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#2 Best Colleges in New Mexico

UNM Tuition & Cost

Albuquerque, New Mexico

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How much does it cost to attend?

In State New Mexico Resident Sticker Price
$23,231
In State Costs for University of New Mexico Main Campus
Fee Cost
Tuition$6,299
Books and Supplies$1,158
Other Fees$1,576
Room and Board $10,090
Other Expenses Budget$4,108
Out of State Resident Sticker Price
$38,648
Out of State Costs for University of New Mexico Main Campus
Fee Cost
Tuition$21,716
Books and Supplies$1,158
Other Fees$1,576
Room and Board $10,090
Other Expenses Budget$4,108

Residents of New Mexico pay an annual total price of $23,231 to attend University of New Mexico Main Campus on a full time basis. This fee is comprised of $6,299 for tuition, $10,090 room and board, $1,158 for books and supplies and $1,576 for other fees.

Out of state residents are charged a total cost of $38,648 which is 66.4% higher than New Mexico residents. The tuition charge is $21,716 while room and board is $10,090, books and supplies are $1,158 and other fees come in at $1,576.

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 University of New Mexico Main Campus when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$11,368
Net Price by Income University of New Mexico Main Campus
Family Income Net Price Paid
$0 to $30,000$13,242
$30,001 to $48,000$14,458
$48,001 to $75,000$16,557
$75,001 to $110,000$18,920
$110,000+$19,233

The average reported annual net price for University of New Mexico Main Campus for students receiving grants or scholarship aid was $11,368 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

93% of full-time undergrad University of New Mexico Main Campus received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,943 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 32% of students received Federal Student Loans averaging $5,756 and 2% of undergrads took out private student loans averaging $11,146.

Finanical Aid University of New Mexico Main Campus
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,943 93%
Institutional Grants and Scholarships $3,420 70%
Pell Grants $4,952 39%
Other Federal Grants $934 5%
State and Local Grants $2,988 70%
Federal Student Loans $5,756 32%
Other Student Loans $11,146 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of New Mexico Main Campus, we've modeled a ten year student loan with an original principal value of $41,088. The loan balance of $41,088 is a four year multiple of the $10,272 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 $392 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 $41,088
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $392.02
Total Interest Paid $5,954.98
Sum of All Loan Payments $47,042.98

Projected 4 Year Degree Price

4 Year Sticker Price
$92,924
Year New Mexico Residents Non Residents
1 $23,231 $38,648
2 $23,768 $39,542
3 $24,318 $40,457
4 $24,881 $41,392

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of New Mexico Main Campus to be $92,924 - assuming graduation in normal time. The estimation assumes a 2.3% 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 University of New Mexico Main Campus
Price Per Credit 3 Credit Class 4 Credit Class
New Mexico Residents $263 $789 $1,052
Out of State Residents $905 $2,715 $3,620

Estimated cost for a class at University of New Mexico Main Campus 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 University of New Mexico Main Campus versus other colleges.

Tuition Payment Plans Available

University of New Mexico Main Campus 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=187985 IPEDS survey data for University of New Mexico Main Campus.