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How many students are received the students loans at New Mexico Institute of Mining and Technology?

For the academic year 2022-2023, total 125 full-time, first-time students (42% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 500 students (40% of all students) have received federal student loans and the average loan amount is $5,658 at New Mexico Institute of Mining and Technology.

Below tables show the number and amount by source of financial aid at New Mexico Institute of Mining and Technology.
All Undergraduate Student Financial Aid at New Mexico Institute of Mining and Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid1,03483%$10,530
Pell Grants40432%$5,209
Federal Student Loans50040%$5,658
Beginning Students (Freshmen) Financial Aid at New Mexico Institute of Mining and Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid29399%-
Grants or Scholarship from All Sources29299%$10,293
Federal Grants10034%$5,524
Pell Grants9933%$5,027
Other Federal Grants6823%$804
State/Local Grants24181%$4,764
Institutional Grants27091%$4,833
Student Loans12542%$4,925
Federal Student Loans12241%$4,605
Other Student Loans52%$10,754

What is the Loans to students?

Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally and privately sponsored loans. Does not include PLUS and other loans made directly to parents.

Know more about New Mexico Tech

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