by our College Data Analytics TeamCollege Factual's Best for the Money Rankings compare the quality of a New Mexico Tech degree with its cost to determine if the school is asking a fair price. Read the New Mexico Tech annual value report below.
New Mexico Institute of Mining and Technology is ranked #1,183 out of 2,223 for value nationwide.
Compared to other schools of similar quality, New Mexico Institute of Mining and Technology is priced appropriately for the kind of quality provided and is thus a fair value according to College Factual's Best for the Money Ranking.
| School | Total Price | Value Grade |
|---|
*Total price is determined by multiplying average annual cost by time to graduate.
The average New Mexico Tech student's degree will cost an estimated $122,753. This is based on an average price (with and without aid) of $26,802 and a typical 4.58 years to graduate.
| Amount | |
|---|---|
| Average Yearly Cost | $26,802 |
| Average Years to Graduate | 4.58 |
| Estimated Avg Total Cost of Degree | $122,753 |
There are many ways you can lower the cost of a college education. Consider taking advantage of in-state tuition, or shortening the length of your degree by taking summer classes. Learn more about New Mexico Tech cost for other factors that may affect net price such as the financial aid you qualify for that is largely based on your family's income.
Net price can vary based on your unique situation.
Look at the table below to get a sense of how New Mexico Tech value for your educational dollar might vary.
| Nationwide Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $148,122 | #0 | F |
| All Students | $122,753 | #1,183 | C |
| Only Students Receiving Aid | $114,294 | #1,118 | C |
| In-State Value by Aid Group | Avg Degree Cost | Value Rank | Value Grade |
|---|---|---|---|
| Students with no Aid | $96,560 | # | F |
| All Students | $71,192 | # | F |
| Only Students Receiving Aid | $62,732 | # | F |
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of New Mexico.
About 98% of New Mexico Tech students receive financial aid. Get more details on what New Mexico Tech financial aid you may qualify for.
College Factual calculates value by calculating average New Mexico Tech cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.
Read the full Best for the Money Ranking Methodology.
Image Credit: By Atomic Energy505 under License
College Factual's Best for the Money Ranking Methodology.