by our College Data Analytics TeamSee current and projected in-state and out-of-state tuition and fees for New Mexico Institute of Mining and Technology, and how those expenses constrast to nationwide and regional averages. If you're looking for specific information on New Mexico Tech costs, you can go to any of the following sections:
Combined out-of-state tuition and fees at New Mexico Institute of Mining and Technology for the 2020-2021 academic year was $24,254 for undergraduates. In-state undergraduates received a discount for tuition and fees at the school and only had to pay $8,425 per year.
| Tuition | Fees | Total | |
|---|---|---|---|
| Out-of-State | $22,860 | $1,394 | $24,254 |
| In-State | $7,031 | $1,394 | $8,425 |
New Mexico Institute of Mining and Technology tuition and fees is the number charged to students for one year of attendance, and does not include room and board.
Remeber that many students qualify for scholarships and financial aid that will lower the amount they have to pay.
How much does New Mexico Institute of Mining and Technology cost for part-time students?
Go to the Cost Per Credit Hour page for details.
At the national level, average out-of-state tuition and fees are $19,933 a year. With yearly tuition and fees charges running about $24,254 for out-of-state undergrads, New Mexico Institute of Mining and Technology is relatively expensive when compared to other schools in the country.
Average in-state tuition and fees for schools across the country is $16,784 a year for undergraduate students. Undergraduates who hail from New Mexico pay an average of $8,425 a year to attend New Mexico Tech, making the school a bargain if you only consider tuition and fees alone.
Take a look at the following chart to see how New Mexico Institute of Mining and Technology compares to other schools in terms of tuition and fees.
| Nationwide | Southwest | New Mexico | |
|---|---|---|---|
| Out-of-State Tuition & Fees | Expensive | Expensive | Expensive |
| In-State Tuition & Fees | Inexpensive | Inexpensive | Expensive |
Remember to also consider financial aid when trying to decide if you can afford to go to a particular school. For more details on that, see: New Mexico Institute of Mining and Technology Financial Aid.
With an average annual growth rate of 2.75% for the past five years, New Mexico residents could expect to pay $8,895 this year if the percentage growth remains the same.
At this rate, we estimate the total cost of in-state tuition and fees for two years at New Mexico Tech to be $18,034, and $37,072 for four years.
During the same time period, tuition and fees for out-of-state students have increased by 2.91%. Out-of-state students will be charged approximately $25,687 in this academic year if the costs keep going up at the same rate.
This means an estimated $52,122 for two years of out-of-state tuition and fees at New Mexico Tech, and $107,324 for four years.
The following chart shows projected upcoming tuition and fees for undergraduates at New Mexico Tech.
Be aware of just how much the tuition and fees are increasing each year. At most colleges undergrads will wind up spending more on their last year of school compared to what they did for their first.
Find our answers to frequently asked questions and get additional information about college tuition and fees.
Image Credit: By Atomic Energy505 under License