univstats

New Mexico Tech Financial Aid

Number Received Financial Aid (All Undergraduate) 1,034
Percent Received Financial Aid(All Undergraduate) 83%
Average Aid Amount $10,530
Number Received Financial Aid (Freshmen) 293
Percent Received Financial Aid (Freshmen) 99%

Financial Aid Information at New Mexico Tech

For the academic year 2021-2022, a total of 1,034 students (83% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $10,530. For freshmen (Full-time, first-time degree-seeking undergraduate students), 293 students (99% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at New Mexico Institute of Mining and Technology is $9,058 for New Mexico residents and $26,312 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 1,034 students (83% of all students) have received grants or scholarships and the average received aid amount is $10,530. 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 aid1,03483%$10,530
Pell Grants40432%$5,209
Federal Student Loans50040%$5,658

Beginning Students Financial Aid

a total of 293 beginning students (99% of all freshmen) have received any financial aid and 292 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 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

Students Headcount by Living Status

For academic year 2021-2022, total 289 full-time beginning students have enrolled and attended New Mexico Institute of Mining and Technology. Among them, 232 students have lived on campus and 15 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 Status201920202021
Living On-Campus216211232
Living Off-Campus with Family1412
Living Off-Campus without Family221915

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 2021-2022 . 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 level111111$1,680,300$15,138
$0 - $30,0004545$785,318$17,452
$30,001 - $48,0003636$576,503$16,014
$48,001 - $75,0002121$243,503$11,595
$75,001 - $110,00077$65,976$9,425
$110,001 or more22$9,000$4,500