Cost Details
- In-State Tuition
- $6,990
- Out-of-State Tuition
- $14,042
- Average Net Price
- $4,686
- Students Receiving Financial Aid
- 25.7%
- Room & Board (On Campus)
- $6,531
- Books & Supplies
- $1,100
- Total Cost of Attendance
- $14,621
- Median Debt at Graduation
- $5,500
- Estimated Monthly Loan Payment
- $58/mo
- Loan Repayment Rate
- 46.7%
- Students Taking Federal Loans
- 5.4%
- Pell Grant Recipients
- 25.7%
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 | $2,748 |
| $30,001 – $48,000 | $4,263 |
| $48,001 – $75,000 | $5,727 |
| $75,001 – $110,000 | $15,409 |
| $110,001+ | $9,685 |
Cost Estimator
Cost Overview
Most families pay far less than the $14,621 sticker price at New Mexico Military Institute. The average net cost is just $4,686 per year. Low-income families earning under $30,000 pay only $2,748 annually, while middle-class families earning $30,000-$48,000 pay $4,263. Even families earning $48,000-$75,000 pay just $5,727. That translates to roughly $18,744 for a two-year associate degree for most students.
Debt loads stay manageable at this military junior college. The median debt of $5,500 means monthly payments of just $58 after graduation. With median earnings hitting $42,880 five years out, graduates can comfortably handle repayment. Nearly half of students receive institutional grants averaging $10,331, which dramatically cuts costs. Low-income students get the best deal here, paying less than community college rates while receiving military-style discipline and college prep training that sets them up for four-year transfer success.
Debt loads stay manageable at this military junior college. The median debt of $5,500 means monthly payments of just $58 after graduation. With median earnings hitting $42,880 five years out, graduates can comfortably handle repayment. Nearly half of students receive institutional grants averaging $10,331, which dramatically cuts costs. Low-income students get the best deal here, paying less than community college rates while receiving military-style discipline and college prep training that sets them up for four-year transfer success.
Official Net Price Calculator
Get a personalized cost estimate from New Mexico Military Institute:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.