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Public 2 Year

New Mexico Junior College Tuition & Cost

Hobbs, New Mexico

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How much does it cost to attend?

In District New Mexico Resident Sticker Price
$9,046
In District Costs for New Mexico Junior College
Fee Cost
Tuition$888
Books and Supplies$1,500
Other Fees$432
Room and Board $4,200
Other Expenses Budget$2,026
In State New Mexico Resident Sticker Price
$9,502
In State Costs for New Mexico Junior College
Fee Cost
Tuition$1,344
Books and Supplies$1,500
Other Fees$432
Room and Board $4,200
Other Expenses Budget$2,026

In district New Mexico residents should budget an annual total cost of $9,046 to attend New Mexico Junior College on a full time basis. This fee is comprised of $888 for tuition, $4,200 room and board, $1,500 for books and supplies and $432 for other fees.

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 Junior College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$5,940
Net Price by Income New Mexico Junior College
Family Income Net Price Paid
$0 to $30,000$6,301
$30,001 to $48,000$8,730
$48,001 to $75,000n/a
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for New Mexico Junior College for students receiving grants or scholarship aid was $5,940 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

74% of full-time undergrad New Mexico Junior College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $3,980 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 11% of students received Federal Student Loans averaging $2,700.

Finanical Aid New Mexico Junior College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,980 74%
Institutional Grants and Scholarships $1,382 49%
Pell Grants $2,520 70%
Other Federal Grants $727 6%
State and Local Grants $800 56%
Federal Student Loans $2,700 11%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to New Mexico Junior College, we've modeled a ten year student loan with an original principal value of $17,892. The loan balance of $17,892 is a two year multiple of the $8,946 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 $171 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 $17,892
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $170.71
Total Interest Paid $2,593.13
Sum of All Loan Payments $20,485.13

Projected 2 Year Degree Price

2 Year Sticker Price
$19,004
Year New Mexico Residents Non Residents
1 $9,502 $9,694
2 $9,572 $9,766

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at New Mexico Junior College to be $19,004 - assuming graduation in normal time. The estimation assumes a 0.7% annual increase over the next 2 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 Junior College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $37 $111 $148
New Mexico Residents $56 $168 $224
Out of State Residents $64 $192 $256

Estimated cost for a class at New Mexico Junior College 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 Junior College versus other colleges.

Tuition Payment Plans Available

New Mexico Junior College 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=187903 IPEDS survey data for New Mexico Junior College.