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NMMI Financial Aid

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Number Received Financial Aid (All Undergraduate) 371
Percent Received Financial Aid(All Undergraduate) 76%
Average Aid Amount $8,690
Number Received Financial Aid (Freshmen) 204
Percent Received Financial Aid (Freshmen) 99%

Financial Aid Information at NMMI

For the academic year 2019-2020, a total of 371 students (76% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $8,690. For freshmen (Full-time, first-time degree-seeking undergraduate students), 204 students (99% of enrolled students) received financial aid.
The 2022 undergraduate tuition & fees at New Mexico Military Institute is $6,965 for New Mexico residents and $14,017 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2019-2020, a total of 371 students (76% of all students) have received grants or scholarships and the average received aid amount is $8,690. 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 Military Institute for all undergraduate students.
Undergraduate Student Financial Aid at New Mexico Military Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid37176%$8,690
Pell Grants11724%$4,457
Federal Student Loans418%$2,805

Beginning Students Financial Aid

a total of 204 beginning students (99% of all freshmen) have received any financial aid and 204 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 Military Institute.
Beginning Students (Freshmen) Financial Aid at New Mexico Military Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid20499%-
Grants or Scholarship from All Sources20499%$7,998
Federal Grants14068%$3,242
Pell Grants7235%$4,560
Other Federal Grants11556%$1,091
State/Local Grants3417%$719
Institutional Grants19997%$5,795
Student Loans2010%$3,453
Federal Student Loans2010%$3,453
Other Student Loans00%$0

Students Headcount by Living Status

For academic year 2019-2020, total 186 full-time beginning students have enrolled and attended New Mexico Military Institute. Among them, 186 students have lived on campus and 0 students lived off campus (without family). Next table shows the students count by living status and years.
Student Headcount by Living Location/Setting at New Mexico Military Institute
Living Status201720182019
Living On-Campus170204186
Living Off-Campus with Family000
Living Off-Campus without Family000

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

Next 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 2019-2020 . 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 Military Institute
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level7878$906,624$11,623
$0 - $30,0003232$416,533$13,017
$30,001 - $48,0001818$254,807$14,156
$48,001 - $75,0001919$183,673$9,667
$75,001 - $110,00077$45,681$6,526
$110,001 or more22$5,930$2,965