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New Mexico Institute of Mining and Technology

#55 in US ranking Socorro, NM
Type:
Public
Programs:
4 years or more

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New Mexico Institute of Mining and Technology award
New Mexico Institute of Mining and Technology award

Cost

Cost / year
$26,354
Tuition & fees
$10,084
Avg. aid
$13,190
Receiving aid
99%

Admissions

Acceptance rate
44%
SAT range
1080–1310
ACT range
20–29

Outcomes

Graduation rate
57%
Median salary
$67,904
1 yr after graduation

What is the cost of studying for a year at New Mexico Institute of Mining and Technology?

For 2024-25, reported full-time undergraduate tuition and required fees totaled $9,476 for New Mexico residents: $7,894 in tuition plus $1,582 in fees. For nonresidents, the corresponding total was $27,247, comprising $25,665 in tuition and the same reported fees.

  • Reported annual room and board: $10,350.
  • Reported books and supplies: $1,000.
  • Tuition, fees, room and board, and books combined: about $20,826 for a resident or $38,597 for a nonresident, using these 2024-25 figures.

Those combined figures are not a complete cost-of-attendance budget: transportation, personal expenses, and individual living arrangements can change the total. Part-time undergraduate tuition was reported at $329 per credit for residents and $1,069 for nonresidents. Graduate rates differ, so graduate applicants should not use the undergraduate totals as their budget.

Published charges also differ from net price - the estimated cost after grant and scholarship aid. In the reporting, average net price was $7,640 for students from families earning no more than $48,000 and $10,106 for those in the next reported income band, through $75,000. These are group averages, not offers to individual families. Reported aid reached 99% of students, while 31% had student loans; an aid package can contain grants, loans, and other forms of support with very different repayment implications. Eligible students should complete the FAFSA and check New Mexico Tech's current scholarship instructions and deadlines, including eligibility for state programs such as New Mexico's Lottery and Opportunity scholarships.

What are the work-study opportunities at New Mexico Institute of Mining and Technology?

New Mexico Tech students can pursue part-time employment as well as career-related experience, but a campus job, a Federal Work-Study award, and an internship are not interchangeable. Federal Work-Study is need-based financial aid for eligible students with an award; it typically requires finding a job and earning wages through hours worked, rather than receiving the full award automatically.

Students interested in work should review their aid offer and current campus job postings, then confirm a position's pay, hours, and Work-Study eligibility before relying on its income for expenses. Research groups and academic offices may offer other paid roles, subject to openings and qualifications. An internship may provide academic or professional experience without being a Work-Study position, and New Mexico Tech does not report requiring an internship of every student.

Career support includes individual and group counseling, résumé preparation, interview preparation, job fairs, employer recruitment, and a job bank. Reported services also include opportunities for undergraduates to connect with alumni for career networking. These services can help with a search; they should not be confused with a verified employment or job-offer outcome.

New Mexico Institute of Mining and Technology Tuition and Fees

In-state tuition & fees
$10,084
Out-of-state tuition & fees
$27,377
Tuition
$8,372
Fees
$1,712
Room and board
$10,350
Books and supplies
$1,000

Total Cost

Cost of attendance per year
$26,354
Tuition & fees
$10,084
Housing, food, books & other
$16,270

99% of undergraduates receive aid, $13,190 on average

New Mexico Institute of Mining and Technology Cost of Living

Yearly living expenses by where students live

On campus
$16,078
Off campus, not with family
$16,078
Off campus, with family
$5,728

New Mexico Institute of Mining and Technology Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$5,136
$30,001–48,000
$7,640
$48,001–75,000
$10,106
$75,001–110,000
$14,753
Over $110,000
$13,464

New Mexico Institute of Mining and Technology Room and Board Cost

Total dormitory capacity

807

Institution provide on-campus housing

Yes

New Mexico Institute of Mining and Technology Financial Aid

Undergraduate average amount

$13,190

All

$13,376

Students Receiving Financial Aid

Share of undergraduate students
99%

New Mexico Institute of Mining and Technology Grants, Loans and Debt

Students receiving Pell Grants
30%
Students with federal loans
31%
Median debt at completion
$13,892

New Mexico Institute of Mining and Technology Military and Veterans Benefits

Undergraduate average amount

$5,631

Graduate average amount

$4,271

Data last updated on November 5, 2026

Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026

Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.

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