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2021 Best Colleges for the Money in New Mexico

8 Colleges
$17,406 Avg Cost*
4.7 Years Avg Time to Graduate*

With all of the options you have for higher education today, it can be tough to choose which direction to take. At College Factual, we're committed to helping you make that decision by providing information such as that found in our Best Value New Mexico Schools ranking.

Our analysis looked at 8 schools to determine which ones were the best for overall value in New Mexico. This ranking doesn't just identify the colleges with the lowest costs. Rather, it highlights those institutions that offer excellent educational experiences for a lower cost than other schools of roughly the same caliber. Because of this, it is possible for one college to rank better than another, even if the latter college has a lower average cost.

Learn more about 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 in New Mexico

Learn more about these excellent schools below:

#1

St. John's College

Santa Fe, New Mexico

Our analysis found St. John’s College to be the best school for overall value in New Mexico in this year’s ranking. Located in Santa Fe, New Mexico, the small private not-for-profit school handed out 70 bachelor’s degrees in 2018-2019.

It takes the average student at St. John’s about 4.2 years to graduate, and on average, the annual cost to attend the school is $14,734. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from St. John’s is $61,588. If you can shave even one term off your degree, you can save a substantial amount of money.

The low student loan default rate of 4.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. In addition to its best value ranking, and one of the reasons why the school is on the list, St. John’s is ranked #1 for overall quality in New Mexico.

Full St. John’s College Report

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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.

At New Mexico Tech, the average time it takes a student to graduate is 4.7 years, and on average, the annual cost to attend the school is $18,159. This makes the estimated cost of a bachelor’s degree from New Mexico Tech be around $85,710. The sooner a student graduates, the more money they can save.

New Mexico Tech did well in our quality rankings, too. It placed #2 on our Best Colleges in New Mexico list.

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You’ll join some of the best and brightest minds around if you attend New Mexico State University - Main Campus. The school came in at #3 in New Mexico on this year’s best value ranking. New Mexico State University - Main Campus is a fairly large public school located in Las Cruces, New Mexico that handed out 2,465 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at New Mexico State University - Main Campus is 4.8 years, and the average full-time cost to attend the school is around $14,752. 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 $70,072. When you graduate sooner, you can save a lot of money.

New Mexico State University - Main Campus also made our Best Colleges in New Mexico list, coming in at #5.

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#4

University of New Mexico - Main Campus

Albuquerque, New Mexico

You’ll be in good company if you decide to attend University of New Mexico - Main Campus. It ranked #4 on our 2021 Best Value Colleges in New Mexico list. UNM is located in Albuquerque, New Mexico and has a large student population. In 2018-2019, this school awarded 4,321 bachelor’s degrees to qualified undergradutates.

It takes the average student at UNM about 4.7 years to graduate, and on average, the annual cost to attend the school is $18,736. 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 $88,059. The sooner a student graduates, the more money they can save.

UNM not only placed well in our value rankings, but it is also #3 on our Best Colleges in New Mexico list.

Full University of New Mexico - Main Campus Report

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Out of the 8 schools in New Mexico that were part of this year’s ranking, Eastern New Mexico University - Main Campus landed the #5 spot on the list. Eastern New Mexico University - Main Campus is a public institution located in Portales, New Mexico. The school has a medium-sized population, and it awarded 707 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Eastern New Mexico University - Main Campus is 4.6 years, and the yearly average cost to attend the school is $15,981. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Eastern New Mexico University - Main Campus is about $73,353. If you can shave even one term off your degree, you can save a substantial amount of money.

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#6

New Mexico Highlands University

Las Vegas, New Mexico

New Mexico Highlands University ranked #6 on this year’s Best Colleges for the Money in New Mexico list. Located in Las Vegas, New Mexico, the small public school awarded 489 diplomas to qualifed bachelor’s degree students in 2018-2019.

At New Mexico Highlands University, the average time it takes a student to graduate is 4.6 years, and the average full-time cost to attend the school is around $14,499. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from New Mexico Highlands University is about $66,985. If you can shave even one term off your degree, you can save a substantial amount of money.

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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.

It takes the average student at Western New Mexico University about 4.7 years to graduate, and on average, the annual cost to attend the school is $18,021. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Western New Mexico University is $85,420. When you graduate sooner, you can save a lot of money.

Full Western New Mexico University Report

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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. University of the Southwest is a small private not-for-profit school located in Hobbs, New Mexico that handed out 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 average full-time cost to attend the school is around $24,368. This means that the average student pays around $121,840 to get a bachelor’s degree from USW. The sooner a student graduates, the more money they can save.

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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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