New Mexico Institute of Mining and Technology
New Mexico Institute of Mining and Technology is a public institution located in Socorro, NM, offering 29 distinct degree programs across various fields of study. Graduates from New Mexico Institute of Mining and Technology report median earnings of $76,489 ten years after entry, reflecting strong career outcomes.
Key Facts
- 2024 Undergraduate Tuition: $9,058
- 2024 Average Net Price: $8,265 After Financial Aid
- 2024 Acceptance Rate: 53.96% Moderate Selectivity
- 2024 Enrolled Students: 1,122 N/A% Full-Time
- 2024 Graduation Rate: 56.36%
- Average SAT Score: 1182
Costs
Tuition Costs
$9,058
2024 Undergraduate Tuition
In 2024, the cost of tuition at New Mexico Institute of Mining and Technology was $9,058.
Tuition comparison with similar institutions.
Average Net Price
$8,265
2024 Value
In 2024 New Mexico Institute of Mining and Technology had an average net price — the price paid after factoring in grants and loans — of $8,265.
Average net price comparison with similar institutions.
Total Cost of Attendance
$33,060 Estimated 4-Year Total Cost
$8,265 Average Annual Net Price (after aid)
$36,232 4-Year In-State Tuition
$105,248 4-Year Out-of-State Tuition
Costs include tuition and fees. Room & board, books, and other expenses are additional.
4-year total cost breakdown for New Mexico Institute of Mining and Technology.
Financial Aid by Income Level
30.87% Undergraduates Receiving Financial Aid through Grants
35.14% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
Not reported
3-year cohort default rate (College Scorecard)
The published 3-year cohort default rate for borrowers at New Mexico Institute of Mining and Technology was not reported in the College Scorecard extract for this institution.
Cohort default rates account for borrowers who default in the first three years.
Admissions
Acceptance Rate
53.96% Acceptance Rate
This institution is selective, accepting about half of all applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 1182
Average SAT and ACT scores for admitted students.
Academic Requirements
Estimated GPA Range: 3.0 - 3.4
Estimated Median GPA: 3.20
Note: GPA requirements are estimated based on admission selectivity and test scores. Actual requirements may vary.
Estimated GPA and test score ranges.
Enrollment
Full-Time vs Part-Time Enrollment
N/A% Full-Time Enrollment
The total enrollment at New Mexico Institute of Mining and Technology in 2024 is 1,122 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
N/A%
2024 Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.
Retention rate over time compared to similar institutions.
Graduates & Outcomes
Time to Complete
31.78% 100% Completion Time
56.36% 150% Completion Time
In 2024, 31.78% of students graduating from New Mexico Institute of Mining and Technology completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
ROI & Programs
Financial value and program information for New Mexico Institute of Mining and Technology.
Return on Investment
$19,085 Median Student Debt
$76,489 Median Annual Earnings (10 years)
24.95% Debt-to-Earnings Ratio
2213.64% Return on Investment
2.5 years Estimated Payback Period
Financial value analysis for New Mexico Institute of Mining and Technology.
Top Programs by Completions
10 Programs Reporting Data
Mechanical Engineering: 81 completions
Computer Science: 29 completions
Electrical & Electronics Engineering: 25 completions
CIP 14.2101: 17 completions
CIP 14.0701: 16 completions
General Biological Sciences: 14 completions
General Mathematics: 14 completions
CIP 40.0801: 14 completions
CIP 14.2501: 13 completions
Other/Unknown Programs: 318 completions
Most popular programs at New Mexico Institute of Mining and Technology.
Employment Outcomes
$54,530 Median Earnings (6 years after entry)
$60,432 Median Earnings (8 years after entry)
$76,489 Median Earnings (10 years after entry)
Earnings outcomes for New Mexico Institute of Mining and Technology graduates.
About
New Mexico Institute of Mining and Technology is a public institution located in Socorro, NM, offering 29 distinct degree programs across various academic disciplines. The institution enrolls approximately 1,122 students. The admission rate is 53.96%. Average SAT scores for admitted students are 1182. The institution maintains a 56.36% graduation rate. Approximately 30.87% of students receive Pell Grants.
Institution Type
Public
Location
Socorro, NM 87801
Region: Southwest
Insights and Analysis
New Mexico Institute of Mining and Technology provides educational opportunities for students seeking higher education. Prospective students should carefully evaluate all factors including costs, outcomes, and program offerings when making their enrollment decisions.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology
Data for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, which provides comprehensive information on institutions of higher education in the United States.
All financial figures are adjusted for inflation and represent the most recent available data. Graduation rates and completion times are calculated according to federal standards.