2022 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k) in New Mexico

Students have lots of options to chooose from today when trying to decide which college to attend. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $0-$30k” ranking is one tool we have developed to help in this regard.

In 2019-2020, 1,582 people earned their degree in petroleum engineering, making the major the 180th most popular in the United States. In 2017-2018, petroleum engineering graduates who were awarded their degree in 2015-2017, earned an average of $66,730 and had an average of $24,667 in loans still to pay off.

Across New Mexico, there were 23 petroleum engineering graduates with average earnings and debt of $0 and $26,747 respectively. At the bachelor’s degree level specifically, there were 18 petroleum engineering graduates with average earnings and debt of $36,108 and $24,162 respectively.

The schools that top this list are recognized because they have great petroleum engineering programs and cost less that schools of similar quality.

When determining these rankings, we looked at things such as overall quality of the petroleum engineering program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.

One Size Does Not Fit All

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $0-$30k” ranking, along with many other major-related rankings, to help you make that decision.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $0-$30k

The colleges and universities below are the best for new mexico bachelor’s degree petroleum engineering students whose families make $0-$30k.

Top 1 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k) in New Mexico

#1

New Mexico Institute of Mining and Technology

Socorro, New Mexico

#1 in overall quality

$10,924 Average Net Price

$67,660 Average Early-Career Earnings

Out of the 1 schools in the Best Value Petroleum Engineering Schools for a Bachelor’s in New Mexico For Those Making $0-$30k that were part of this year’s ranking, New Mexico Institute of Mining and Technology landed the #1 spot on the list. New Mexico Tech is a small school located in Socorro, New Mexico that handed out 18 bachelors’s petroleum engineering degrees in 2019-2020.

New Mexico Tech not only placed well in this ranking. It is also #1 on our “Best Petroleum Engineering Bachelor’s Degree Schools in New Mexico” list. It costs about $10,924 for New Mexico Bachelor’s Degree Petroleum Engineering students whose families make $0-$30k per year to attend New Mexico Tech.

The student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Petroleum Engineering at New Mexico Institute of Mining and Technology

• Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k) in the Southwest Region
• Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k)

Notes and References

References

• The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
• Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
• Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

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