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New Mexico Institute of Mining and Technology

801 Leroy Place, Socorro, NM 87801, USA

New Mexico Institute of Mining and Technology award
New Mexico Institute of Mining and Technology award
US ranking
position: 1036
Tuition & fees per year: N/A
Acceptance rate: 54.00%
Median alumni salary: $60,931
Avg. SAT and ACT: 1215 SAT, 26 ACT
Entrance difficulty: Moderate

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

New Mexico Institute of Mining and Technology offers undergraduate tuition for full-time in-state or in-district students at a notably low rate of $7,664 annually, placing it in the bottom 20% percentile nationally, indicating a relatively affordable option compared to many other institutions. Fees for these students are moderately priced at $1,394 per year, ranking near the median range.

For out-of-state full-time undergraduates, tuition rises significantly to $24,918, which situates the cost within the lower 40% of national tuition expenses. The out-of-state fee remains consistent with the in-state fee at $1,394.

Graduate students who are in-state or in-district face tuition costs of $8,005 annually, also in the lower 25% bracket nationally, while fees are somewhat higher at $1,373, ranking in the top 40%. However, out-of-state graduate tuition climbs to $26,479, placing it in the top 30% tier of expense, with fees not changing substantially from in-state levels.

Part-time hourly charges show a similar pattern of affordability for in-state students, with undergraduate rates at $319 per credit hour and graduate rates at $445 per credit hour, both on the lower end relative to national peers. Out-of-state part-time undergraduate and graduate credit hour rates increase to $1,038 and $1,471 respectively, reflecting a higher but still mid to upper-tier cost.

The availability of on-campus housing accommodates about 807 students, which is considered average in capacity. Although specific room and board charges were not disclosed, it is confirmed that on-campus housing is offered, potentially adding convenience and value for residents choosing to live on campus.

When compared against average annual costs in the United States, New Mexico Institute of Mining and Technology's in-state tuition and fee charges are substantially lower than the average $25,707 for in-state students at four-year public institutions. Out-of-state tuition and fees remain beneath the average $44,014 for out-of-state students nationally, indicating a comparatively moderate cost structure for many prospective students.

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

New Mexico Institute of Mining and Technology offers a variety of work-study opportunities intended to assist students financially while enriching their academic experience. On-campus employment options are available across numerous departments, allowing students to gain practical skills and professional experience relevant to their fields of study. These positions often involve research assistance, laboratory support, administrative tasks, and technical services, providing a well-rounded environment for work and learning.

Students participating in work-study programs typically receive compensation that aligns with standard wages for student employees, although specific pay rates were not detailed. International students can also engage in certain work-study roles, though their employment is subject to federal regulations and visa restrictions, which the institution helps clarify during orientation and advising.

Beyond campus jobs, New Mexico Institute of Mining and Technology facilitates internships that complement academic curricula, fostering direct industry or research exposure. These internships serve as valuable opportunities for students to build professional networks and gain experience in mining, engineering, and technological sectors.

New Mexico Institute of Mining and Technology Room and Board Cost

Total dormitory capacity

807

Institution provide on-campus housing

Yes

Institution provides board or meal plan

Data not available

New Mexico Institute of Mining and Technology Tuition Plans

Any alternative tuition plans offered by institution

Data not available

Tuition guaranteed plan

Data not available

Prepaid tuition plan

Data not available

New Mexico Institute of Mining and Technology Financial Aid

Undergraduate average amount

$12,776

All

$13,507

Number of Students Receiving Financial Aid

99 %

New Mexico Institute of Mining and Technology Military and Veterans Benefits

Undergraduate average amount

$6,358

Graduate average amount

$2,988

New Mexico Institute of Mining and Technology Federal Financial Aid

Students awarded Title IV federal financial aid (2023-2024)

Average net price (income 30,001-48,000)-students awarded Title IV federal financial aid, 2018-19

$5,067

Average net price (income 48,001-75,000)-students awarded Title IV federal financial aid, 2018-19

$8,676

Average net price (income 75,001-110,000)-students awarded Title IV federal financial aid, 2018-19

$11,907

Average net price (income over 110,000)-students awarded Title IV federal financial aid, 2018-19

$12,207