Financial Aid at NMMI

Financial Aid Amount Received
$9,559 (75.54% of tuition & fees)
Percent of Financial Aid Received
77% of 412 students

All Undergraduate Students Financial Aid

323 undergraduate students (77% of all students) have received grants, scholarship, and/or federal student loans at New Mexico Military Institute. The percentage of students received financial aid extremely higher compared to Public, 2-4 Years Colleges in New Mexico.
The average amount of grants of scholarship aid is $9,559 and the average loan amount is $3,516. The average financial aid amount is 75.54% of tuition & fees based on out-of-state rate (tuition & fees: $12,654).

Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid323 77%$3,087,536$9,559
Pell Grants121 29%$517,775$4,279
Federal Students Loans44 11%$154,687$3,516
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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 Aid21197%--
Grant or scholarship aid211 97%$1,683,286$7,978
Federal Grants71 33%$379,681$5,348
Pell Grants71 33%$319,786$4,504
Other Federal Grants20 9%$59,895$2,995
State/Local Grants13 6%$9,150$704
Institutional Grants208 96%$1,294,455$6,223
Student Loans38 18%$64,944$1,709
Federal Student Loans38 18%$64,944$1,709
Other Student Loans0 0%$0$0

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

For the full-time, first-time undergraduate students (in most case freshmen), 211 students have received one or more types of financial aid at New Mexico Military Institute.
The average amount of federal, state, local or institutional grant aid is $7,978 and the average amount of student loans awarded to full-time first-time undergraduate students is $1,709.
Next table shows the financial data by type of aid at New Mexico Military Institute.

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 Military Institute.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$670,276$10,639
0 - $30,00027 27$369,926$13,701
$30,001 - $48,00016 16$206,183$12,886
$48,001 - $75,00010 10$64,498$6,450
$75,001 - $110,0004 4$11,800$2,950
$110,001 - more6 4$17,869$2,978

Paid Tuition Rates by Residency

# of Students
In-District Rate128
In-State Rate44
Out-of-State Rate39
Un-known6

Number of Students by Living Arrangment (Freshmen)

# of Students
Living On-Campus170
Living Off-Campus0
Living with Family0
Un-known0