Financial Aid at New Mexico Tech

Average Amount Received	% Received Financial Aid
$10,530	83%

1,034 students (83% of total 1,244 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at New Mexico Institute of Mining and Technology.

The average amount of the aid awarded is $10,530. For the first-time, full-time beginning students (freshmen), 99% of total 296 enrolled students have received any kind of financial aid and its average amount of aid received is $10,293.

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All Undergraduate Financial Aid

At New Mexico Institute of Mining and Technology, 1,034 undergraduate students (83% of total 1,244 students) have received financial aid including grants, scholarships, and/or federal student loans.The average amount of aid received is $10,530.

Financial Aid Statistics (All Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or Scholarship	1,034	83%	$10,887,625	$10,530
Pell Grants	404	32%	$2,104,340	$5,209
Federal Student Loan	500	40%	$2,829,044	$5,658

Beginning Undergraduate Students (Freshmen) Financial Aid

293 beginning undergraduate students (99% of total 296 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at New Mexico Institute of Mining and Technology. The average amount of aid received is $10,293.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	293	99%	-	-
Grants or Scholarships	292	99%	$3,005,562	$10,293
Federal Grants	100	34%	$552,401	$5,524
Pell Grants	99	33%	$497,697	$5,027
Other Federal Grants	68	23%	$54,704	$804
State/Local Grants	241	81%	$1,148,181	$4,764
Institutional Grants	270	91%	$1,304,980	$4,833
Student Loan Aid	125	42%	$615,640	$4,925
Federal Student Loans	122	41%	$561,868	$4,605
Other Student Loans	5	2%	$53,772	$10,754

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 at New Mexico Institute of Mining and Technology.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
Income Level	Number of Students	Number of Students Awarded	Total Amount Aid Awarded	Average Amount Aid Awarded
All level	111	111	$1,680,300	$15,138
0-30,000	45	45	$785,318	$17,452
30,001-48,000	36	36	$576,503	$16,014
48,001-75,000	21	21	$243,503	$11,595
75,001-110,000	7	7	$65,976	$9,425
110,001 or more	2	2	$9,000	$4,500

Financial Aid at New Mexico Tech

All Undergraduate Financial Aid

Beginning Undergraduate Students (Freshmen) Financial Aid

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

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