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2024 Best Schools for the Money (No Aid) in New Mexico for Master's Degrees

7 Colleges
$8,924 Avg Graduate Tuition & Fees*
$9,492 Avg Room & Board*

There are lots of options to choose from today when trying to decide which school to attend. College Factual has developed its Best Master's Degree Colleges for the Money in New Mexico ranking as one thing you can use to help make this decision.

In This Year's Value Report:

Finding Your Best College Match

After analyzing 7 schools in New Mexico, we came up with our list of those that offered the best value Master's Degree programs. Our ranking for the best value schools is based on objective factors. We steer clear of subjective measures since they don't give a clear picture when determining how one school compares to another. We explain more about what we look at and why we do so below.

Our Methodology

To determine the value of a school in our Best Master's Degree Colleges for the Money in New Mexico ranking, we first add average tuition, fees, and room and board costs (without aid) together. In addition, the overall quality of a school is important to ensure a quality education, not just how much it costs.

To make it into this list a school must offer a quality education like the schools in our Best Colleges ranking. This ranking considers factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.

We go into more detail on these factors on our best value ranking methodology page.

More Rankings to View

You can scroll down to see the top schools for this ranking, but you may also want to view some of the other ranking methods listed below.

With Aid (All Income Levels) Best Value Master's Degrees
With Aid (Income $0-$30k) Best Value Master's Degrees
With Aid (Income $30-$48k) Best Value Master's Degrees
With Aid (Income $48-$75k) Best Value Master's Degrees
With Aid (Income $75-$110k) Best Value Master's Degrees
With Aid (Income Over $110k) Best Value Master's Degrees
To get a better picture of the best value schools for your income range or for whether or not you'll receive aid, click on one of the tiles above. You may also want to narrow this list by location to find the best value schools nearest you. In addition, we've put together a number of other college rankings that may help you in your search.

Know what field you want to major in? Make sure you check out our best value schools by major. In addition, you can select one of the links below to see the best value colleges for other degree levels.

Best Value Master's Degree Schools (No Aid) in New Mexico

Learn more about these excellent schools below:

1

Our 2024 rankings named New Mexico Institute of Mining and Technology the best value (no aid) school in New Mexico for students working on their master’s degree. New Mexico Tech is a public institution located in Socorro, New Mexico.

New Mexico Institute of Mining and Technology has the honor of being ranked #1 in New Mexico for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $17,235 a year.

Learn More About Value at New Mexico Institute of Mining and Technology

2
Western New Mexico University crest
Western New Mexico University
Silver City, New Mexico

You’ll be in good company if you decide to attend Western New Mexico University. It ranked #2 on our 2024 Best Master’s Degree Colleges for the Money in New Mexico list. Western New Mexico University is a small public school situated in Silver City, New Mexico.

In addition to being included on this ranking as a good value, Western New Mexico University is ranked #2 for quality in the state of New Mexico. The average cost without aid for the school is $15,753 per year for graduate students.

Read full value report on Western New Mexico University

3
New Mexico Highlands University crest
New Mexico Highlands University
Las Vegas, New Mexico

Out of the 7 master’s degree schools in New Mexico that were part of this year’s ranking, New Mexico Highlands University landed the #3 spot on the list. Located in Las Vegas, New Mexico, the school is a small public institution.

New Mexico Highlands University has the honor of being ranked #4 in New Mexico for overall quality on top of being a good value. The average cost without aid for the school is $16,606 per year for graduate students.

Learn More About Value at New Mexico Highlands University

4

A rank of #4 on our Best Master’s Degree Colleges for the Money in New Mexico list means University of New Mexico - Main Campus is a great place for students working on their degree. UNM is a large public school situated in Albuquerque, New Mexico.

In addition to being included on this ranking as a good value, University of New Mexico - Main Campus is ranked #3 for quality in the state of New Mexico. The average cost without aid for the school is $17,511 per year for graduate students.

Full University of New Mexico - Main Campus Value Report

5

The quality degree programs at Eastern New Mexico University - Main Campus helped the school earn the #5 place on this year’s ranking of Best Master’s Degree Colleges for the Money in New Mexico. ENMU - Main Campus is a small public school situated in Portales, New Mexico.

In addition to being included on this ranking as a good value, Eastern New Mexico University - Main Campus is ranked #6 for quality in the state of New Mexico. The average cost without aid for the school is $13,165 per year for graduate students.

Read full value report on Eastern New Mexico University - Main Campus

6

New Mexico State University - Main Campus did quite well in the 2024 Best Master’s Degree Colleges for the Money in New Mexico ranking, coming in at #6. New Mexico State University - Main Campus is a fairly large public school located in Las Cruces, New Mexico.

Not only is New Mexico State University - Main Campus a great value, but it is also ranked #5 in New Mexico for overall quality. The average cost to attend the school for graduate students if you don’t receive any aid is $17,333 a year.

Read full value report on New Mexico State University - Main Campus

7
USW crest
University of the Southwest
Hobbs, New Mexico

University of the Southwest ranked #7 on this year’s Best Master’s Degree Colleges for the Money in New Mexico list. This small private not-for-profit school is located in Hobbs, New Mexico.

Not only is University of the Southwest a great value, but it is also ranked #7 in New Mexico for overall quality. The average cost without aid for the school is $31,310 per year for graduate students.

Learn More About Value at University of the Southwest

Best Value Master's Degree Schools (No Aid) in the Southwest Region

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Notes and References

Footnotes

*These averages are for the top 7 schools only.

More about our data sources and methodologies.

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