Is New Mexico Institute of Mining and Technology worth it?
Socorro, NM · public
Verdict
Typical students pay $9,873 a year after aid, graduate with $19,085 in federal debt, and earn $54,530 six years after enrolling — an estimated monthly loan payment of $204, with a debt break-even of about 3.5 years.
Net price / year
$9,873
Admission rate
44%
Graduation rate
—
Median debt
$19,085
Earnings (6 yr)
$54,530
Earnings (10 yr)
$76,489
Est. monthly loan payment
$204
Loan-to-income ratio
35%
Debt break-even
3.5 years
How New Mexico Institute of Mining and Technology compares
FAQ
How much does it cost to attend New Mexico Institute of Mining and Technology?
The federal average net price after grants and scholarships is $9,873 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.
How much debt do New Mexico Institute of Mining and Technology graduates typically carry?
Students who complete a program at New Mexico Institute of Mining and Technology leave with a median federal debt of $19,085, based on the U.S. Department of Education's College Scorecard.
What do New Mexico Institute of Mining and Technology graduates earn?
Six years after enrolling, former students report median earnings of $54,530, drawn from federal tax records aggregated by the College Scorecard.
What is the graduation rate at New Mexico Institute of Mining and Technology?
Graduation rate data is not currently published for this school.
Is New Mexico Institute of Mining and Technology worth the debt?
Based on median debt and 6-year earnings, it would take roughly 3.5 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.
Source: U.S. Department of Education College Scorecard.