Financial Aid at New Mexico Tech

Financial Aid Amount Received
$6,627 (28.17% of tuition & fees)
Percent of Financial Aid Received
72% of 1,412 students

All Undergraduate Students Financial Aid

1,058 undergraduate students (72% of all students) have received grants, scholarship, and/or federal student loans at New Mexico Institute of Mining and Technology. The percentage of students received financial aid average compared to Public, 4-Years or High Colleges in New Mexico. Compare to similar schools in rankings such as Southwestern College and University of Phoenix-New Mexico, the percentage of students received financial aid is higher (the average of the schools is 82.00%).
The average amount of grants of scholarship aid is $6,627 and the average loan amount is $6,712. The average financial aid amount is 28.17% of tuition & fees based on out-of-state rate (tuition & fees: $23,524).

Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid1,058 72%$7,010,886$6,627
Pell Grants442 30%$2,079,432$4,705
Federal Students Loans694 47%$4,657,950$6,712
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Undergraduate Student Financial Aid Comparison Chart

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid23297%--
Grant or scholarship aid226 95%$1,508,082$6,673
Federal Grants103 43%$386,619$3,754
Pell Grants75 32%$345,084$4,601
Other Federal Grants28 12%$41,535$1,483
State/Local Grants189 79%$510,077$2,699
Institutional Grants191 80%$611,386$3,201
Student Loans147 62%$749,573$5,099
Federal Student Loans142 60%$724,931$5,105
Other Student Loans5 2%$24,642$4,928

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

For the full-time, first-time undergraduate students (in most case freshmen), 226 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 $6,673 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,099.
Next table shows the financial data by type of aid at New Mexico Institute of Mining and Technology.

Financial Aid by Income Level

Next 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--$1,142,242$7,008
0 - $30,00026 26$293,699$11,296
$30,001 - $48,00033 33$329,154$9,974
$48,001 - $75,00028 28$169,944$6,069
$75,001 - $110,00029 28$149,102$5,141
$110,001 - more47 42$200,343$4,263

Paid Tuition Rates by Residency

# of Students
In-District Rate0
In-State Rate234
Out-of-State Rate3
Un-known1

Number of Students by Living Arrangment (Freshmen)

# of Students
Living On-Campus198
Living Off-Campus26
Living with Family1
Un-known0

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