New Mexico Institute of Mining and Technology
New Mexico Tech is situated in the high desert of Socorro, New Mexico, offering a small campus environment surrounded by mountains and open spaces. The student body is known for its focus on STEM fields, creating a collaborative and academically intense atmosphere. Distinctive features include its research-oriented approach, with opportunities for undergraduate involvement, and its proximity to the Very Large Array radio telescope.
Financial Aid
The sticker price is rarely what families actually pay. New Mexico Institute of Mining and Technology's grant and scholarship aid lowers the net price for most income brackets. 31% of students receive Pell Grants; 35% take federal loans.
Average net price across income brackets is $8,365, roughly 8% lower than the published tuition.
Net Price by Family Income
Academic Year 2025| Income Bracket | Avg Net Price | 4-Year Net Cost |
|---|---|---|
| $0 – $30K | $3,970 | $15,880 |
| $30K – $48K | $5,067 | $20,268 |
| $48K – $75K | $8,676 | $34,704 |
| $75K – $110K | $11,907 | $47,628 |
| $110K+ | $12,207 | $48,828 |
| Sticker price (no aid) | $9,058 | $36,232 |
Programs at New Mexico Institute of Mining and Technology
4 degree programs ranked by DegreeOutlook Score. Click any program for AI scenario analysis and 10-year earnings projections.
| Degree Program | DW Score | 1-yr Earnings | AI Risk | ROI |
|---|---|---|---|---|
| Mechanical Engineering Compare across schools → |
72
|
$57,424/yr | Very High | 26.8x |
| Electrical Engineering Compare across schools → |
62
|
$73,300/yr | Very High | 19.2x |
| Chemical Engineering Compare across schools → |
56
|
$57,215/yr | High | 14.8x |
| Petroleum Engineering Compare across schools → |
42
|
$42,325/yr | High | 10.7x |