New Mexico Institute of Mining and Technology
Tuition, net price, acceptance rate, SAT/ACT scores, graduation rate, and graduate salary · Socorro, New Mexico
Net price / year
$9,873
after grants & scholarships
lower than 73% of public 4-year colleges
Acceptance rate
44%
Graduation rate
57%
within 150% of normal time
higher than 71% of public 4-year colleges
Median earnings
$85,232
4 years after graduating
higher than 97% of public 4-year colleges
New Mexico Institute of Mining and Technology at a glance
- What is the tuition at New Mexico Institute of Mining and Technology?
- In-state undergraduate tuition and fees are $9,476 for the 2024-25 academic year, or $27,247 for out-of-state students.
- What is the cost of attendance at New Mexico Institute of Mining and Technology?
- The average cost of attendance is $24,967 a year before financial aid (2023-24), counting tuition, books, housing and other living expenses.
- What is the net price at New Mexico Institute of Mining and Technology?
- The average net price for in-state students is $9,873 a year after grants and scholarships (2023-24).
- What is the acceptance rate at New Mexico Institute of Mining and Technology?
- About 44% of applicants were admitted (fall 2024).
- What SAT and ACT scores are typical at New Mexico Institute of Mining and Technology?
- The middle 50% of admitted students who submitted scores had an SAT total of about 1080–1310 and an ACT composite of 20–29 (fall 2024). Test policy reported: Tests required.
- What is the graduation rate at New Mexico Institute of Mining and Technology?
- 57% of first-time, full-time students finish within 150% of normal time, or 6 years (entering classes through fall 2018).
- How much do graduates of New Mexico Institute of Mining and Technology earn?
- The median graduate earns $85,232 four years after finishing, among graduates working and not enrolled (2024 dollars).
Key takeaways
- Graduates earn a median $85,232 four years after finishing, more than 97% of public 4-year colleges.
- The earnings premium over a typical high-school graduate would cover the estimated net cost in about 0.7 years of work (not counting income forgone while studying).
- Families earning under $30,000 pay about $5,136 a year on average, versus $13,464 for families earning over $110,000.
- At $9,873 a year, the average net price is lower than 73% of public 4-year colleges.
- The acceptance rate is 44%, so admission is selective.
Tuition and cost of attendance at New Mexico Institute of Mining and Technology
Average net price (in-state)
$9,873 per year
Cost of attendance minus average grants and scholarships, for first-time full-time students receiving federal aid.
Estimated total net cost
$39,492
Net price × 4 years, at today's prices and assuming on-time completion. Your actual cost depends on your aid.
Net price by family income
Average yearly net price for students receiving federal aid.
- $0–30k $5,136
- $30–48k $7,640
- $48–75k $10,106
- $75–110k $14,753
- $110k+ $13,464
Where the sticker price goes· Cost of attendance $24,967
- Tuition & fees$9,476
- Books & supplies$800
- Room & board$10,350
- Other expenses$5,728
- Tuition & fees (in-state)
- $9,476
- Tuition & fees (out-of-state)
- $27,247
New Mexico Institute of Mining and Technology acceptance rate and SAT/ACT scores
Acceptance rate
Share of applicants admitted.
Test policy: Tests required
Graduation rate and salary after graduating from New Mexico Institute of Mining and Technology
Graduation rate
57%
First-time, full-time students finishing within 150% of normal time.
Retention rate
77%
Full-time first-years who return the next fall.
Typical monthly payment
$202
On a standard 10-year federal plan.
Years of earnings premium to cover cost
0.7 years
Net cost ÷ (graduate earnings − high-school graduate earnings). Excludes income forgone while studying and assumes today's earnings. A rough guide, not a prediction.
Earnings vs debt
Of graduates working and not enrolled, in 2024 dollars.
- Debt-to-earnings
- 0.2×Median debt divided by median earnings 4 years after graduating.
- Share of pay going to loans
- 2.8%
- 3-year loan default rate
- 0%
Outcomes by student group
The Scorecard reports some outcomes separately for groups of students. A group is left out when it is too small to report. These are school-level figures and say nothing about any individual student.
Completion within 150% of normal time, by group
Share of students who entered in 2018 and completed within 150% of normal time (six years at a four-year college, three at a two-year college).
All students, same entering cohort: 57%
Group rates and the all-student rate come from the same 2018 entering cohort, so they can be compared directly. Groups at small colleges can rest on very few students. Data period: Entering cohort 2018 (IPEDS).
Earnings ten years after entry
All students who entered this college, whether or not they graduated, in 2022 dollars, ten years after entry.
Typical range: middle half of students
25th percentile $40,447 · median $76,489 · 75th percentile $109,428
Median by family income
Median by sex
This is not the same as the graduates' earnings shown above. It covers everyone who entered, including students who left without a degree, ten years after entry and in 2022 dollars. The graduates' figure covers only completers, four years after finishing, in 2024 dollars. Do not compare the two directly.
Data period: Students who entered in academic years 2009-10 and 2010-11 (pooled), earnings measured in 2020 and 2021, 2022 dollars (Treasury).
Median federal student debt, by group
Median federal loan debt of students who borrowed, when they left school, by group.
By Pell Grant status
By first-generation status
By family income
By gender
Data period: Loans in fiscal years 2020 and 2021 (pooled, NSLDS).
Programs and majors at New Mexico Institute of Mining and Technology ranked by earnings
| Program | Earnings, 4 yrs after | Earnings over time | Compared with the U.S. median for this field | Median debt |
|---|---|---|---|---|
| Electrical, Electronics, and Communications Engineering Bachelor's · Graduates: 18 Small sample | $117,813 | 1 yr$73,3004 yrs$117,813 | U.S. median $100,647 U.S. middle half $84.6K–$122.4K · Above the U.S. median | $15,981 |
| Bachelor's · Graduates: 80 | $98,213 | 1 yr$57,4244 yrs$98,2135 yrs$100,852 | U.S. median $92,135 U.S. middle half $77.7K–$109.1K · Above the U.S. median | $19,500 |
| Computer and Information Sciences, General Bachelor's · Graduates: 32 | $95,750 | — | U.S. median $92,374 U.S. middle half $64.2K–$128.2K · Above the U.S. median | $16,918 |
| Petroleum Engineering Bachelor's · Graduates: 43 | $95,234 | 1 yr$42,3254 yrs$95,234 | U.S. median $104,823 U.S. middle half $80.7K–$146.7K · Below the U.S. median | $24,000 |
| Bachelor's · Graduates: 32 | $85,900 | 1 yr$57,2154 yrs$85,900 | U.S. median $98,158 U.S. middle half $80.3K–$118K · Below the U.S. median | $15,000 |
| Bachelor's · Graduates: 17 Small sample | $48,211 | — | U.S. median $57,214 U.S. middle half $38.9K–$79.2K · Below the U.S. median | — |
Earnings are for graduates working and not enrolled, 4 years after completing, in 2024 dollars.
The U.S. median and middle half (25th to 75th percentile) are for graduates of the same field and credential level at all colleges, 4 years after completing.
The 1-year, 4-year and 5-year figures come from different graduating cohorts and dollar years (1-year: AY2018-19 and AY2019-20 graduates, 2022 dollars; 4-year: AY2017-18 and AY2018-19 graduates, 2024 dollars; 5-year: AY2014-15 and AY2015-16 graduates, 2022 dollars), so read them as three separate measures, not a single career path.
Small samples are noisy: the Scorecard adds privacy noise to program figures and some rows are based on only a handful of graduates, so rows marked “small sample” can move a lot from year to year.
What students study
The largest fields among the degrees and certificates this college awarded, grouped by two-digit CIP code (the federal Classification of Instructional Programs). Fields under 1% are left out.
Share of degrees and certificates awarded, by field
A large share means many awards, not necessarily many students or higher earnings. Data period: Awards in academic year 2024-25 (IPEDS).
Who attends
A snapshot of the undergraduate student body as this college reported it to the federal government. Shares are shown as published; they can differ slightly from 100% because of rounding.
Race and ethnicity
- White 45.8%
- Black or African American 1%
- Hispanic or Latino 40.6%
- Asian 2%
- American Indian or Alaska Native 3.6%
- Native Hawaiian or Pacific Islander 0.2%
- Two or more races 3.2%
- U.S. nonresident 3.2%
- Race and ethnicity unknown 0.3%
Federal reporting categories. Students who are not U.S. citizens or permanent residents are counted as nonresident, and students who did not report are counted as unknown. Data period: Fall 2024 (IPEDS).
Gender
- Men 71.7%
- Women 28.3%
Federal reporting uses two categories. Data period: Fall 2024 (IPEDS).
Students aged 25 or older
13%
of undergraduates
Many adult students work or have families while enrolled. Data period: Fall 2023 (IPEDS).
Students and campus
- Undergraduate enrollment
- 995
- Part-time students
- 5%
- Receive Pell Grants
- 30%
- Receive federal loans
- 31%
- Students per faculty member
- 9 : 1
- Setting
- Town
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Where it ranks
This college appears in the top 50 of these TuitionScope rankings.
Guides worth reading
Plain-language explainers that help you read the numbers on this page.
More in New Mexico
In New Mexico
National rankings
Frequently asked questions
How much is tuition at New Mexico Institute of Mining and Technology?
For the 2024-25 academic year, New Mexico Institute of Mining and Technology reported undergraduate tuition and fees of $9,476 for in-state students and $27,247 for out-of-state students. These are published prices before grants and scholarships; what you pay depends on your aid.
What is the cost of attendance and net price at New Mexico Institute of Mining and Technology?
The average cost of attendance at New Mexico Institute of Mining and Technology is $24,967 a year (2023-24), counting tuition, books, housing and other living expenses. After grants and scholarships, the average net price is $9,873 a year. That is lower than 73% of public 4-year colleges.
How much financial aid do students at New Mexico Institute of Mining and Technology get?
30% of undergraduates receive Pell Grants. 31% receive federal loans. The average net price runs from $5,136 a year for families earning under $30,000 to $13,464 for families earning over $110,000 (2023-24).
What is the acceptance rate at New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology admitted about 44% of applicants in fall 2024. That makes admission selective.
What SAT and ACT scores do you need for New Mexico Institute of Mining and Technology?
Among admitted students who submitted scores, the middle 50% had an SAT total of about 1080–1310 and an ACT composite of 20–29 (fall 2024). That is a guide, not a cutoff. Reported test policy: Tests required.
What are the graduation rate and retention rate at New Mexico Institute of Mining and Technology?
57% of first-time, full-time students at New Mexico Institute of Mining and Technology finish within 150% of normal time. 77% of full-time first-years return the next fall.
How much do New Mexico Institute of Mining and Technology graduates earn after graduation?
The median graduate earns $85,232 four years after finishing, among graduates working and not enrolled in further study (2024 dollars). One year after finishing, the median is $60,931.
Is New Mexico Institute of Mining and Technology worth it?
There is no single answer: it depends on your major, your aid and whether you finish. For New Mexico Institute of Mining and Technology, the data shows this. The earnings premium over a typical high-school graduate would cover the estimated net cost in about 0.7 years of work. Graduates who borrowed have a median debt of $19,085, about 0.2 times their median earnings four years after finishing. 57% of first-time, full-time students finish within 150% of normal time. These are averages, not predictions, and they do not count income forgone while studying.
Sources and data periods
All figures come from the U.S. Department of Education's College Scorecard (June 2026 release). Periods differ by measure:
- Average net price: AcadYr 2023-24, reported in IPEDS DCY2024-25
- Acceptance rate: Fall 2024, reported in IPEDS DCY2024-25
- Graduation rate: Fall 2018 or AcadYr 2018-19 cohort (differs by institutional calendar), reported in IPEDS DCY2024-25 pooled with previous years (# of total pooled years found in POOLYRS)
- Median earnings: Treasury AY2017-18, AY2018-19 pooled cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars
- Median graduate debt: NSLDS FY2020, FY2021 pooled cohorts
Some figures are blank because the school did not report them or the group was too small to publish. How we calculate things