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New Mexico Institute of Mining and Technology: cost, admission and results

New Mexico Institute of Mining and Technology is a public college in Socorro, New Mexico. It has about 995 undergraduate students. It admits 44% of applicants. The average net price for students with federal aid is $20,862 a year.

At a glance

  • 44%Admission rate
  • $20,862Net price a year
  • 55%Graduation rate
  • $71,723Median earnings, 10 years on
Location
Socorro, New Mexico 87801
Type
Public
Degrees
Mostly bachelor's degrees (four-year)
Setting
Remote town
Undergraduate students
995
Graduate students
556
Students per teacher
9 to 1
Accredited by
Higher Learning Commission
Website
nmt.edu

Getting in

New Mexico Institute of Mining and Technology admits 44% of those who apply, which makes it moderately selective. The median admission rate of colleges on this site that report one is 77%. The average SAT score of admitted students is 1207 out of 1600 (midpoints: 605 in reading and writing, 610 in maths). The midpoint ACT score is 26 out of 36.

What it costs

Tuition and fees, students from New Mexico$10,112
Tuition and fees, students from elsewhere$31,683
Room and meals on campus$10,350
Books and supplies$1,000
Average full cost of a year (tuition, living, books), before aid$26,354
Average net price after grants and scholarships$20,862

The net price is what students who got federal aid paid on average for a year after grants and scholarships were taken off (for a public college, students from inside the state). It is 226% above the median net price of colleges in New Mexico on this site ($6,404). International students are normally charged the out-of-state tuition and do not receive US federal aid.

Net price by family income

Family income a yearAverage net price
Up to $30,000$17,145
$30,001 to $48,000$17,614
$48,001 to $75,000$19,161
$75,001 to $110,000$24,081
Above $110,000$26,354

For students who received federal aid. A negative figure means grants were larger than the cost counted.

For an estimate that fits your own family, use the college's net price calculator.

Results

MeasureThis collegeNM medianUS median
Students who come back for a second year77%58%73%
Students who finish their degree (within one and a half times the normal length)55%28%49%
Median earnings 10 years after starting$71,723$44,265$53,132
Median federal loan debt of those who finish$13,892$15,428$19,994

Medians are the middle value of the colleges on this site in New Mexico and in the whole country. Completion and return rates count first-time, full-time students. Earnings and debt count students who received federal aid.

The students

33% of undergraduates receive a Pell Grant, the federal grant for students from lower-income families. 22% take a federal student loan. The undergraduate body is 28% women and 72% men. By undergraduate numbers it is number 8 of the 20 colleges in New Mexico on this site that report a size; the middle-sized one has 700.

Other colleges in New Mexico of a similar size

Common questions

What is the acceptance rate of New Mexico Institute of Mining and Technology?

New Mexico Institute of Mining and Technology admits 44% of applicants, according to the College Scorecard.

How much is tuition at New Mexico Institute of Mining and Technology?

Published tuition and fees are $10,112 a year for students from New Mexico and $31,683 for others. Most students with aid pay less: see the net price.

What is the graduation rate of New Mexico Institute of Mining and Technology?

55% of first-time, full-time students finish within one and a half times the normal length of the course.

Source: College Scorecard, U.S. Department of Education, data released on 2 November 2026; checked in November 2026. Net price, debt and earnings describe students who received US federal aid. Costs change each year. This is official data for general information, not advice: confirm costs and admission rules on the college's own website and at collegescorecard.ed.gov.

All colleges in New Mexico How to read these figures