New Mexico Institute of Mining and Technology
New Mexico Institute of Mining and Technology — Earnings vs Cost (vs National Average)
New Mexico Institute of Mining and Technology at a Glance
The New Mexico Institute of Mining and Technology is a public university in Socorro, New Mexico, United States.
1889
137 years old
$48M
$47.7 million (2018)
987
175
320 acres
Identity
Is New Mexico Institute of Mining and Technology Worth It?
New Mexico Institute of Mining and Technology is one of the strongest value propositions in higher education. At $9,873/year net price and $76,489 median earnings, graduates earn 7.7× their annual cost within a decade of enrolling.
The investment pays for itself in just 0.5 years — among the fastest payback periods of any college we track.
A 57% graduation rate is a serious red flag — fewer than 6 in 10 students finish. Those who don't graduate may still carry student debt without the higher-earning credential to show for it.
Bottom line: New Mexico Institute of Mining and Technology delivers strong financial returns that justify the investment for most students.
How New Mexico Institute of Mining and Technology compares to peer public colleges of similar tier nationally
Ranked #1 of 6 on value score. Peers are matched by size, median earnings, SAT, and admission rate — not just geography.
| Rank | College | Value | Net price / yr | Median earnings |
|---|---|---|---|---|
| #1 | New Mexico Institute of Mining and Technology | 100 | $9,873 | $76,489 |
| #2 | Maine Maritime Academy | 58 | $23,414 | $89,964 |
| #3 | University of New Hampshire College of Professional Studies Online | 34 | $10,864 | $66,479 |
| #4 | Ohio State University-Marion Campus | 34 | $11,488 | $60,409 |
| #5 | Ohio State University-Lima Campus | 24 | $12,940 | $60,409 |
| #6 | Ohio State University-Mansfield Campus | 14 | $16,197 | $60,409 |
Peer group: public colleges within ±60% of New Mexico Institute of Mining and Technology's student body size and within a similar academic tier (SAT ±80, admit rate ±10pp, median earnings ±25%).
Best Programs at New Mexico Institute of Mining and Technology
The highest-earning program at New Mexico Institute of Mining and Technology is Mechanical Engineering at $53,600/year (4 years after graduation).
Your major matters more than the school name — a Mechanical Engineering graduate from New Mexico Institute of Mining and Technology earns $53,600, while a Mechanical Engineering graduate earns $53,600. Choose your program carefully — it's the single biggest lever you control.
Debt also varies by program: Mechanical Engineering graduates carry $21,978 in median debt vs. $21,978 for Mechanical Engineering.
Return on Investment
Estimated 4-Year Cost
Based on $9,873/yr net price × 4 years
Earnings Premium
vs. national average of $53,787/yr
Payback Period
Time to recoup the total cost through higher earnings
10-Year Net Gain
Median earnings over 10 years minus total cost of attendance
Programs & Earnings by Major
Graduate earnings data by field of study (4 years after graduation):
| Major | Earnings (4yr) | Earnings (1yr) | Median Debt |
|---|---|---|---|
| Mechanical Engineering | $53,600 | $53,600 | $21,978 |
Similar Colleges in NM
Quick Facts
- Institution Type
- public
- Location
- Socorro, NM
- Student Body
- 995 students
- Admission Rate
- 44%
- Graduation Rate
- 57%
- Net Price (Annual)
- $9,873
- Median Earnings (10yr)
- $76,489
- Median Student Debt
- $19,085