2023 Comprehensive Report on Rankings, Costs, Graduation Rate and More
Student / Faculty
New Mexico Institute of Mining and Technology
is a public, four or more years institution with a total student enrollment of 1,734. In 2021, there were 2 psychology and social work graduates.
Psychology Degrees Offered
Public, Four or more years
Higher Learning Commission
Psychology Programs Offered
For psychology degrees, New Mexico Institute of Mining and Technology offers General Psychology at the bachelor level.
In the table below, see the programs offered and the number of graduates in each program.
|Psychology Graduates in 2021||BS|
In the fall of 2021, 1,006 students applied to the New Mexico Institute of Mining and Technology. The university admitted 97% and 31% of those who were admitted also enrolled.
By comparison, the average number of applicants for New Mexico universities is 6,592. On average, all New Mexico institutions admit 71% and 40% of those who were admitted end up enrolling into the institution.
The percentage of New Mexico Institute of Mining and Technology students who return after their first year to begin their second year is 76%. Compared to all New Mexico four or more years colleges, the percentage is 57%.
The overall graduation rate for New Mexico Institute of Mining and Technology is 55%, compared to 38% for all New Mexico universities, while the number of students who transferred out of the program is 60%.
Compare NMT to New Mexico Four or more years Colleges
Offering Psychology Degrees
Compare admission, acceptance, retention and graduation rates of New Mexico Institute of Mining and Technology to the average of all New Mexico four or more years schools that offer psychology degrees.
Why it Matters
Compare Admission and Enrollment
Low admission rates and high enrollment rates denote not only how selective a school is, but also how in-demand the school is. High graduation rates show the overall success of an institution.
In the fall of 2021, there were 138 or 79% full-time instructional or research faculty members of all faculty and there were 37 or 21% part-time faculty members employed at New Mexico Institute of Mining and Technology. The number of full-time instructional faculty was 135 or 77%.
Part-time teachers are paid less and cost less, so any organization with a disproportionate number of part-time teachers can invest money in more important areas. However, as part-time teachers, participants can work full-time in their profession and bring experience to the classroom.
Why it Matters
Compare Faculty Numbers
Low student faculty ratios and high full-time instructional percentages indicate that institutions focus their investments in areas that matter most to students.
For the 2021-2022 academic year at New Mexico Institute of Mining and Technology the average cost of undergraduate tuition is $7,031, and the average cost for books and supplies is $800.
For graduate students, the average cost for tuition is $7,344 and the average cost for graduate fees is $1,373.
In the table below, find the average total expenses to attend New Mexico Institute of Mining and Technology in 2021-2022 including tuition, room, board and living expenses for both undergraduate and graduate students.
Note that the average total expenses do not include financial aid, grants, loans or scholarships. You can find the average financial aid and net price data in the sections below.
|Expenses for New Mexico Institute of Mining and Technology||2021-2022|
|On Campus Room & Board||$8,518|
|On-Campus Living Expenses||$3,450|
|Total Living Expenses||$11,968|
|Tuition for In-State, Undergraduate||$7,031|
|Books and Supplies, Undergraduate||$800|
|Total Undergraduate Expenses||$19,799|
|In-State, Graduate Tuition||$7,344|
|In-State, Graduate Fees||$1,373|
|Total Graduate Expenses||$8,717|
Average Net Price
The average net price to attend New Mexico Institute of Mining and Technology is $12,471. Average net price is calculated by adding tuition, room, board, living costs, books, supplies together and then subtracting the average financial (grants, scholarships and loans) for federal financial aid recipients.
In other words, the average net price is the average amount students pay to attend this university for one year.
Average net price is calculated from the most recent data supplied by each institution to the US Department of Education and is found by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance. The total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies, and the weighted average for room and board and other expenses.
Net Price by Family Income
Depending on the federal, state, or institutional grant aid available, the table below shows the average amount students pay to attend New Mexico Institute of Mining and Technology presented by family income bracket.
Students may pay more or less depending on their individual circumstances; however, these are the average costs as tracked by the university and reported to the U.S. Department of Education.
|Average Net Price by Income||2020-2021||2021-2022|
|$0 – $30,000||$9,697||$7,320|
|$30,001 – $48,000||$12,364||$7,566|
|$48,001 – $75,000||$15,379||$11,039|
|$75,001 – $110,000||$17,961||$15,085|
|$110,001 and more||$17,705||$16,229|
Compare New Mexico Institute of Mining and Technology to all New Mexico universitas that offer psychology degrees for the cost to attend, average financial aid, percent of students receiving aid and the average net price to attend.
For program ranking, we see a lower overall cost of tuition and cost of living expenses minus the average financial aid a student may receive as the ranking factor student may want to consider.
Why it Matters
Compare Average Cost to Attend and Net Price
Low student faculty ratios and high full-time instructional professors indicates to us institutions that focus their investments in areas that matter most: the education of students by the best instructors possible.
The number of beginning students who enter postsecondary education for the first time and receive financial aid is 271 or 97%.
The number of undergraduate students who receive a grant or scholarship is 1,037 and the average amount of their grant or scholarship is $8,442.
All Undergraduate Students
|Type of Aid||# Receiving Aid||Average Aid Received|
|Grant or Scholarship Aid||1,037||$8,442|
|Federal Student Loans||557||$6,191|
Below, compare the financial aid students receive at the New Mexico Institute of Mining and Technology to all schools across the United States that offer psychology degrees.
We see higher percentages of those receiving aid and the percent that aid covers the net price of education as an indicator of the strength of the institution.
Why it Matters
Compare Financial Aid
Financial Aid can make the difference between being able to afford college or being priced out of college. Many students may find college far more affordable than they could imagine, when accounting for the various kinds of financial aid available.
See Additional Psychology Schools for New Mexico.
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