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New Mexico Institute of Mining & Technology

Tuition & Aid
Bottom line

New Mexico Tech offers outstanding preparation in science, engineering, and technology related fields. Undergrads may have opportunities to assist professors with research projects; there are also many opportunities to gain experience while working on campus. With only 1400 total students, and just more than 300 freshmen becoming a part of the Institute every year, the school is able to provide an excellent faculty-to-student ratio of 11:1. This allows close relationships with professors, enabling students to make the most of time spent in the classroom. And fortunately for all undergrads, 99 percent of Tech’s full-time faculty has earned doctoral degrees. All of these points certainly help lead to the following fact: the annual salary of NMT graduates ranks in the top 15 percent of more than 599 universities in the nation. New Mexico Institute tries to stay ahead of the curve in many ways; for instance, The Institute for Complex Additive Systems Analysis (ICASA) opened in the late 1990s to study, research and combat cyberterrorism and computer-based crime.
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Visiting And Contact Information

Campus Station

801 Leroy Place

Socorro, NM 87801

United States

Phone: 575-835-5424

Fax: 575-835-5989

Website

Expenses per Academic Year
Out-of-State Tuition:$16,405
On-Campus Room and Board:$7,178
Average Cost for Books and Supplies:$1,054
Required Fees:$668
Other Expenses:$1,714
Estimate Transportation for Commuters (living at home):$3,202.00
Estimate Transportation for Commuters (not living at home):$3,202.00
Cost Per Credit-Hour (In-State):$210.23
Cost Per Credit-Hour (Out-of-State):$683.56
Tuition / Fees Vary by Year of Study:No

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Financial Aid Statistics
Financial Aid Rating: 88
Average Percent of Need Met:80%
Average Total Financial Aid Package:$11,806.07
Average Freshman Total Need-Based Gift Aid:$6,183.16
Average Undergraduate Total Need-Based Gift Aid:$5,808.72
Average Need-Based Loan:$4,416.38
Average amount of loan debt per graduate:$19,879.69
Undergraduates who have borrowed through any loan program:46%

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Available Aid
Financial Aid Methodology Used:Federal
Scholarships and Grants:Federal Pell
SEOG
State Scholarships / Grants
Private Scholarships
College / University Scholarships
Federal Direct Student Loan Programs:Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct PLUS Loans
Federal Family Education Loan Program (FFEL):Federal Perkins Loans
Is Institutional Employment Available (other than Federal Work Study):Yes
Direct Lender:No

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Financial Aid for International Students
Financial Aid Policy for International Students:Non-need-based scholarship or grant aid is available
Average Undergraduate Total Need-Based Aid:$13,359.92
Required Financial Aid Forms:International Student's Certification of Finances

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Financial Aid Application Process
Financial Aid Application Deadline:Rolling Basis
Freshman Financial Aid Notification Date:Rolling Basis
Notification Begins:05/01
Required Forms:FAFSA
Financial Aid Office Phone Number:575-835-5333

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Key Statistics

Tuition and Aid

  • Out-of-State Tuition:
    $16,405
  • On-Campus Room and Board:
    $7,178
  • Avg % of Need Met:
    80%
  • Avg Financial Aid Package:
    $11,806.07
  • Financial Aid Application Deadline:
    Rolling Basis
  • Financial Aid Notification Date:
    Rolling Basis
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