New Mexico Institute of Mining and Technology
New Mexico Tech is situated in the high desert of Socorro, New Mexico, offering a small campus environment surrounded by mountains and open spaces. The student body is known for its focus on STEM fields, creating a collaborative and academically intense atmosphere. Distinctive features include its research-oriented approach, with opportunities for undergraduate involvement, and its proximity to the Very Large Array radio telescope.
Financial Aid & Net Price
What students actually pay after grants and scholarships, by family income. 31% of students receive Pell Grants and 35% take federal loans.
| Family Income | Avg Net Price/yr | 4-Year Net Cost | Net-Price ROI |
|---|---|---|---|
| $0 – $30K | $3,970 | $15,880 | 36.3x |
| $30K – $48K | $5,067 | $20,268 | 28.4x |
| $48K – $75K | $8,676 | $34,704 | 16.6x |
| $75K – $110K | $11,907 | $47,628 | 12.1x |
| $110K+ | $12,207 | $48,828 | 11.8x |
| Sticker price (no aid) | $9,058 | $36,232 | 15.9x |
Net price = tuition + fees + room & board minus grants and scholarships. ROI = average 10-year graduate earnings ÷ 4-year net cost. Source: IPEDS Student Financial Aid survey via College Scorecard.
All Programs at New Mexico Institute of Mining and Technology
4 degree programs ranked by DegreeOutlook Score. Click any program for full AI scenario analysis and 10-year earnings projections.
| Program | DW Score | Earnings | AI Risk | ROI |
|---|---|---|---|---|
| Mechanical Engineering Compare across schools |
72 | $57,424/yr | Very High | 26.8x |
| Electrical Compare across schools |
62 | $73,300/yr | Very High | 19.2x |
| Chemical Engineering Compare across schools |
56 | $57,215/yr | High | 14.8x |
| Petroleum Engineering Compare across schools |
42 | $42,325/yr | High | 10.7x |