New Mexico Institute of Mining and Technology: Is It Worth It?
Socorro, New Mexico · Public · Website
ROI Score
18.4
Net Price/Year
$9,873
avg with financial aid
10yr Earnings
$76,489
median, all graduates
Median Debt
$19,085
at graduation
Is New Mexico Institute of Mining and Technology Worth It?
Graduates earn a median of $76,489 per year ten years after enrollment. With an average net price of $9,873 per year, the total estimated cost for a four-year degree is approximately $39,492.
Based on median earnings, the degree typically pays for itself in approximately 0.5 years.
The median graduate leaves with $19,085 in debt, which represents about 25%of one year's earnings at the 10-year mark.
Note: These figures reflect all graduates regardless of major. Individual outcomes vary significantly by field of study, career choices, and personal circumstances.
Earnings vs. Debt
Net Price by Family Income
Admissions Snapshot
Acceptance Rate
44.5%
Avg SAT
1207
ACT Midpoint
26
Enrollment
995
Completion & Retention
6-Year Graduation Rate
56.8%
National avg: ~60%
Retention Rate
77.0%
First-year students returning
3yr Repayment Rate
35500.0%
Grads making progress on loans
Cost Breakdown
In-State Tuition
$9,476
Out-of-State Tuition
$27,247
Avg Net Price
$9,873
After grants/scholarships
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Frequently Asked Questions
Is New Mexico Institute of Mining and Technology worth the money?
Based on federal data, New Mexico Institute of Mining and Technology graduates earn a median of $76,489 ten years after enrollment, with a median debt of $19,085 at graduation. The ROI score is 18.4.
What do New Mexico Institute of Mining and Technology graduates earn?
The median earnings for New Mexico Institute of Mining and Technology graduates is $54,530 six years after enrollment and $76,489 ten years after enrollment, according to the College Scorecard.
What is the acceptance rate at New Mexico Institute of Mining and Technology?
The acceptance rate at New Mexico Institute of Mining and Technology is 44.5%.
How much debt do New Mexico Institute of Mining and Technology graduates have?
The median debt at graduation for New Mexico Institute of Mining and Technology students is $19,085.
Data source: U.S. Department of Education College Scorecard. Earnings data reflects median earnings 10 years after enrollment for all graduates. Debt figures reflect median debt at graduation for completers. Individual outcomes may vary.