Cost Details
- In-State Tuition
- $9,058
- Out-of-State Tuition
- $26,312
- Average Net Price
- $8,265
- Students Receiving Financial Aid
- 30.9%
- Room & Board (On Campus)
- $9,614
- Room & Board (Off Campus)
- $9,614
- Books & Supplies
- $800
- Total Cost of Attendance
- $19,472
- Median Debt at Graduation
- $19,085
- Estimated Monthly Loan Payment
- $202/mo
- Loan Repayment Rate
- 72.7%
- Students Taking Federal Loans
- 35.1%
- Pell Grant Recipients
- 30.9%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $3,970 |
| $30,001 – $48,000 | $5,067 |
| $48,001 – $75,000 | $8,676 |
| $75,001 – $110,000 | $11,907 |
| $110,001+ | $12,207 |
Cost Estimator
Cost Overview
Most families pay far less than the $19,472 sticker price at New Mexico Tech. Students from families earning under $30,000 pay just $3,970 annually after aid. Those from middle-class families earning $48,000-$75,000 pay $8,676 per year. Even high-earning families above $110,000 pay only $12,207 annually. Over four years, costs range from $15,880 to $48,828 depending on family income.
Graduates leave with a manageable $19,085 in median debt, translating to $202 monthly payments. With median earnings hitting $60,931 in the first year after graduation, loan payments consume just 4% of typical graduate income. The 72.68% loan repayment rate reflects the strong earning power of Tech's engineering and science programs. In-state students get the best financial deal, comprising 86% of enrollment and benefiting from the low $9,058 tuition rate at this specialized mining and technology institute.
Graduates leave with a manageable $19,085 in median debt, translating to $202 monthly payments. With median earnings hitting $60,931 in the first year after graduation, loan payments consume just 4% of typical graduate income. The 72.68% loan repayment rate reflects the strong earning power of Tech's engineering and science programs. In-state students get the best financial deal, comprising 86% of enrollment and benefiting from the low $9,058 tuition rate at this specialized mining and technology institute.
Official Net Price Calculator
Get a personalized cost estimate from New Mexico Institute of Mining and Technology:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.