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New Mexico Institute of Mining and Technology Tuition & Costs

Your Estimated Price

$12,838 Annual Cost to Attend

Cost Breakdown
$4,828 tuition
$6,304 on campus room & board
$1,038 books
$668 fees
(Based on stats from 2012/2013)

$23,709 Annual Cost to Attend

Cost Breakdown
$15,699 tuition
$6,304 on campus room & board
$1,038 books
$668 fees
(Based on stats from 2012/2013)
Estimated Net Price
Get Your Estimated Cost

Colleges like New Mexico Institute of Mining and Technology are working hard to make tuition affordable to deserving students.

Use our tool to get a quick guess about your actual costs and links to tools to get an even better estimate directly form the college.

Average Aid

$3,712 Annual Institutional Aid

Average Aid
96% of students receive aid
26% get federal aid ($4,647 avg)
63% get state aid ($2,551 avg)
88% get institn'l aid ($3,712 avg)
42% get loans ($5,273 avg)

Tuition Trends

Historical Tuition and Fees, with Projected Future Amounts

Future projections are based on past four years' data averaging 6.07% annual change in in-state tuition and fees and 6.47% change in out-of-state tuition and fees. Amounts shown are estimates only and not guaranteed. For a better estimate, contact the college directly.

Financial Aid

Annual Aid Awarded
Average Amount Percent Awarded
Grant or Scholarship Aid $6,403 95%
Federal Grant Aid $4,647 26%
Pell Grants $3,991 26%
Other Federal Grants $1,857 9%
Institution Grant Aid $3,712 88%
State Grant Aid $2,551 63%
Student Loans $5,273 42%
Federal Loans $4,973 42%
Other Loans $10,222 1%

Merit Aid Available

Merit Aid

Merit Scholarships Available Amount freshman returning transfer graduate
$1,000 R n n n
- R R
- R R
$2,000 - $8,000 R n n n
$6,000 - $24,000 R
$800 R
- R
$4,000 - $16,000 R
$2,000 R n R n
$700 R
Financial Aid Timeline
Financial aid priority deadline: June 1
Financial aid deadline: -
College will notify student of financial aid decisions on or about: -
Student must reply to financial aid decision by: within 2 week(s) of notification
Financial Aid Contact Info
801 Leroy Place
Socorro, NM 87801
(800) 428-8324
Costs Per Credit Hour
In State $201
Out of State $654


Student Responses to Review Topic: Bang for the buck
  • 5
  • Matthew from Albuquerque, NM
  • May-23-2014 I am a current student here

    New Mexico Institute of Mining and Technology has the lowest cost of tuition in the state and one of the best engineering programs in the U.S.

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  • 5
  • Sarah
  • Apr-14-2014 I am a current student here

    Great price, even for non-residents. It's also possible to become a NM state resident and apply for the in-state tuition, which brings the cost of a semester down around $3000. The school has good facilities and great faculty, and students will learn a lot if they apply themselves. More than worth the price, especially with such a small school environment.

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  • 5
  • Brian from Las Vegas, NV
  • Nov-05-2013 I am a current student here

    Tech is definitely one of the best educations you can get without plunging yourself into hundreds of thousands in debt. Four years here costs about as much as a year at an Ivy League school, but you actually get a very comparable education.

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  • 5
  • Nancy from Socorro, NM
  • Jul-29-2013 I am a current student here

    The school is relatively cheap for the level of education received here. This is due to the fact that so much research has been done here, many patents came from those researchers, and the school receives a substantial amount of money from these resources, cutting down on cost of attendance!!!

    Read More
  • 4
  • Vivian from Albuquerque, NM
  • Jun-03-2013 I am a current student here

    It's fairly cheap, and the stuff you get to use, like 3D printers and super fancy computer programs are really worth it. But there isn't really a whole lot of entertainment value in the town, so it depends on your priorities

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