,549.00, landing it in the Very Low (<$10k) debt-burden bucket.
Here’s how debt at graduation distributes across borrowers:
| Percentile | Debt at graduation |
|---|---|
| 10th | $2,246.00 |
| 25th | $2,888.00 |
| Median (50th) | $4,549.00 |
| 75th | $8,250.00 |
| 90th | $12,000.00 |
How far apart the 10th and 90th percentiles sit tells you how uneven debt outcomes are.
Explore borrowing, repayment, and default in detail on the student-loan-debt breakdown.
Debt at graduation often differs for first-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $4,000.00 |
| Continuing-generation students | $4,886.00 |
The Pell Grant is the largest federal grant for undergraduates from low-income families. 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 Military Institute stands at $-266.00.
The federal default-rate classification for New Mexico Military Institute is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 8.1% |
To give some context for these rates, Stafford loans disbursed at New Mexico Military Institute total $4,257,957.00 over 727 disbursements.
Beyond the data above, it helps to ask a few questions when weighing New Mexico Military Institute, a few questions are worth asking:
Each page below covers one part of paying for college in more detail:
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.