N
Public 4 Year

New Mexico Highlands University Tuition & Cost

Las Vegas, New Mexico

 2 Reviews

How much does it cost to attend?

In State New Mexico Resident Sticker Price
$19,556
In State Costs for New Mexico Highlands University
Fee Cost
Tuition$4,440
Books and Supplies$1,144
Other Fees$1,878
Room and Board $8,126
Other Expenses Budget$3,968
Out of State Resident Sticker Price
$23,828
Out of State Costs for New Mexico Highlands University
Fee Cost
Tuition$8,712
Books and Supplies$1,144
Other Fees$1,878
Room and Board $8,126
Other Expenses Budget$3,968

Residents of New Mexico pay an annual total price of $19,556 to attend New Mexico Highlands University on a full time basis. This fee is comprised of $4,440 for tuition, $8,126 room and board, $1,144 for books and supplies and $1,878 for other fees.

Out of state residents are charged a total cost of $23,828 which is 21.8% higher than New Mexico residents. The tuition charge is $8,712 while room and board is $8,126, books and supplies are $1,144 and other fees come in at $1,878.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend New Mexico Highlands University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$10,617
Net Price by Income New Mexico Highlands University
Family Income Net Price Paid
$0 to $30,000$8,345
$30,001 to $48,000$9,126
$48,001 to $75,000$10,625
$75,001 to $110,000$14,069
$110,000+$14,889

The average reported annual net price for New Mexico Highlands University for students receiving grants or scholarship aid was $10,617 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

92% of full-time undergrad New Mexico Highlands University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,532 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 28% of students received Federal Student Loans averaging $4,342 and 2% of undergrads took out private student loans averaging $10,844.

Finanical Aid New Mexico Highlands University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $7,532 92%
Institutional Grants and Scholarships $3,876 72%
Pell Grants $5,186 60%
Other Federal Grants $451 25%
State and Local Grants $1,425 63%
Federal Student Loans $4,342 28%
Other Student Loans $10,844 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to New Mexico Highlands University, we've modeled a ten year student loan with an original principal value of $39,876. The loan balance of $39,876 is a four year multiple of the $9,969 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $380 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $39,876
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $380.46
Total Interest Paid $5,779.32
Sum of All Loan Payments $45,655.32

Projected 4 Year Degree Price

4 Year Sticker Price
$78,224
Year New Mexico Residents Non Residents
1 $19,556 $23,828
2 $21,085 $25,691
3 $22,734 $27,700
4 $24,512 $29,866

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at New Mexico Highlands University to be $78,224 - assuming graduation in normal time. The estimation assumes a 7.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at New Mexico Highlands University
Price Per Credit 3 Credit Class 4 Credit Class
New Mexico Residents $185 $555 $740
Out of State Residents $363 $1,089 $1,452

Estimated cost for a class at New Mexico Highlands University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at New Mexico Highlands University versus other colleges.

Tuition Payment Plans Available

New Mexico Highlands University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=187897 IPEDS survey data for New Mexico Highlands University.