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New Mexico Institute of Mining and Technology is a public regional university located in Socorro, New Mexico. New Mexico Institute of Mining and Technology is very inclusive in their admissions.
Return on educational investment at New Mexico Institute of Mining and Technology is in the top 25% of all ranked schools. The median student earns $64,650 10 years after enrolling, 1st in New Mexico, and in the top 25% nationally. When adjusted for earning differences by major, New Mexico Institute of Mining and Technology bachelor students earn 12% less than the national average. New Mexico Institute of Mining and Technology is ranked 1st in New Mexico.
New Mexico Institute of Mining and Technology’s median net annual cost of $14,836 and average years to graduate of 4.9 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at New Mexico Institute of Mining and Technology sorted by number of graduates - Mechanical Engineering, Electrical Engineering, Chemical Engineering, Industrial Engineering, Civil Engineering, Computer science - are shown below.
Annual net cost
$14,836
Average years to graduate
4.9
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.9 years. 56% of all students graduate within 8 years including part-time students. The graduation rate at New Mexico Institute of Mining and Technology is 9% higher than the state average, and 1% below the average for all regional universities in the country.
At New Mexico Institute of Mining and Technology, Pell Grant recipients represent 33% of the measured graduating class, 2% lower than the national average of 35%. The average Pell Grant recipient at New Mexico Institute of Mining and Technology graduates within 5.1 years.
New Mexico Institute of Mining and Technology is in the bottom 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
New Mexico Institute of Mining and Technology’s economic mobility score of 31.08 is calculated by adjusting the 0.75 economic score of lower-income students by the 33% pell grant recipients within the student body. New Mexico Institute of Mining and Technology’s EMS of 31.08 ranks in the top 10% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 10%
The average Title IV recipient at New Mexico Institute of Mining and Technology pays $14,836 a year, $6,247 less than the $21,083 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $14,836
Much of the gap between net price and sticker price is filled by institutional and government grants. At New Mexico Institute of Mining and Technology, 96% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $14,836 on average to be covered by the student – be it through loans or out of pocket. In total, 47% of students take out loans, federal or private, at an average amount of $5,310. This is 7% less than the national average.
Federal grants
$4,905
Pell grants
$5,034
State grants
$3,408
Institutional grants
$3,821
New Mexico Institute of Mining and Technology's very inclusive admissions are indicated by their 97% acceptance rate. In 2021, the school had 1,006 applicants, of which 973 were admitted and 301 enrolled. New Mexico Institute of Mining and Technology has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
97%
83%
Female
25%
59%
First time
69%
59%
In-state
86%
68%
1st generation
26%
35%
White
55%
52%
Black
1%
14%
Hispanic
28%
15%
Asian
4%
5%
American Indian
4%
1.6%
Pacific Islander
N/A
0.3%
Other
8%
12%