New Mexico Military Institute: Tuition & Loans

Overall Rating: Overall Ranking - FairQuality: Education Quality Rating - Below AverageSafety: Capmus Safety Rating - Below AverageCosts: Tuition & Fees Cost Rating - Excellent
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Tuition and fees per year
$8,800
Average tuition cost at New Mexico Military Institute is low, $6,300 per academic year. The additional fees at New Mexico Military Institute not covered by tuition are approximately $2,500; which comes to $8,800 per year.

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

Anunual Tuition and Fees in New Mexico Military Institute and Competing Colleges

New Mexico Military Institute Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at New Mexico Military Institute is $3,000 a year; which is very expensive if compared to other colleges in New Mexico.

FAFSA Application

FAFSA Code
2015-2016
002656
If you anticipate to file your FAFSA application for Federal Student Aid, the college code for New Mexico Military Institute is 002656. 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 grants and loans to eligible students and families. 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
13%
The government reported that the median federal student loan amount for New Mexico Military Institute is approximately $4,500.

At the same time, 12.50% of the recent New Mexico Military Institute graduates have failed to maintain their federal student loan repayments in 2012

This rate of loan repayment defaults (12.50%) is below average and might lead to a conclusion that New Mexico Military Institute graduates have good career perspectives.

Learn More About New Mexico Military Institute

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New Mexico Colleges Offering Similar Degree Programs

General Studies
We reviewed 30 general studies schools and colleges in Albuquerque, Santa Fe, Roswell, Las Cruces, Hobbs, Las Vegas, Grants, and 18 other cities. Approximately 4,000 general studies diplomas are granted every year. Average tuition price for general studies degree programs in NM is about $7,900.

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