New Mexico Institute of Mining and Technology
Socorro, NM, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$14,236
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$9,948
$30k - $48k
$11,270
$48k - $75k
$15,175
$75k - $110k
$16,103
$110k+
$16,981
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$8,156
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$23,524
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$8,624
Books and Supplies
$1,150
Tuition Payment Plan
No
Financial Aid: visit page
Financial Aid Email: [email protected]

Aid & Grants

0
100
77%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
30%
Average Aid Per Year
$6,673
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
30%
Average Federal Grant Aid Per Year
$3,754
Average Institution Grant Aid Per Year
$3,201
Students receiving state aid
79%
Average State Grant Aid Per Year
$2,699
Students receiving federal aid
43%
Average Federal Grant Aid Per Year
$3,754
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$2,614,192
Total Non-Need-Based Scholarships/Grants
$5,024,211

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
62%
Average Loan Amount Per Year
$5,099
Students receiving federal loans
60%
Average Federal Loans Per Year
$5,105
Average Other Loans Per Year
$4,928
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$12,325
Loan Default Rate
4%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$201

What Students Are Saying

3.71 Average Rating
New Mexico Tech is a top-notch institution, one that is world-renowned and valued as one of the best by many. The cost of attending NMT is remarkably low though, pretty close to the lowest in the area for a 4-year program and by far the lowest in the region for the excellent quality of education that you will receive.
Student from Socorro, NM
academicallly speaking NMT is Constantly setting the bar higher and higher, no education goes to waste here. However, even though there are many social students at NMT and there are many ways to have fun, tech is not a party school at all but the drive to be at such a renown college keeps many students here and we still find many other , more creative ways to have fun.
Andres from Socorro, NM
Tech is cheap compared to the other schools in the state. I think Tech's tuition and everything are reasonable. Except for their dorms. There is very limited housing in the way of dorms so they are expensive because of all the competition. However, the Socorro real estate rental market has adapted to this need and renting is a good option here.
Elizabeth from Socorro, NM
In-state tuituon is very inexpensive but even out of state tuition is only 18000. Though this is a lot it is half of what some schools charge for out of state.
Erik from Puyallup, WA
best deal in the country. tuition is extremely low.
alexander from albuquerque, nm
New Mexico Tech is SO cheap, but a GREAT SCHOOL! I know so many students who don't even have to go in debt to attend, and graduate with a bachelors, making above $70,000 starting salary.
Quintessa from Socorro, NM
Pretty cheap.
Steven
The college has a very low cost in comparison for the curriculum.
Marc from Socorro, NM
It is priced at a very affordable price and you get a great education.
Levi
The cost of going to tech is really pretty low compared to other colleges. Some people get paid to come here. There aren't a lot of degrees offered so if you aren't sure science and engineering is for you you might look elsewhere, but if you know that's what you want this is a fantastic place to come and not go broke doing it.
Jon from Albuquerque, NM

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