Cost of college went up for all students at the New Mexico Institute of Mining and Technology


In-state tuition and fees rose 8.2 percent for 2018-19 at the New Mexico Institute of Mining and Technology, according to recent data from the U.S. Department of Education.

New Mexico residents paid $7,770 to attend the four-year public institution this year – $587 more than the $7,183 charged for 2017-18.

Non-residents paid 186.6 percent more than residents this year, or $22,268. Their price tag grew 6.1 percent from $20,991 in 2017-18.

About 88 percent of the school's undergraduate population are New Mexico residents. And about 12 percent are residents of other states.

Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 226 students received grants or scholarships totaling $1.5 million and 147 students took out student loans totaling more than $749,573.

Including all undergraduates (1,895), 1,058 students used grants or scholarships totaling $7 million, and 694 students took out $4.7 million 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
~1,668
$6,613
$6,891
$7,183
$7,770
17.5%
Out-of-state
~227
$19,137
$20,041
$20,991
$22,268
16.4%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the New Mexico Institute of Mining and Technology 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
103
43%
$386,619
$3,754
State / local grant or scholarship
189
79%
$510,077
$2,699
Institutional grants or scholarships
191
80%
$611,386
$3,201
Grant or scholarship aid total
226
95%
$1,508,082
$6,673
Federal student loans
142
60%
$724,931
$5,105
Other student loans
5
2%
$24,642
$4,928
Student loan aid
147
62%
$749,573
$5,099
Total student aid
232
97%
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New Mexico Institute of Mining and Technology

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