Average Net Price
The average net price at New Mexico Institute of Mining and Technology is $9,133 per year after grants and scholarships are applied.
Overall Average Net Price
$9,133
Average amount students pay per year after financial aid
Net Price by Family Income
Financial Aid
New Mexico Institute of Mining and Technology demonstrates strong commitment to educational accessibility, with 99% of undergraduate students receiving financial aid and 31% benefiting from federal Pell grants for demonstrated financial need.
Students Receiving Aid
99%
Of undergraduate students receive some form of financial assistance
Pell Grant Recipients
31%
Of students receive federal Pell grants for demonstrated financial need
Grants & Scholarships
Gift aid that doesn't need to be repaid
Work-Study Programs
Part-time employment opportunities on campus
Student Loans
Federal and private loan options available
Combined Sticker Price (Undergraduate)
The sticker price represents the total cost before any financial aid is applied. In-state students can expect a sticker price of $7,664 annually for tuition and fees, while out-of-state students pay $7,664. Additional costs for room, board, books, and personal expenses will vary based on your living arrangements and lifestyle choices. Commuting students pay approximately $10,064, which is 52% cheaper than on-campus living.
Tuition & Fees Comparison
In-State: $7,664
Out-of-State: $7,664
In-State Students
On Campus Living
Off Campus Living
Out-of-State Students
On Campus Living
Off Campus Living
Commuting Students
Students living at home and commuting to campus can significantly reduce their costs.
In-State Commuter
Out-of-State Commuter
Cost Analysis
Analyze how NMT's costs have changed over time. Over the past year, New Mexico Institute of Mining and Technology has decreased costs by $1,296, representing a 12.4% reduction in average net price.
Cost Trends
Previous Year
$10,429
Current Year
$9,133
Change
$-1,296
Affordability & Value
New Mexico Institute of Mining and Technology is committed to providing accessible, high-quality education with strong return on investment.
Affordability Rating
Very Affordable
Based on average net price compared to national averages