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New Mexico Institute of Mining and Technology: Quad at NMT (10957718535)
Photo: Luke Jones, CC BY 2.0, via Wikimedia Commons.

Regional university

#11 Colleges with the best earnings for the price in America

New Mexico Institute of Mining and Technology

Socorro, NM · Public · 4-year

Your real cost

Average price after aid $9,873 a year

Median debt at graduation: $19,085 (all students)

Estimate your own price · the college’s net price calculator

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Rankings

Where this college places on our top lists. Lists are worked out from official data and our own research; places in the top quarter of each list are shown. See every list

In America

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In New Mexico

Academic Excellence

B+Academic Excellence: B+ (grade B+): 0 to 100 points out of 100, from federal data.
Very good · Top 29%
From federal data, on fixed published scales.

Each measure counts for the share shown.

  • Graduation rate 35% of scoreThis measure counts for 35% of the Academic Excellence score.57%
  • First-year retention 20% of scoreThis measure counts for 20% of the Academic Excellence score.77%
  • Entering students' test scores 15% of scoreThis measure counts for 15% of the Academic Excellence score.SAT 1,207 · ACT 24.5
  • Student-to-faculty ratio 15% of scoreThis measure counts for 15% of the Academic Excellence score.9 to 1
  • Instructional spending per student 15% of scoreThis measure counts for 15% of the Academic Excellence score.$13,319

Bars show points on each measure’s scale. How Academic Excellence is computed.

Source: College Scorecard (College Scorecard, most recent cohorts (data release 06/10/2026))

What families pay, by income

Average yearly price after grants and scholarships, for students who receive federal aid.

Average net price by family income
Family incomePrice after aid
Up to $30,000$5,136
$30,001–$48,000$7,640
$48,001–$75,000$10,106
$75,001–$110,000$14,753
Over $110,000$13,464

Full cost of attendance before aid: $24,967 a year.

Use the college’s net price calculator for your own estimate.

Cost and value

Federal data: what families pay after aid, what graduates earn, and what they owe.

Value and outcomes
Undergraduate students
Fall enrollment (IPEDS)
1,227
Men and women
College Scorecard, fall 2023
Men 72% · Women 28%
First-generation students
College Scorecard
26%
First-year students from another state
IPEDS, fall 2023
2%
Total students1,713
Average net price (per year)
After grants and scholarships, for students receiving federal aid
$9,873
Cost of attendance (per year)$24,967
Median federal debt at graduation$19,085
Graduation rate
First-time, full-time students finishing within 150% of normal time
57%
Graduation rate for Pell grant recipients
College Scorecard, within 6 years
43%
Graduation rate for first-generation students
College Scorecard, within 6 years
39%
Borrowers paying down their loans within 3 years
College Scorecard, within 3 years
73%
First-year retention77%
Median earnings 10 years after entry$76,489
Admission rate44%
Application fee
IPEDS, 2023–24
$15
Students receiving Pell grants30%
Admitted students’ middle range:SAT 1080–1310ACT 20–29
Admission test scores (middle 50% of admitted students who submitted scores)
Average SAT1207
SAT reading & writing550–660
SAT math530–650
ACT composite20–29
Test policyRequired

Value: Exceptional · Top 2% (how it’s computed)

Sources: College Scorecard · IPEDS College Navigator · Net price calculator
College Scorecard, most recent cohorts (data release 06/10/2026); IPEDS 2024-25 directory and institutional characteristics; fall 2023 enrollment.

Earnings by major

Median earnings of bachelor’s graduates a few years after finishing, by major (College Scorecard).

Median earnings by major
MajorMedian earnings
Electrical engineering$117,813
Mechanical engineering$98,213
Computing and information science$95,750
Petroleum Engineering$95,234
Chemical Engineering$85,900
Biology$48,211

Also offered (no earnings published yet): Business administration, Chemistry, Civil engineering, Computer science, Engineering-Related Fields, Environmental/Environmental Health Engineering, Geology and earth science, Information science, Liberal arts, Materials Engineering, Mathematics, Mining and Mineral Engineering, Natural resources and conservation, Physical Sciences, Physics, Psychology, Writing and rhetoric.

What students study most

Share of bachelor’s degrees by field, first majors in 2023–24 (IPEDS).

Most common bachelor’s fields
FieldShare of degrees
Engineering59%
Computer and information sciences11%
Physical sciences11%
Biology8%
Mathematics and statistics5%

Campus life

SettingTown
Part-time undergraduates5%
Undergraduates aged 25 and older13%
On-campus room and board (per year)$10,350
Study abroadOffered
Students per faculty member9 to 1
Faculty who are full-time83%College Scorecard, fall 2023
Endowment per student$59,825IPEDS, 2023, per student
Dorm spaceFor about 66% of studentsBeds ÷ undergraduates; not how many live on campus
Nearest major airportAlbuquerque International Sunport (ABQ)About 69 miles away
Town population8,481Census, 2020–2024
Nearest city of 250,000 people or moreAlbuquerqueAbout 73 miles away
Typical weather38°F in January · 77°F in JulyNOAA, 1991–2020, from Socorro, NM

Federal data (IPEDS and College Scorecard).

Campus safety reports

On-campus crimes reported in 2024, per 1,000 students.

On-campus crimes per 1,000 students
CategoryThis campusU.S. rate
Rape0.000.07
Robbery0.000.01
Aggravated assault1.230.04
Burglary1.850.08
Motor vehicle theft0.620.15

Numbers reflect what each campus reported. They differ with campus size and how reporting is done, so compare with care. U.S. rate: total reported offenses divided by total students at every institution in the report.

Source: Official data: U.S. Department of Education

Questions families ask

What is New Mexico Institute of Mining and Technology’s Compass Score?
Excellent (grade A-). It ranks in the top 20% of rated colleges. The grade comes from outcomes (40%: graduation, retention and earnings), entering students (40%: test scores and selectivity), cost (15%: debt and price after aid) and teaching (5%: class size), all from federal data.
How much does New Mexico Institute of Mining and Technology cost after financial aid?
The average net price is $9,873 a year for students who receive federal aid, after grants and scholarships. What your family pays depends on income; the college’s net price calculator gives your own estimate.
How hard is it to get into New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology admitted 44% of applicants in the most recent federal data.
How do New Mexico Institute of Mining and Technology’s graduates do?
57% of first-time, full-time students graduate within six years; the median earnings of former students ten years after entry are $76,489; the median federal debt at graduation is $19,085.

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