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) - New Mexico Tech
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship1,03483% $10,887,625$10,530
Pell Grants40432% $2,104,340$5,209
Federal Student Loan50040% $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) - New Mexico Tech
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid29399% --
Grants or Scholarships29299%$3,005,562$10,293
Federal Grants10034%$552,401$5,524
Pell Grants9933%$497,697$5,027
Other Federal Grants6823%$54,704$804
State/Local Grants24181%$1,148,181$4,764
Institutional Grants27091%$1,304,980$4,833
Student Loan Aid12542%$615,640$4,925
Federal Student Loans12241%$561,868$4,605
Other Student Loans52%$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 LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level111111$1,680,300$15,138
0-30,0004545$785,318$17,452
30,001-48,0003636$576,503$16,014
48,001-75,0002121$243,503$11,595
75,001-110,00077$65,976$9,425
110,001 or more22$9,000$4,500


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