Cost of college went up for non-resident students at the New Mexico Military Institute


In-state tuition and fees fell 19.7 percent for 2018-19 at the New Mexico Military Institute, according to recent data from the U.S. Department of Education.

New Mexico residents paid $4,530 to attend the two-year public institution this year – $212 more than the $4,318 charged for 2017-18.

Non-residents paid 220.8 percent more than residents this year, or $14,534. Their price tag grew 9.3 percent from $13,301 in 2017-18.

About 17 percent of the school's undergraduate population are New Mexico residents. About 68 percent are residents of other states and 15 percent are citizens of other countries.

Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 211 students received grants or scholarships totaling $1.7 million and 38 students took out student loans totaling more than $64,944.

Including all undergraduates (412), 323 students used grants or scholarships totaling $3.1 million, and 44 students took out $154,687 in federal student loans.

The cost of attending
Enrollment
2015-16
2016-17
2017-18
2018-19
Change in tuition and fees 2015-16 to 2018-19
In-state
~70
$4,677
$5,141
$4,318
$4,530
-3.1%
Out-of-state
~280
$10,122
$11,075
$13,301
$14,534
43.6%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the New Mexico Military Institute in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
71
33%
$379,681
$5,348
State / local grant or scholarship
13
6%
$9,150
$704
Institutional grants or scholarships
208
96%
$1,294,455
$6,223
Grant or scholarship aid total
211
97%
$1,683,286
$7,978
Federal student loans
38
18%
$64,944
$1,709
Other student loans
0
0%
$0
-
Student loan aid
38
18%
$64,944
$1,709
Total student aid
211
97%
-
-

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