More selective than 100% of New Mexico colleges we cover.
College Scorecard, Fall 2024 entering class
Average after grants for all families receiving federal aid. Pick your income above.
Sticker price $24,967. College Scorecard.
Higher than 100% of New Mexico colleges we cover and 57% of colleges nationwide. U.S. median 54%.
Within 6 years · College Scorecard
Higher than 100% of New Mexico colleges we cover and 91% of colleges nationwide. U.S. median $53,263.
Median, 10 years after starting · College Scorecard
New Mexico Institute of Mining and Technology acceptance rate & admissions
Of 1,112 applicants, New Mexico Institute of Mining and Technology admitted 600 and 222 enrolled (IPEDS, Fall 2023 entering class). The middle half of enrolled first-year students scored 1080–1310 on the SAT or 20–29 on the ACT.
IPEDS Admissions, Fall 2023 entering class
Test scores: College Scorecard, Fall 2024. Other figures: College Scorecard; IPEDS
New Mexico Institute of Mining and Technology tuition, cost & net price
What families actually pay per year, by income
Average net price after grants and scholarships for New Mexico residents who receive federal aid. Tap your income band.
College Scorecard, latest reported year (in-state, federal aid recipients)
Sticker price (before aid)
IPEDS 2023-24 cost items; total from College Scorecard
College Scorecard; Urban Institute Education Data Portal
What New Mexico Institute of Mining and Technology costs to finish, and how fast it pays back
Graduates of New Mexico Institute of Mining and Technology took 4.5 years on average to finish, so the yearly price adds up to the total below. Payback compares former students' earnings with what high school graduates earn in New Mexico. The figures follow your residency and income choices above.
| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| $0–30k | $5,136 | $23,163 | under 1 year |
| $30–48k | $7,640 | $34,456 | under 1 year |
| $48–75k | $10,106 | $45,578 | 1.0 years |
| $75–110k | $14,753 | $66,536 | 1.5 years |
| $110k+ | $13,464 | $60,723 | 1.3 years |
Cost to finish = yearly price × 4.5 years, the average time graduates took (32% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of former students 10 years after starting ($76,489) minus $30,723 for high school graduates ages 25-34 in NM (Census ACS 2020-2024), a gain of $45,766 a year. Before taxes, loan interest and earnings given up while in school. Method
College Scorecard (net price, earnings); IPEDS Graduation Rates (time to finish); U.S. Census Bureau ACS (high school earnings). Calculated by EducationGuide.
New Mexico Institute of Mining and Technology majors, earnings & careers
New Mexico Institute of Mining and Technology offers 23 bachelor's majors across 6 areas. Earnings below are for this school's graduates of each major, four years after finishing.
- Engineering · 9
- Science & Math · 7
- Technology & Computing · 3
- Humanities & Languages · 2
- Business & Finance · 1
- Social Sciences & Public Service · 1
Highest-earning majors at New Mexico Institute of Mining and Technology
| Major | Earnings, 4 yrs | Median debt |
|---|---|---|
| Electrical Engineering | $117,813 | $15,981 |
| Mechanical Engineering | $98,213 | $19,500 |
| Computer and Information Sciences | $95,750 | $15,250 |
| Petroleum Engineering | $95,234 | $28,756 |
| Chemical Engineering | $85,900 | $14,250 |
| Biology | $48,211 | — |
Quick list of all 23 majors
- Biology$48,211
- Business Administration—
- Chemical Engineering$85,900
- Chemistry—
- Civil Engineering—
- Computer and Information Sciences$95,750
- Computer Science—
- Electrical Engineering$117,813
- Engineering-Related Fields—
- Environmental Engineering—
- Environmental Science / Conservation—
- Geology / Earth Science—
- Information Science / Studies—
- Liberal Arts / General Studies—
- Materials Engineering—
- Mathematics—
- Mechanical Engineering$98,213
- Mining and Mineral Engineering—
- Petroleum Engineering$95,234
- Physical Sciences—
- Physics—
- Psychology—
- Writing—
— means too few graduates to report earnings.
College Scorecard field of study, latest release
All majors by area with earnings 1 and 4 years out, and debt →Mechanical Engineering → Mechanical engineer
Median annual wage for all workers in this job, not only new graduates. U.S. jobs projected to grow 11.2% from 2025 to 2035.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35
Computer and Information Sciences → Software developer
Median annual wage for all workers in this job, not only new graduates. U.S. jobs projected to grow 10.2% from 2025 to 2035.
BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35
Living in Socorro
2 bedrooms $1,014.
HUD Fair Market Rent, FY2027
January and July average highs. 11 inches of rain a year, 2 inches of snow.
NOAA Climate Normals 1991-2020
No hazard rated high.
FEMA National Risk Index, Socorro County
Campus & students
IPEDS fall enrollment; Carnegie Classification; EADA via Urban Institute
Socorro County at a glance
U.S. Census Bureau, ACS 5-year 2024
Compare New Mexico Institute of Mining and Technology with similar schools
Similar public colleges in New Mexico by selectivity, graduation rate and size. Tap “Why?” to see where the price difference comes from.
| School | Acceptance | You'd pay | Graduation | Earnings, 10 yrs | Price gap |
|---|---|---|---|---|---|
| New Mexico Institute of Mining and Technology | 44% | $9,873 | 57% | $76,489 | This school |
| Northern New Mexico College | — | $7,276 | 29% | $38,112 | |
| Western New Mexico University | — | $8,522 | 32% | $39,095 | |
| New Mexico Highlands University | — | $14,838 | 26% | $45,937 | |
| Navajo Technical University | — | $5,338 | 12% | $26,364 |
College Scorecard, latest reported year. “You'd pay” follows your residency and income choices above.
Why the price is different
New Mexico Institute of Mining and Technology would cost you $2,597 more per year than Northern New Mexico College, on average.
- Higher sticker price at New Mexico Institute of Mining and Technology.
- New Mexico Institute of Mining and Technology gives aided families $2,668 more in grants, on average.
| Per year, New Mexico resident | New Mexico Institute of Mining and Technology | Northern New Mexico College | Difference |
|---|---|---|---|
| Sticker price | $24,967 | $19,702 | +$5,265 |
| Average grants | −$15,094 | −$12,426 | −$2,668 |
| You pay | $9,873 | $7,276 | +$2,597 |
“+” means New Mexico Institute of Mining and Technology costs more; “−” means it costs less. Grants are the sticker price minus the net price. Cost items: IPEDS, on-campus budget. Sticker and net price: College Scorecard, latest reported year; the adjustment reconciles the two. Net price is an average for first-time, full-time students receiving federal aid, not a quote.
Common questions about New Mexico Institute of Mining and Technology
What is the New Mexico Institute of Mining and Technology acceptance rate?
New Mexico Institute of Mining and Technology accepts 44% of applicants (College Scorecard). In the latest IPEDS admissions year, 600 of 1,112 applicants were admitted. The middle half of enrolled first-year students scored 1080–1310 on the SAT or 20–29 on the ACT.
How much does New Mexico Institute of Mining and Technology cost per year?
The sticker price (cost of attendance) is $24,967 a year for in-state students. After grants and scholarships, students receiving federal aid pay $9,873 a year on average; families earning $0–30k pay $5,136 and families earning $110k+ pay $13,464.
How much do New Mexico Institute of Mining and Technology graduates earn?
Former New Mexico Institute of Mining and Technology students earn a median $76,489 ten years after starting college, compared with a U.S. median of $53,263 across the colleges we cover.
What is the New Mexico Institute of Mining and Technology graduation rate?
57% of first-time, full-time students graduate within six years, and 77% return for their second year.
How long does a New Mexico Institute of Mining and Technology degree take to pay off?
For a family earning $48–75k, finishing at New Mexico Institute of Mining and Technology costs about $45,578 after grants ($10,106 a year for 4.5 years, the average time graduates took). Former students earn a median $76,489 ten years after starting, $45,766 more than high school graduates in New Mexico ($30,723), so the cost is repaid in 1.0 years of that gain, before taxes and interest (EducationGuide calculation).
Is New Mexico Institute of Mining and Technology the right fit for your family?
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Sources on this page: U.S. Department of Education College Scorecard and IPEDS; U.S. Census Bureau (ACS); Bureau of Labor Statistics (OEWS, Employment Projections); Bureau of Economic Analysis; HUD; NOAA; FEMA; Urban Institute Education Data Portal (ODC-By); Wikidata. “Colleges we cover” means colleges awarding bachelor's degrees to at least 100 undergraduates. Averages are not quotes; confirm costs with the school. How we score
Data: download this school's data (JSON) · Markdown · all datasets
Cite this: “New Mexico Institute of Mining and Technology: cost, admissions and outcomes,” EducationGuide.com, https://educationguide.com/colleges/new-mexico-institute-of-mining-and-technology (College Scorecard and IPEDS data).