N
Public 2 Year

NMMI Tuition & Cost

Roswell, New Mexico

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How much does it cost to attend?

In District New Mexico Resident Sticker Price
$16,164
In District Costs for New Mexico Military Institute
Fee Cost
Tuition$400
Books and Supplies$1,100
Other Fees$4,388
Room and Board $5,876
Other Expenses Budget$4,400
In State New Mexico Resident Sticker Price
$17,548
In State Costs for New Mexico Military Institute
Fee Cost
Tuition$1,784
Books and Supplies$1,100
Other Fees$4,388
Room and Board $5,876
Other Expenses Budget$4,400

In district New Mexico residents should budget an annual total cost of $16,164 to attend New Mexico Military Institute on a full time basis. This fee is comprised of $400 for tuition, $5,876 room and board, $1,100 for books and supplies and $4,388 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 Military Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$7,164
Net Price by Income New Mexico Military Institute
Family Income Net Price Paid
$0 to $30,000$3,828
$30,001 to $48,000$4,273
$48,001 to $75,000$6,187
$75,001 to $110,000$9,064
$110,000+$13,614

The average reported annual net price for New Mexico Military Institute for students receiving grants or scholarship aid was $7,164 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

97% of full-time undergrad New Mexico Military Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,879 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 17% of students received Federal Student Loans averaging $3,626 and 1% of undergrads took out private student loans averaging $10,453.

Finanical Aid New Mexico Military Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $7,879 97%
Institutional Grants and Scholarships $6,139 96%
Pell Grants $4,218 32%
Other Federal Grants $2,733 12%
State and Local Grants $1,119 4%
Federal Student Loans $3,626 17%
Other Student Loans $10,453 1%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to New Mexico Military Institute, we've modeled a ten year student loan with an original principal value of $9,096. The loan balance of $9,096 is a two year multiple of the $4,548 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 $87 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 $9,096
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $86.79
Total Interest Paid $1,318.30
Sum of All Loan Payments $10,414.30

Projected 2 Year Degree Price

2 Year Sticker Price
$35,096
Year New Mexico Residents Non Residents
1 $17,548 $23,836
2 $18,024 $24,482

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at New Mexico Military Institute to be $35,096 - assuming graduation in normal time. The estimation assumes a 2.7% annual increase over the next 2 years which has been the recent trend for this school.

Tuition Payment Plans Available

New Mexico Military Institute 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=187912 IPEDS survey data for New Mexico Military Institute.