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Colleges / NM / Socorro
New Mexico Institute of Mining and Technology logo

New Mexico Institute of Mining and Technology

Public Socorro, NM · Town · Southwest · 100% data reported · Agent Insights
57%
Graduation Rate
$76,489
Earnings (10yr)
$9,873
Net Price
44%
Acceptance Rate

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Overview

With an enrollment of just 995 students, New Mexico Institute of Mining and Technology is a close-knit community that’s particularly well-suited for those passionate about fields like Engineering, Computer Science, and the Physical Sciences. The 44% acceptance rate indicates a selective process, attracting students who are ready to dive deep into their studies. If you’re looking for a place to immerse yourself in technical and scientific disciplines, this school stands out for its commitment to these areas.

Graduates from New Mexico Tech can expect solid earning potential, with a median income of $76,489 a decade after finishing their degrees. That number speaks volumes about the value of the education here, especially considering that many students graduate with a manageable median debt of $19,085. While 30% of students receive Pell Grants, indicating the presence of financial need, the overall affordability of the net price—around $9,873 after aid—makes this institution accessible for a range of students.

When it comes to thriving at New Mexico Tech, students who are self-motivated and have a genuine interest in science and technology tend to excel. The supportive environment, combined with a focus on practical skills, helps students navigate their academic journey effectively. With a graduation rate of 57%, those who stay engaged with their studies are well-positioned for successful careers after graduation.

Rankings

How New Compares

Dot right of center = above national average.

NATIONAL AVGGraduation57%Earnings 10yr$76KNet Price$10KRetention77%Median Debt$19KPell Grant Rate30%

Net Price by Family Income

What families actually pay after aid, by income bracket.

$5K$0-30K$8K$30-48K$10K$48-75K$13K$110K+

The Mobility Equation

Mobility = Access x Success. How many low-income students get in, and how many reach the top 20%?

ACCESS% from bottom 20%836.9%SUCCESS% who reach top 20%4767.7%MOBILITY399.02%

Cost & Financial Aid

$9,476
In-State Tuition
$27,247
Out-of-State
$9,873
Avg Net Price
$19,085
Median Debt
30%
Pell Grant Rate
31%
Federal Loan Rate

What Families Actually Pay

$5,136
Family Income $0–$30K
$7,640
Family Income $30K–$48K
$10,106
Family Income $48K–$75K
$13,464
Family Income $110K+

Graduate Outcomes

$54,530
6 Years After Entry
$60,432
8 Years
$76,489
10 Years
0.25x
Debt-to-Earnings
71%
Earning > $25K

Earnings Trajectory

$54,530 6yr $60,432 8yr $76,489 10yr

Social Mobility

Data: Raj Chetty's Mobility Report Card · 30M+ anonymized tax records

399.02%
Mobility Rate
Bottom 20% → Top 20%
4767.7%
Success Rate
If bottom 20% get in
836.9%
From Bottom 20%
Share of students
$91,800
Parent Median Income

Social Capital

Data: Opportunity Insights Social Capital Atlas

1.38
Economic Connectedness
Cross-class friendships
-0.05
Friending Bias
Lower = more inclusive
7.5%
Volunteering Rate
1.00
Support Ratio
Community support

Innovation

Data: Opportunity Insights Patent & Innovation Data

3.782%
Inventor Rate
24
Total Patents
1
Total Citations

Academics & Admissions

Acceptance Rate 44%
Retention Rate 77%
SAT Average 1207
ACT Midpoint 26
SAT Range 1080–1310
ACT Range 20–29
Full-Time Faculty 83%
Faculty Salary (mo) $10,264
Diversity Index 0.62
First-Gen Students 26%

Top Programs

Engineering 59%
Computer Science & IT 11%
Physical Sciences 11%
Biology & Biomedical 8%
Mathematics & Statistics 5%
Humanities 2%
Psychology 1%
English & Literature 0%