New Mexico Institute of Mining and TechnologySocorro, NM
801 Leroy Place, Socorro, NM 87801
New Mexico Institute of Mining and Technology, or New Mexico Tech, is a public research university in Socorro, New Mexico. Founded in 1889, it is the state's oldest technical university. It is also a land-grant university and a sea-grant college.
New Mexico Tech offers over 60 undergraduate and graduate degrees in a wide range of STEM fields, including engineering, computer science, physics, chemistry, and mathematics. The university is known for its strong research programs, particularly in astrophysics, atmospheric science, and geophysics.
New Mexico Tech is also home to the Energetic Materials Research and Testing Center, which conducts research on explosives and propellants. The university has a long history of involvement in the space program, and has been involved in research for NASA since the 1960s.
New Mexico Tech is a member of the University Research Association, a consortium of the nation's leading research universities. The university is accredited by the Higher Learning Commission.
Acceptance Rate: 96.58%
Type: Public, 4-year or above
Main Website: https://www.nmt.edu/
Financial Aid: https://www.nmt.edu/finaid/index.php
Total Cost In-State On-Campus: $21083
Total Cost Out-State On-Campus: $36912
Return on Investment Rating
The estimated cost for four years as an undergraduate at New Mexico Institute of Mining and Technology is $83424.57. This includes the average cost of attendance for four years plus the interest on the average loan over a ten year repayment minus the average of grants and scholarships per student.
We then contrast this figure with average early-career and mid-career average incomes of graduates of four year programs at New Mexico Institute of Mining and Technology. For graduates of New Mexico Institute of Mining and Technology, we saw an average early-career income of $70500.00 and mid-career income of $129000.00. We then ranked the school's value based on how many years of mid-career income it takes to repay the educational costs.