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2021 Best Colleges for the Money (With Aid) in New Mexico

8 Colleges
$15,764 Avg Cost (With Aid)*
4.7 Years Avg Time to Graduate*

It's not easy to decide which college to attend when you have so many options available. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our Best New Mexico Schools For The Money For Those Getting Aid ranking is part of that endeavor.

Our analysis looked at 8 schools to determine which ones were the best for overall value for the money with aid in New Mexico. This ranking isn't just a listing of 'cheap' schools. Instead, it is noting which schools offer a high quality education for a reasonable price. Because of this, it is possible for one college to rank better than another, even if the latter college has a lower average cost.

See what other factors we include in our ranking methodology.

When determining average cost, we look at total expenses, such as tuition, fees, books and supplies, room and board, and other living expenses, and then deduct the average amount of financial aid awarded to a student. This estimate is meant to give you a better picture of how much money you'll have to pay each year, either through self-pay, loans, or external scholarships.

One Size Does Not Fit All

We know that one set of rankings doesn't always help you determine the best school for you, so we've created the ability to narrow your list by location and field of study as well as alternative rankings that prioritize different factors, such as those of importance to veterans and returning adults or those seeking diversity and overall quality.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. If you're torn between two schools, you can use it to help you see how they stack up against one another!

Top Colleges for the Money (With Aid) in New Mexico

Learn more about these excellent schools below:

#1

St. John's College

Santa Fe, New Mexico

Our 2021 rankings named St. John’s College the best school for overall value for the money with aid in New Mexico for students working on their bachelor’s degree. St. John’s is located in Santa Fe, New Mexico and has a small student population. In 2018-2019, this school awarded 70 bachelor’s degrees to qualified undergradutates.

It takes about 4.2 years for the average student at St. John’s to complete their degree, and on average, the annual cost to attend the school is $14,375 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from St. John’s is $60,087. Graduating sooner can prevent you from having to pay more money out of pocket.

Since the school has a student-to-faculty rate of 8 to 1, those pursuing a bachelor’s degree will have more opportunities to interact with their professors. St. John’s did well in our quality rankings, too. It placed #1 on our Best Colleges in New Mexico list.

Read full report on St. John’s College

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The excellent bachelor’s degree programs at New Mexico Institute of Mining and Technology helped the school earn the #2 place on this year’s ranking of the best schools for the money in New Mexico. New Mexico Tech is a small public school situated in Socorro, New Mexico. It awarded 281 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at New Mexico Tech is 4.7 years, and the yearly average cost to attend the school is $16,303 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the New Mexico Tech is $76,950. The sooner a student graduates, the more money they can save.

New Mexico Tech also made our Best Colleges in New Mexico list, coming in at #2.

Full New Mexico Institute of Mining and Technology Report

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The excellent bachelor’s degree programs at New Mexico State University - Main Campus helped the school earn the #3 place on this year’s ranking of the best schools for the money in New Mexico. New Mexico State University - Main Campus is located in Las Cruces, New Mexico and has a fairly large student population. In 2018-2019, this school awarded 2,465 bachelor’s degrees to qualified undergradutates.

At New Mexico State University - Main Campus, the average time it takes a student to graduate is 4.8 years, and it costs students who receive aid about $12,243 per year to attend the school. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from New Mexico State University - Main Campus is about $58,154. When students graduate in a lesser amount of time, they can save thousands of dollars.

New Mexico State University - Main Campus not only placed well in our value rankings, but it is also #5 on our Best Colleges in New Mexico list.

Full New Mexico State University - Main Campus Report

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#4

University of New Mexico - Main Campus

Albuquerque, New Mexico

You’ll join some of the best and brightest minds around if you attend University of New Mexico - Main Campus. The school came in at #4 in New Mexico on this year’s best value ranking. Located in Albuquerque, New Mexico, the large public school handed out 4,321 bachelor’s degrees in 2018-2019.

It takes about 4.7 years for the average student at UNM to complete their degree, and the estimated yearly cost for the school is $18,398 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from UNM is $86,471. Graduating sooner can prevent you from having to pay more money out of pocket.

UNM also made our Best Colleges in New Mexico list, coming in at #3.

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You’ll be in good company if you decide to attend Eastern New Mexico University - Main Campus. It ranked #5 on our 2021 Best Value Colleges in New Mexico list. This medium-sized public school is located in Portales, New Mexico, and it awarded 707 bachelor’s degrees in 2018-2019.

It takes about 4.6 years for the average student at Eastern New Mexico University - Main Campus to complete their degree, and it costs students who receive aid about $13,240 per year to attend the school. This means that the average student pays around $60,772 to get a bachelor’s degree from Eastern New Mexico University - Main Campus. The sooner a student graduates, the more money they can save.

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#6

New Mexico Highlands University

Las Vegas, New Mexico

New Mexico Highlands University landed the #6 spot on the 2021 Best Value Colleges in New Mexico ranking. New Mexico Highlands University is located in Las Vegas, New Mexico and has a small student population. In 2018-2019, this school awarded 489 bachelor’s degrees to qualified undergradutates.

It takes about 4.6 years for the average student at New Mexico Highlands University to complete their degree, and the estimated yearly cost for the school is $12,227 for students who receive aid. This means that the average student pays around $56,489 to get a bachelor’s degree from New Mexico Highlands University. When students graduate in a lesser amount of time, they can save thousands of dollars.

Full New Mexico Highlands University Report

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#7

Western New Mexico University

Silver City, New Mexico

Western New Mexico University landed the #7 spot on the 2021 Best Value Colleges in New Mexico ranking. Located in Silver City, New Mexico, the small public school handed out 254 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Western New Mexico University is 4.7 years, and it costs students who receive aid about $15,237 per year to attend the school. Thus, the average cost to get a bachelor’s degree from the Western New Mexico University is $72,223. When you graduate sooner, you can save a lot of money.

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#8

University of the Southwest

Hobbs, New Mexico

University of the Southwest came in at #8 in this year’s edition of the Best Colleges for the Money in New Mexico ranking. This small private not-for-profit school is located in Hobbs, New Mexico, and it awarded 104 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at USW is 5.0 years, and the yearly average cost to attend the school is $24,087 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from USW is about $120,435. When you graduate sooner, you can save a lot of money.

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Best Colleges in the Southwest Region

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Notes and References

Footnotes

*These averages are for the top 8 schools only.

  • For our state-specific rankings, we use in-state tuition to calculate average cost. For our national and regional rankings, we use a weighted average of in-state and non-resident tuition.

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%.

More about our data sources and methodologies.

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