New Mexico Institute of Mining and Technology: Tuition & Loans

Overall Rating: Overall Ranking - ExcellentQuality: Education Quality Rating - OustandingSafety: Capmus Safety Rating - Below AverageCosts: Tuition & Fees Cost Rating - Good
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Tuition and fees per year
$16,400
Average tuition at New Mexico Institute of Mining and Technology fairly high, around $15,700 annually. The additional fees at New Mexico Institute of Mining and Technology beyond tuition are about $700; this makes it a total of $16,400 per year.

The chart below shows New Mexico Institute of Mining and Technology tuition costs and additional fees compared to the competing and nearby colleges:

Anunual Tuition and Fees in New Mexico Institute of Mining and Technology and Competing Colleges

New Mexico Institute of Mining and Technology Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at New Mexico Institute of Mining and Technology is $1,050 a year; which is a good bargain if compared to other colleges in New Mexico.

FAFSA Application

FAFSA Code
2015-2016
002654
If you plan to file your FAFSA application for Federal Student Aid, the college code for New Mexico Institute of Mining and Technology is 002654. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides money for college to eligible students. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate
5%
The government reported that the median federal student loan amount for New Mexico Institute of Mining and Technology is approximately $6,300.

At the same time, 5.20% of the recent New Mexico Institute of Mining and Technology graduates have failed to maintain their federal student loan repayments in 2012

This rate of loan repayment defaults (5.20%) is low and might lead to a conclusion that New Mexico Institute of Mining and Technology graduates have very good career perspectives.

Learn More About New Mexico Institute of Mining and Technology

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