Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $10,725 and the average loan amount is $3,898. The average financial aid amount is 76.38% of tuition & fees based on out-of-state rate (tuition & fees: $14,042).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid362 76%$3,882,618$10,725
Pell Grants112 24%$531,096$4,742
Federal Students Loans23 5%$89,644$3,898

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), 183 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 $9,762 and the average amount of student loans awarded to full-time first-time undergraduate students is $4,384.
The following table shows the financial data by type of aid at New Mexico Military Institute.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid18397%--
Grant or scholarship aid183 97%$1,786,489$9,762
Federal Grants155 82%$521,187$3,362
Pell Grants52 28%$231,059$4,443
Other Federal Grants147 78%$290,128$1,974
State/Local Grants24 13%$40,902$1,704
Institutional Grants169 89%$1,224,400$7,245
Student Loans16 8%$70,137$4,384
Federal Student Loans15 8%$60,137$4,009
Other Student Loans1 1%$10,000$10,000

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 Military Institute.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$612,583$12,762
0 - $30,00018 18$276,196$15,344
$30,001 - $48,00013 13$192,700$14,823
$48,001 - $75,00010 9$87,383$8,738
$75,001 - $110,0003 3$23,145$7,715
$110,001 - more4 4$33,159$8,290

Paid Tuition Rates by Residency

At New Mexico Military Institute, for the first-time/full-time students, 115 students have paid in-state rate of tuition and 31 students have paid out-of-state tuition rate. In addition, 43 students have paid in-district rate of tuition.
# of Students
In-District Rate43
In-State Rate115
Out-of-State Rate31
Un-known0

Number of Students by Living Arrangement (Freshmen)

At New Mexico Military Institute, 156 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 0 students live off-campus.
# of Students
Living On-Campus156
Living Off-Campus0
Living with Family0
Un-known0