New Mexico Institute of Mining and Technology
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.
About This School
New Mexico Institute of Mining and Technology is a public institution located in Socorro, New Mexico with approximately 995 undergraduate students enrolled. The school is moderately selective, accepting approximately 44% of applicants. The average net price after financial aid is $9,873 per year. The graduation rate is 57%, 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.
Popular Programs
Percentage of degrees awarded. Source: College Scorecard.
Notable Alumni
Source: Wikidata. Used for context only.
Admissions
SAT Scores
ACT Scores
Cost & Financial Aid
Net Price by Family Income
Average annual cost after grants/scholarships, by household income. Source: U.S. Department of Education College Scorecard.
Financial Aid
Full Cost
After Graduation
Earnings 6 Years After Enrollment, by Gender
Gap: 25% less for female graduates. National avg ~16%.
What Each Major Actually Earns
Median earnings four years after graduation, by major, next to the national median for that same major at every college. The school-wide average hides this: at most schools the spread between the best- and worst-paying majors is far wider than the gap between schools.
New Mexico Institute of Mining and Technology graduates earn most above the national rate in Electrical, Electronics, and Communications Engineering ($117,813 vs $100,647 nationally), and most below it in Chemical Engineering ($85,900 vs $98,158).
| Major | Grads | Here | National | Diff |
|---|---|---|---|---|
| Mechanical Engineering | 50 | $98,213 | $92,135 | +$6,078 |
| Biology, General | 23 | $48,211 | $57,214 | −$9,003 |
| Chemical Engineering | 20 | $85,900 | $98,158 | −$12,258 |
| Electrical, Electronics, and Communications Engineering | 18 | $117,813 | $100,647 | +$17,166 |
| Petroleum Engineering | 11 | $95,234 | $104,823 | −$9,589 |
| Computer and Information Sciences, General | 2 | $95,750 | $92,374 | +$3,376 |
U.S. Department of Education, College Scorecard field-of-study data. Median earnings of graduates working and not enrolled four years after completing a bachelor's degreehere. Majors with too few graduates to report are omitted for privacy, so this is not the school's full program list.
Will This School Pay Off?
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
Source: U.S. Department of Education College Scorecard (995 undergraduates).
Contact & Location
Address
New Mexico Institute of Mining and Technology
801 Leroy Place
Socorro, NM 87801
Official Links
Schools Like This in New Mexico
Northern New Mexico College
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University of New Mexico-Gallup Campus
Gallup, NM · Public
Eastern New Mexico University-Roswell Campus
Roswell, NM · Public
Clovis Community College
Clovis, NM · Public
New Mexico Highlands University
Las Vegas, NM · Public
See How Colleges Compare
New Mexico Institute of Mining and Technology is one of thousands of colleges in our data studies, each built from the same U.S. Department of Education data shown on this page. Compare schools head to head:
Frequently Asked Questions
What is the acceptance rate at New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology has an acceptance rate of 44%, based on the most recent data from the U.S. Department of Education.
Is New Mexico Institute of Mining and Technology hard to get into?
New Mexico Institute of Mining and Technology is moderately selective, with an acceptance rate of 44%. Solid grades and a complete application give most applicants a real shot.
How much does New Mexico Institute of Mining and Technology cost?
The average net price at New Mexico Institute of Mining and Technology is about $9,873 per year after grants and scholarships, based on federal data. Your actual cost depends on your family's finances and aid package.
What is the graduation rate at New Mexico Institute of Mining and Technology?
New Mexico Institute of Mining and Technology has a graduation rate of 57%, according to U.S. Department of Education data.
Sources & Methodology
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.
School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.
- 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.
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