by our College Data Analytics TeamMany students attending New Mexico Institute of Mining and Technology can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by New Mexico Tech and determine which ones you may be eligible for by continuing your exploration.
$8,060.00 is the typical New Mexico Institute of Mining and Technology’s first year financial aid package. Approximately 98% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at New Mexico Institute of Mining and Technology.
As well as scholarships, 44% of freshmen (109 total) obtained a federal grant, for about $4,933.00 a piece.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
44% of first-year students at New Mexico Institute of Mining and Technology (109 total) obtained a federal grant, averaging $4,933.00.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.00% | $13,181.00 |
| Income 30k-48k | 10.40% | $10,514.00 |
| Income 48k-75k | 11.60% | $7,499.00 |
| Income 75k-110k | 10.40% | $4,917.00 |
| Income 110k + | 19.20% | $5,173.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
243 New Mexico Tech undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $8,060.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.