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New Mexico Tech Financial Aid

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Number Received Financial Aid (All Undergraduate) 1,060
Percent Received Financial Aid(All Undergraduate) 87%
Average Aid Amount $12,776
Number Received Financial Aid (Freshmen) 296
Percent Received Financial Aid (Freshmen) 99%

Financial Aid Information at New Mexico Tech

For the academic year 2023-2024, a total of 1,060 students (87% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $12,776. For freshmen (Full-time, first-time degree-seeking undergraduate students), 296 students (99% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at New Mexico Institute of Mining and Technology is $9,476 for New Mexico residents and $27,247 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2023-2024, a total of 1,060 students (87% of all students) have received grants or scholarships and the average received aid amount is $12,776. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at New Mexico Institute of Mining and Technology for all undergraduate students.
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 aid1,06087%$12,776
Pell Grants37631%$5,159
Federal Student Loans42835%$5,508

Beginning Students Financial Aid

a total of 296 beginning students (99% of all freshmen) have received any financial aid and 296 students (99% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at New Mexico Institute of Mining and Technology.
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 Aid29699%-
Grants or Scholarship from All Sources29599%$13,507
Federal Grants10134%$6,817
Pell Grants10134%$5,295
Other Federal Grants6923%$2,227
State/Local Grants26789%$8,247
Institutional Grants25485%$4,307
Student Loans11338%$4,939
Federal Student Loans11137%$4,627
Other Student Loans52%$8,900

Students Headcount by Living Status

For academic year 2023-2024, total 290 full-time beginning students have enrolled and attended New Mexico Institute of Mining and Technology. Among them, 256 students have lived on campus and 12 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at New Mexico Institute of Mining and Technology
Living Status202120222023
Living On-Campus211232256
Living Off-Campus with Family4129
Living Off-Campus without Family191512

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at New Mexico Institute of Mining and Technology
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level178177$2,600,048$14,607
$0 - $30,0004242$793,866$18,902
$30,001 - $48,0003636$640,989$17,805
$48,001 - $75,0002626$369,087$14,196
$75,001 - $110,0002323$252,184$10,965
$110,001 or more5150$543,922$10,665
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