Socorro, NM Overview
New Mexico Institute of Mining and Technology is a public 4-year college located in Socorro, New Mexico. There are currently 1,160 undergraduates at New Mexico Tech and the school’s acceptance rate is 74%. The tuition at New Mexico Tech is $9,058 for in-state students and $26,312 for out-of-state.
Student Body
Undergraduate Students
1,160
Pell Grant 32%
Undergrad Students Over 25 11%
Part-Time Undergrad Students 6%
Percent Male / Female 71% / 29%
Ethnic Diversity at New Mexico Tech
47% White
41% Hispanic
3% American Indian / Alaska Native
3% Asian / Pacific Islander
3% Multiracial
1% International / Non-Citizen
1% Black
1% Unknown
Academics Snapshot
Student/Faculty Ratio
9:1
Graduation Rate
55%
Popular Majors
Percent of Students
Engineering
56%
56% of graduates
Computer & Information Sciences
14%
14% of graduates
Physical Sciences
12%
12% of graduates
Biological & Biomedical Sciences
10%
10% of graduates
English Language & Literature
2%
2% of graduates
Liberal Arts & Humanities
1%
1% of graduates
Mathematics
1%
1% of graduates
Engineering
1%
1% of graduates
Psychology
1%
1% of graduates
Scholarships & Financial Aid Snapshot
$23,068
$34,881
$5,441
Cost Breakdown
In-State
In-State Estimated Cost:
$23,068for the 2023-2024 Academic Year
Out-of-State
Out-Of-State Estimated Cost:
$40,322for the 2023-2024 Academic Year
Since New Mexico Tech is a public university, there are different costs for in-state students and out-of-state students. The sticker price at New Mexico Tech is $23,068 for in-state students in NM, and $40,322 for out-of-state students. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
College costs can look different for every student based on their financial situation. To get a more accurate picture of what tuition at New Mexico Tech would look like for you, try entering your financial information into their Net Price Calculator.
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New Mexico Institute of Mining and Technology Financial Aid
Students who are applying for financial aid at New Mexico Institute of Mining and Technology need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for New Mexico Institute of Mining and Technology is 002654.
If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.
Western Undergraduate Tuition Exchange
New Mexico Tech is in a state that participates in the Western Undergraduate Tuition Exchange program. That means if you are a resident of Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, or Wyoming, you may be eligible for discounted tuition at New Mexico Tech. Check out the full list of requirements and participating schools on their website.
Pell Grants at New Mexico Institute of Mining and Technology
34% of students at New Mexico Institute of Mining and Technology receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to New Mexico Institute of Mining and Technology.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
New Mexico Tech students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:
Admissions Snapshot
74%
26
Coalition Colleges
New Mexico Tech is a Coalition Member College, which means they have completed a vigorous vetting process from the Coalition for College to ensure that they “provide substantial support to lower-income, under-resourced and/or first-generation students; offer responsible student financial aid; and demonstrate a commitment to student graduation.” That also means you can apply to New Mexico Tech via the Coalition Application. The Coalition Application makes it easy to obtain application fee waivers if you qualify. It’s also a great way to discover other colleges that have demonstrated a strong commitment to affordability and strong student outcomes.
Does New Mexico Institute of Mining and Technology charge an application fee?
Good news! New Mexico Institute of Mining and Technology does not charge application fees, so you can apply for free. If you think there is any chance you’d like to attend New Mexico Institute of Mining and Technology, consider sending in an application since it will not cost you anything.
Is New Mexico Tech test-optional?
New Mexico Institute of Mining and Technology is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.
Student Outcomes Snapshot
Graduate Income
$76,489
Median Debt $19,085
Debt 10 years after graduation $202
Graduation Rate 55%
What is the graduation rate at New Mexico Institute of Mining and Technology?
55% of students who start at New Mexico Institute of Mining and Technology end up finishing their degree within six years of enrolling. This is 3% less than the national median. A higher graduation rate indicates that students have better experiences at an institution.
How much do graduates of New Mexico Institute of Mining and Technology go on to earn?
10 years after starting school at New Mexico Institute of Mining and Technology, the median earnings among students who received federal financial aid was $76,489. This is $26,098 more than the national median.
Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.
How much do students at New Mexico Tech take out in loans?
Graduates of New Mexico Tech have to take out a median of $19,085 in federal student loans. This is $5,585 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.
Data Sources
We strive to provide users with the most up-to-date information and source data from publicly available sources, including the College Scorecard and directly from the colleges. College statistics can change throughout the year, but we do our best to update them as quickly as possible. If you see an error, feel free to contact us.
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