New Mexico Institute of Mining and Technology
Socorro, New Mexico · Also known as New Mexico Tech · Website
$76,489
median earnings, 10 years after starting
$76,489
median earnings, 10 years after starting
New Mexico Institute of Mining and Technology is a public 4-year college in Socorro, New Mexico with 995 undergraduates and 556 graduate students. Its average net price after grants is $9,873 a year (tuition and fees $9,476 in-state, $27,247 out-of-state). It admits 44% of applicants and 57% of students finish within 6 years. Former students earn a median $76,489 a year 10 years after they started, and graduates leave with a median $19,085 in federal student loans.
Updated Oct 10, 2026 · June 2026 data
Net price
$9,873
US median $17,138
Tuition in-state
$9,476
Out-of-state $27,247
Admission rate
44%
US median 78%
Completion rate
57%
Within 6 years, US 58%
Median debt
$19,085
About $202 a month
Earnings at 10 years
$76,489
Rank 243 of 5,094 in the US
Cost
What a year costs: posted prices and the average after grants
Net price by family income
Average yearly cost after grants, for students who get aid
- Net price
- $9,873
- Tuition in-state
- $9,476
- Tuition out-of-state
- $27,247
- Cost of attendance
- $24,967
- Students with a need-based grant
- 30%
- Students with federal loans
- 31%
- Net price, family income under $30K
- $5,136
- Net price, family income $30K to $48K
- $7,640
- Net price, family income $48K to $75K
- $10,106
- Net price, family income $75K to $110K
- $14,753
- Net price, family income over $110K
- $13,464
Net price is what students who get aid pay on average after grants.
Tuition and net price by year
School years 2015-16 to 2024-25. The year on the chart is the year the school year starts.
Yearly cost
Tuition and fees went from $6,613 in 2015-16 to $9,476 in 2024-25.
Admission, completion and retention
Share of applicants admitted, of students who finish and of first-year students who come back
Admission and students
- Admission rate
- 44%
- Average SAT
- 1,207
- SAT reading, middle
- 605
- SAT math, middle
- 610
- ACT, middle
- 26
- Undergraduates
- 995
- Graduate students
- 556
- Part-time students
- 5.4%
- Women
- 28%
- Students per teacher
- 9
- Completion rate
- 57%
- Retention rate
- 77%
- Highest degree
- Graduate degree
- Programs
- 61
- Endowment
- $96.7M
- Other
- Hispanic-serving
Earnings and debt
Compared with the medians of the colleges of its state, of colleges of the same kind and of all US colleges
Median earnings 10 years after starting rank 243 of 5,094 US colleges and 1 of 35 in New Mexico (1 = highest).
| Measure | College | NM median | Same kind | US median |
|---|---|---|---|---|
| Net price | $9,873 | $8,706 | $12,792 | $17,138 |
| Tuition in-state | $9,476 | $2,289 | $8,626 | $11,837 |
| Admission rate | 44% | 89% | 83% | 78% |
| Completion rate | 57% | 32% | 46% | 58% |
| Retention rate | 77% | 60% | 76% | 75% |
| Median debt | $19,085 | $11,356 | $19,500 | $13,271 |
| Earnings after 6 years | $54,530 | $32,960 | $43,105 | $35,656 |
| Earnings after 10 years | $76,489 | $38,550 | $50,314 | $40,813 |
Best-paid programs
Median earnings 1 year after graduation
Same kind: US public 4-year colleges. Earnings and debt are medians of former students who received federal student aid. 73% of borrowers lowered their balance within 3 years. 76% earn more than a typical high school graduate 6 years after starting.
Programs
61 fields of study and credentials, with graduates, debt and earnings
| Field of study | Graduates | Median debt | Earnings 1 yr | Earnings 4 yr | US median 4 yr | |
|---|---|---|---|---|---|---|
| Mechanical EngineeringBachelor's | Bachelor's | 50 | $19,500 | $57,424 | $98,213 | $92,135 |
| Computer ScienceBachelor's | Bachelor's | 32 | Withheld | Withheld | Withheld | - |
| Mechanical EngineeringMaster's | Master's | 23 | Withheld | $92,541 | Withheld | $115,974 |
| Biology, GeneralBachelor's | Bachelor's | 23 | Withheld | Withheld | $48,211 | $57,214 |
| Chemical EngineeringBachelor's | Bachelor's | 20 | $15,000 | $57,215 | $85,900 | $98,158 |
| Electrical, Electronics, and Communications EngineeringBachelor's | Bachelor's | 18 | $15,981 | $73,300 | $117,813 | $100,647 |
| Materials EngineeringBachelor's | Bachelor's | 12 | Withheld | Withheld | Withheld | $91,449 |
| Civil EngineeringBachelor's | Bachelor's | 11 | Withheld | Withheld | Withheld | $86,517 |
| Petroleum EngineeringBachelor's | Bachelor's | 11 | $24,000 | $42,325 | $95,234 | $104,823 |
| Mining and Mineral EngineeringMaster's | Master's | 10 | Withheld | Withheld | Withheld | $113,005 |
| Engineering-Related FieldsMaster's | Master's | 10 | Withheld | Withheld | Withheld | $125,651 |
| Geological and Earth Sciences/GeosciencesMaster's | Master's | 10 | Withheld | Withheld | Withheld | $79,463 |
| MathematicsBachelor's | Bachelor's | 9 | Withheld | Withheld | Withheld | $69,562 |
| PhysicsBachelor's | Bachelor's | 9 | Withheld | Withheld | Withheld | $76,786 |
| Computer ScienceMaster's | Master's | 8 | Withheld | Withheld | Withheld | - |
| Psychology, GeneralBachelor's | Bachelor's | 8 | Withheld | Withheld | Withheld | $50,706 |
| Teacher Education and Professional Development, Specific Subject AreasMaster's | Master's | 7 | Withheld | Withheld | $70,333 | $63,707 |
| ChemistryBachelor's | Bachelor's | 7 | Withheld | Withheld | Withheld | $65,120 |
| Chemical EngineeringMaster's | Master's | 6 | - | - | Withheld | - |
| Biology, GeneralMaster's | Master's | 6 | Withheld | Withheld | Withheld | - |
| Petroleum EngineeringMaster's | Master's | 5 | Withheld | Withheld | Withheld | - |
| Electrical, Electronics, and Communications EngineeringMaster's | Master's | 4 | Withheld | Withheld | Withheld | $133,654 |
| Mining and Mineral EngineeringBachelor's | Bachelor's | 4 | Withheld | Withheld | Withheld | $101,390 |
| Engineering-Related FieldsBachelor's | Bachelor's | 4 | Withheld | Withheld | Withheld | $89,619 |
| Liberal Arts and Sciences, General Studies and HumanitiesBachelor's | Bachelor's | 4 | Withheld | Withheld | Withheld | $53,072 |
In the area
- Jobs, pay and new homes: the county of Socorro and New Mexico on Local Economy
- More colleges: All colleges in New Mexico
- Homes: Homes for sale in New Mexico
Questions and answers
How much does New Mexico Institute of Mining and Technology cost?
$9,873 a year is the average net price at New Mexico Institute of Mining and Technology after grants and scholarships. Tuition and fees are $9,476 for in-state students and $27,247 for out-of-state students, and the full cost of attendance with housing, food and books is $24,967. Families earning under $30,000 pay $5,136 on average.
What is the acceptance rate at New Mexico Institute of Mining and Technology?
44% of applicants are admitted to New Mexico Institute of Mining and Technology. The average SAT score of admitted students is 1,207 and the middle ACT score is 26. The median admission rate of colleges in New Mexico is 89%.
How much do New Mexico Institute of Mining and Technology graduates earn?
$76,489 a year is the median pay of former New Mexico Institute of Mining and Technology students who work, 10 years after they started ($54,530 after 6 years). That ranks 243 of 5,094 US colleges and 1 of 35 in New Mexico. Its best-paid program one year after graduation is Mechanical Engineering (Master's) at $92,541.
How much student debt do New Mexico Institute of Mining and Technology graduates have?
$19,085 is the median federal student loan debt of New Mexico Institute of Mining and Technology graduates, about $202 a month over 10 years. The median across US colleges is $13,271. 31% of undergraduates take out federal loans.
What is the graduation rate at New Mexico Institute of Mining and Technology?
57% of first-time, full-time students at New Mexico Institute of Mining and Technology finish within 6 years. 77% of first-year students come back for a second year. The median of public 4-year colleges is 46%.
What are the most popular majors at New Mexico Institute of Mining and Technology?
Mechanical Engineering (50 bachelor's graduates), Computer Science (32 bachelor's graduates), Mechanical Engineering (23 master's graduates) had the most graduates in the newest year, out of 61 programs.
Official public data, June 2026 release. Net price is for first-time, full-time students who get aid. Completion counts first-time, full-time students who finish within 150% of the normal time. Debt and earnings are medians of students who received federal student aid, measured a few years after they left, in the dollars of the year measured; earnings count former students who work and are not enrolled, including those who did not finish.