How much is the New Mexico Tech tuition? For the academic year 2023-2024, New Mexico Tech's tuition & fees is $9,058 for New Mexico residents and $26,312 for out-of-state students.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $23,068 for New Mexico residents and $40,322 for out-of-state students when a student lives on-campus.
New Mexico Tech Tuition & Expenses
| 2022-2023 Rate |
|---|
| New Mexico Residents Tuition & Fees | $9,058 |
|---|
| Out-of-State Tuition & Fees | $26,312 |
|---|
| Books & Supplies Costs | $800 |
|---|
| On-campus Room & Board | $8,332 |
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| On-campus Expenses | $4,878 |
|---|
| Off-campus Room & Board | $8,332 |
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| Off-campus Expenses | $4,878 |
|---|
| 2023-2024 Estimates |
|---|
| New Mexico Residents Tuition & Fees | $9,739 |
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| Out-of-State Tuition & Fees | $28,545 |
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How Much Does it Cost to Go to New Mexico Tech for 4 Years?
For the class of 2027, who entering colleges in 2023, the 4 years tuition & fees is $105,248 at New Mexico Tech. The estimated tuition rate is based on the changes over last 5 years. With room & board, books, and other personal expenses, the estimated 4 years costs of attendance is $173,295. After receiving financial aid including grants, scholarships, and/or student loans, the 4 years COA is down to $131,175.
The following table computes the 4 years tuition and COA by class of year.
Average Tuition By School Type and Comparison
Compared to four-years schools nationwide, New Mexico Tech' tuition is much higher than the average tuition of $12,960. Compared to public, four-years colleges in New Mexico, its tuition is much higher than the average tuition of $8,317.
| In-State | Out-of-State |
|---|
| New Mexico Institute of Mining and Technology | $9,058 | $26,312 |
|---|
| U.S. Four-years Colleges | $18,672 |
|---|
| Public Schools | $7,199 | $12,960 |
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| Private Schools | $20,937 |
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| New Mexico Four-years Colleges | $14,763 |
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| Public Schools | $3,799 | $8,317 |
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| Private Schools | $21,983 |
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Compare Similar School's Tuition
The next table compares the tuition & fees between New Mexico Tech and similar schools. The similar colleges are selected by school type & level (public, four-years), ranking, and comparison frequency by our users. The comparison is based on 2022-2023 tuition rate.
| Location | In-State | Out-of-State |
|---|
| New Mexico Institute of Mining and Technology | Socorro, NM | $9,058 | $26,312 |
|---|
| The University of Texas at Tyler | Tyler, TX | $9,920 | $25,198 |
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| California State Polytechnic University-Pomona | Pomona, CA | $7,439 | $19,319 |
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| Truman State University | Kirksville, MO | $9,470 | $17,870 |
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| Towson University | Towson, MD | $11,306 | $28,326 |
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| Southern Oregon University | Ashland, OR | $12,093 | $30,723 |
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| The College of New Jersey | Ewing, NJ | $18,685 | $24,568 |
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| Dakota State University | Madison, SD | $9,633 | $12,735 |
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| University of Illinois Springfield | Springfield, IL | $12,252 | $22,017 |
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| Saginaw Valley State University | University Center, MI | $12,240 | $28,752 |
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| Fort Hays State University | Hays, KS | $5,633 | $16,811 |
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Tuition Trends Over Past 10 Years
The undergraduate tuition & fees of New Mexico Institute of Mining and Technology has increased by 54.11% over the past 10 years from $17,073 to $26,312. The graduate tuition & fee has increased by 59.32% from $17,482 to $27,852.
The living costs increased by 10.38% last year and 10.14% over the past 10 years.
Financial Aid and COA
At New Mexico Institute of Mining and Technology, 1,034 students (83%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $10,530.
After receiving financial aid, the cost of attendance (COA) at New Mexico Tech is $29,792 for students living on-campus and $29,792 for students living off-campus.
For beginning students (i.e. first-time freshmen), 293 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $10,293 and the average amount of student loans is $4,925.
The financial aid data is based on 2021-2022 statistics from IPEDS.
Admission Stats and Requirements to Apply
New Mexico Tech's acceptance rate is 96.72%. A total of 1,006 applicants applied to and 973 students were accepted. Of the admitted students, 301 enrolled finally, and the yield (i.e. enrollment rate) is 30.94%.
To apply to New Mexico Tech, 4 items are required - Secondary school GPA, Secondary school record, Admission test scores and TOEFL (Test of English as a Foreign Language) and 3 items are recommended to submit - Secondary school rank, Completion of college-preparatory program and Recommendations.
SAT and ACT Scores
The SAT and ACT scores are required to apply to New Mexico Tech. The average SAT score of the enrolled first-time students is 1,215 and the average ACT score (ACT composite) is 26.
Its SAT score is similar to the national average score of 1,174. The ACT score is similar to the national average score of 25.
| Average | 25th | 75th |
|---|
| SAT Total | 1,215 | 1,110 | 1,320 |
|---|
| National Average | 1,174 | | |
|---|
| New Mexico Average | 1,104 | | |
|---|
| SAT EBRW | 605 | 550 | 660 |
|---|
| SAT Math | 610 | 560 | 660 |
|---|
| ACT Composite | 26 | 23 | 29 |
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| National Average | 25 | | |
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| New Mexico Average | 23 | | |
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| ACT Math | 26 | 23 | 29 |
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| ACT English | 25 | 22 | 28 |
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Student Population
New Mexico Institute of Mining and Technology has a total of 1,689 students including 1,218 undergraduate and 471 graduate students. By gender, there are 1,144 male students and 590 female students attending New Mexico Tech. The school offers online degree programs and 112 students enrolled online exclusively (6.63% of all students).
| Total | Male | Female |
|---|
| Total | 1,734 |
1,144 | 590 |
|---|
| Undergraduate | 1,244 |
847 | 397 |
|---|
| Graduate | 490 |
297 | 193 |
|---|
Directory & Academic Information
| Directory Information |
|---|
| Address | 801 Leroy Place, Socorro, NM |
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| Phone | 800-428-8324 |
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| WEB | www.nmt.edu/ |
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| Degree & Programs |
|---|
| Degree | Undergraduate, Graduate |
|---|
| Program Offered | 61 Programs |
|---|
| Online Program Offered | 2 Online Programs |
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| Graduate Program Offered | 31 Graduate Programs |
|---|
| Academic Stats |
|---|
| Acceptance Rate | 53.96% |
|---|
| Yield | 37.00% |
|---|
| Student Population | 1,689 |
|---|
| Graduation Rate | 55% |
|---|
| Transfer-out Rate | 26% |
|---|
| Retention Rate | 75% (Full-time), 20% (Part-time) |
|---|
| Students to Faculty Ratio Rate | 9 to 1 |
|---|
| Faculty & Staffs |
|---|
| Number of Faculties | 135 (Full-time), 36 (Part-time) |
|---|
| Number of Staffs | 743 (Full-time), 88 (Part-time) |
|---|
| Average Faculty Salary | $81,975 |
|---|
| Average Staff Salary | $56,649 |
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