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New Mexico Institute of Mining and Technology

Socorro, NM·Public·1,122 students
Last updated: March 22, 2026

A good fit for families who need the lowest possible cost and students who want small classes and close faculty access. no major red flags in the data. solid earnings of $58,500 within 10 years.

54%
Accept
1,122
Students
$8,265
Net Price
56%
Grad Rate
$58,500
Earnings
10 yr
$11,057
Debt

About This School

New Mexico Institute of Mining and Technology is a public institution located in Socorro, New Mexico with approximately 1,122 undergraduate students enrolled. New Mexico Institute of Mining and Technology has an open or accessible admissions process, with an acceptance rate of 54%. The average net price after financial aid is $8,265 per year. The graduation rate is 56%, and the typical graduate earns $58,500 within 10 years of enrollment.

The New Mexico Institute of Mining and Technology, formerly New Mexico School of Mines, is a public university in Socorro, New Mexico, United States.

This is a strong option for students serious about STEM, offering remarkably affordable tuition — graduates leave with a median debt of just $11,057 and earn $58,500 a decade out, a solid return on a very low investment. The small campus in rural Socorro means a tight-knit, focused environment, but it's not for everyone — a 56% graduation rate suggests many students struggle to finish, so you'll want to be honest about your readiness for a technically demanding program. Worth considering if you're a motivated science or engineering student who wants specialized training without taking on serious debt.

Founded
1889
Setting
Remote town

Popular Programs

Engineering54%
Computer Science14%
Biological Sciences10%
Physical Sciences9%
Mathematics4%
Psychology3%
English1%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Conrad HiltonValerie Aurora

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average Composite1182
Reading 75th %ile650
Math 75th %ile640

ACT Scores

Midpoint Composite26

Cost & Financial Aid

In-State Tuition
$9,058
Out-of-State Tuition
$26,312
Avg Net Price
$8,265
after aid

Financial Aid

Students receiving Pell Grants31%
Median debt at graduation$11,057

Full Cost

After Graduation

Graduation Rate
56%
within 6 years
Retention Rate
77%
freshmen returning
Earnings (10 yr)
$58,500
after enrollment
Median Debt
$11,057
at graduation

Will This School Pay Off?

Median Debt
$11,057
at graduation
Earnings (6 yr)
$49,000
after enrollment
Earnings (10 yr)
$58,500
after enrollment
Earnings-to-Debt Ratio: 5.3x

Strong return. Graduates earn well above their debt load.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White45%
Black1%
Hispanic/Latino41%
Asian3%

Source: U.S. Department of Education College Scorecard (1,122 undergraduates).

Contact & Location

Address

New Mexico Institute of Mining and Technology

801 Leroy Place

Socorro, NM 87801

View on Google Maps →

Other Schools in New Mexico

Browse all New Mexico schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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