Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $10,530 and the average loan amount is $5,658. The average financial aid amount is 40.02% of tuition & fees based on out-of-state rate (tuition & fees: $26,312).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid1,034 83%$10,887,625$10,530
Pell Grants404 32%$2,104,340$5,209
Federal Students Loans500 40%$2,829,044$5,658

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 292 students have received one or more types of financial aid at New Mexico Institute of Mining and Technology.
The average amount of federal, state, local or institutional grant aid is $10,293 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,925.
The following table shows the financial data by type of aid at New Mexico Institute of Mining and Technology.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid29299%--
Grant or scholarship aid292 99%$3,005,562$10,293
Federal Grants100 34%$552,401$5,524
Pell Grants99 33%$497,697$5,027
Other Federal Grants68 23%$54,704$804
State/Local Grants241 81%$1,148,181$4,764
Institutional Grants270 91%$1,304,980$4,833
Student Loans125 42%$615,640$4,925
Federal Student Loans122 41%$561,868$4,605
Other Student Loans5 2%$53,772$10,754

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at New Mexico Institute of Mining and Technology.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$1,680,300$15,138
0 - $30,00045 45$785,318$17,452
$30,001 - $48,00036 36$576,503$16,014
$48,001 - $75,00021 21$243,503$11,595
$75,001 - $110,0007 7$65,976$9,425
$110,001 - more2 2$9,000$4,500

Paid Tuition Rates by Residency

At New Mexico Institute of Mining and Technology, for the first-time/full-time students, 292 students have paid in-state rate of tuition and 4 students have paid out-of-state tuition rate.
# of Students
In-District Rate0
In-State Rate292
Out-of-State Rate4
Un-known0

Number of Students by Living Arrangement (Freshmen)

At New Mexico Institute of Mining and Technology, 232 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 15 students live off-campus. In addition, 12 students live with their family.
# of Students
Living On-Campus232
Living Off-Campus15
Living with Family12
Un-known30