New Mexico Institute Tech
54% accepted | 1k undergrads | Public | Socorro, NM
All majors / fields
Key metrics
Publisher ranking
help
star star star_half star star
2.9
Student review
help
star star star star_half star
3.7
Student-to-faculty
9:1
Graduation rate
56%
Graduate on time
help
32%
Retention rate
help
77%
Costs
State residency
Family income
Sticker price (COA) help
Estimated aid
help
Based on income
Estimated net cost
4-year net cost (x4)
Inflation adj. 3%
Personalize my costs.
help
Funding Sources
4-year budget
$
College savings (529), earnings in college.
Funding gap (debt)
Merit: 81% of students (80% w/o need) get $9,110 (avg) in aid. Need: 88% met. See detail
nmt.edu: Financial aid | Net price calc
Earnings
Major
Earnings after 4 years N/A
$76,489
Real earnings
---
Inflation adj. 8%
help
$82,608
Tax rate
%
Get earnings after tax here to adjust rate.
Earnings after tax (AT)
Select repayment plan
For funding gap (debt)
Debt detail
% AT earnings to repay debt
help
%
20% is a fast repayment level.
help
% interest rate on debt
%
Federal rates with 20% PLUS.
help
Plan comparison for debt
help
Annual debt repayment
Earnings after tax and debt ---
Lifestyle
Postgrad earnings and expenses
emoji_objects
Cities with the star within the red area may be unaffordable.
help
| Location adjusted | Savings | ||
|---|---|---|---|
| Ratio | Earnings | / Deficit | |
| New Mexico Institute Tech | 0.89x | ||
| Location neutral earnings help | 1.00x | ||
| ABQ | Albuquerque, NM | 0.84x | ||
| ABQ | Albuquerque, NM | 0.84x | ||
| DEN | Denver, CO | 1.18x | ||
| HOU | Houston, TX | 0.96x | ||
emoji_objects
Location adjusted earnings - taxes - debt repay - cost of living expenses = ending savings / deficit.
emoji_objects
The colleges’ ratio reflects a weighted average of their graduates’ cost of living. Location neutral earnings is the weighted average of all graduates across all colleges, which is ~$39k or Salt Lake City’s cost of living.
Taxes
help
Expenses
Grad destination
Popular grad destinations
Earnings after tax and debt ---
Cost of living | 1 adult, 0 children
Studio apartment
$690 - $1,240/mo
help
$8,280
Grocery shopping help
$3,221
Transportation
$9,490
Healthcare
$3,476
Necessities help
$3,867
Entertainment help
$1,547
Other
$
Costs or offsets to adjust cost of living.
Total cost of living
Earnings after tax, debt + cost of living
Savings
Deficit
Cost of living ratio: 0.84x
Costs
help