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-to-earnings data not available.
How cost compares to graduate earnings and value added.
Graduates of New Mexico Institute of Mining and Technology earn median earnings of $85,232 four years after enrollment, 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. That figure sits below the $52,536 median at comparable institutions (same control and size band). 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. Those figures still represent lifetime returns relative to NM's no-degree-equivalent earnings baseline of $29,897 (the state median earnings of working adults without a postsecondary credential). While institution-level median earnings track NM's regional labor market, specific programs deliver materially stronger outcomes. Mechanical Engineering combines the largest cohort scale with strong earnings, anchoring the return story. Azimuth ranks Mechanical Engineering #32 nationally among nonprofit four-year institutions , with 47 graduates earning median earnings of $98,213 four years after enrollment — 1.1x the national benchmark for the field. Biology, General ranks #309 nationally among nonprofit four-year institutions with graduates earning median earnings of $48,211, and Chemical Engineering ranks #109 nationally among nonprofit four-year institutions with median earnings of $85,900. Engineering is the dominant program family, with Engineering accounting for 57% of degrees and other STEM fields representing 12%, concentrating graduates in technical fields where individual program outcomes often exceed the institutional average.
