New Mexico Institute of Mining and Technology prices affordably across income levels, with costs that shift meaningfully by family financial situation. Low-income families pay approximately $5,136 per year in net price, middle-income families see annual costs around $10,106, and higher-income families pay closer to $13,464.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $24,967 |
| Tuition and Fees | $27,247 |
| Room and Board | $10,350 |
| Books and Supplies | $800 |
| Average Financial Aid (Grants and Scholarships) | -$15,094 |
| Average Net Price (What Families Pay) | $9,873 |
| Family Income | Net Price |
|---|---|
| $0–30k | $5,136 |
| $30–48k | $7,640 |
| $48–75k | $10,106 |
| $75–110k | $14,753 |
| $110k+ | $13,464 |
New Mexico Institute of Mining and Technology prices affordably across income levels, with costs that shift meaningfully by family financial situation. Low-income families pay approximately $5,136 per year in net price, middle-income families see annual costs around $10,106, and higher-income families pay closer to $13,464. Azimuth ranks New Mexico Institute of Mining and Technology #120 for post-graduation affordability among nonprofit four-year institutions. That standing reflects the institution's public-tuition structure and its ability to direct need-based aid toward students who need it most. New Mexico Tech's engineering and science focus draws a student body that tends to borrow purposefully and graduate into fields with strong early-career demand. The net price illusion is worth keeping in mind here: the published cost of attendance of $24,967 overstates what most families actually pay, particularly at lower income levels where institutional and federal aid close a substantial portion of the gap. Families applying for aid use the FAFSA, and the institution participates in federal Pell Grants, Direct Loans, and state aid programs available to New Mexico residents. Median federal student loan debt at graduation is $19,085, and families using Parent PLUS borrow a median of $17,000; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the for how household context shapes PLUS decisions. For a graduate at the institution's median four-year earnings of $85,232, median federal debt of $19,085 projects to a monthly payment of about $216 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use .
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
How cost compares to graduate earnings and value added.
Graduates of New Mexico Institute of Mining and Technology earn median 4-year earnings of $85,232, placing New Mexico Institute of Mining and Technology in the 87.7 percentile for median earnings four years after enrollment among nonprofit four-year institutions. Graduates earn about $15,168 more than similar students at comparable institutions, placing the institution in the 92.6 percentile for earnings beyond expectations among nonprofit four-year institutions. Azimuth ranks New Mexico Institute of Mining and Technology #98 for return on investment among nonprofit four-year institutions. Program outcomes vary by major. Mechanical Engineering reports 47 graduates and median 4-year earnings of $98,213, ranked #34 nationally in its major. Biology, General reports 22 graduates and median 4-year earnings of $48,211, ranked #319 nationally in its major. Chemical Engineering reports 21 graduates and median 4-year earnings of $85,900, ranked #116 nationally in its major. Electrical, Electronics, and Communications Engineering reports 17 graduates and median 4-year earnings of $117,813, ranked #16 nationally in its major.
