How much does it cost to attend?

In State New Mexico Resident Sticker Price
$22,410
In State Costs for New Mexico Institute of Mining and Technology
Fee Cost
Tuition$6,440
Books and Supplies$1,130
Other Fees$1,330
Room and Board $8,510
Other Expenses Budget$5,000
Out of State Resident Sticker Price
$36,908
Out of State Costs for New Mexico Institute of Mining and Technology
Fee Cost
Tuition$20,938
Books and Supplies$1,130
Other Fees$1,330
Room and Board $8,510
Other Expenses Budget$5,000

Residents of New Mexico pay an annual total price of $22,410 to attend New Mexico Institute of Mining and Technology on a full time basis. This fee is comprised of $6,440 for tuition, $8,510 room and board, $1,130 for books and supplies and $1,330 for other fees.

Out of state residents are charged a total cost of $36,908 which is 64.7% higher than New Mexico residents. The tuition charge is $20,938 while room and board is $8,510, books and supplies are $1,130 and other fees come in at $1,330.

All price data is sourced from the 2018/2019 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 Institute of Mining and Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$13,741
Net Price by Income New Mexico Institute of Mining and Technology
Family Income Net Price Paid
$0 to $30,000$8,797
$30,001 to $48,000$13,105
$48,001 to $75,000$14,405
$75,001 to $110,000$15,642
$110,000+$15,547

The average reported annual net price for New Mexico Institute of Mining and Technology for students receiving grants or scholarship aid was $13,741 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid New Mexico Institute of Mining and Technology
Type Avg./Student Students Receiving
Annual Total Grant Aid $6,883 93%
Pell Grant $4,421 29%
Federal Student Loan $5,174 56%

The average reported annual net price for New Mexico Institute of Mining and Technology for students receiving grants or scholarship aid was $13,741 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to New Mexico Institute of Mining and Technology, we've modeled a ten year student loan with an original principal value of $36,176. The loan balance of $36,176 is a four year multiple of the $9,044 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 $375 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 4.529%.

Example Loan $36,176
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $375.43
Total Interest Paid $8,875.39
Sum of All Loan Payments $45,051.39

Projected 4 Year Degree Price

4 Year Sticker Price
$89,640
Year New Mexico Residents Non Residents
1 $22,410 $36,908
2 $23,906 $39,373
3 $25,503 $42,002
4 $27,206 $44,807

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at New Mexico Institute of Mining and Technology to be $89,640 - assuming graduation in normal time. The estimation assumes a 6.7% 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 Institute of Mining and Technology
Price Per Credit 3 Credit Class 4 Credit Class
New Mexico Residents $268 $804 $1,072
Out of State Residents $872 $2,616 $3,488

Estimated cost for a class at New Mexico Institute of Mining and Technology 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 Institute of Mining and Technology versus other colleges.

Tuition Payment Plans Available

New Mexico Institute of Mining and Technology Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=187967 IPEDS survey data for New Mexico Institute of Mining and Technology.