Financial Aid At New Mexico Institute of Mining and Technology

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At New Mexico Institute of Mining and Technology, 1,058 undergraduate students (72% of total 1,471 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $6,627.
Financial Aid Statistics (All Undergraduate Students) at New Mexico Institute of Mining and Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship1,05872% $7,010,886$6,627
Pell Grants44230% $2,079,432$4,705
Federal Student Loan69447% $4,657,950$6,712

Beginning Undergraduate Students (Freshmen) Financial Aid

232 beginning undergraduate students (97% of total 238 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 $6,673.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) at New Mexico Institute of Mining and Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid23297% --
Grants or Scholarships22695%$1,508,082$6,673
Federal Grants10343%$386,619$3,754
Pell Grants7532%$345,084$4,601
Other Federal Grants2812%$41,535$1,483
State/Local Grants18979%$510,077$2,699
Institutional Grants19180%$611,386$3,201
Student Loan Aid14762%$749,573$5,099
Federal Student Loans14260%$724,931$5,105
Other Student Loans52%$24,642$4,928

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

Next table shows number of students awarded and average grants/scholarship aid amount by income level for academic year 2015-2016 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 (New Mexico Institute of Mining and Technology. For this statistics, Only students who paying the in-state or in-district tuition rate are considered.
Grants of Scholarship Aid Statistics By Income Level at New Mexico Institute of Mining and Technology
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level163157$1,142,242$7,008
0-30,0002626$293,699$11,296
30,001-48,0003333$329,154$9,974
48,001-75,0002828$169,944$6,069
75,001-110,0002928$149,102$5,141
110,001 or more4742$200,343$4,263


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