Tuition & Fees Changes
For the current year (2024), the average tuition & fees for New Mexico colleges is $7,673 for New Mexico residents and $15,310 out-of-state students. In private schools, the average tuition & fees is $25,217.
For graduate programs, the 2024 average graduate tuition & fees is $8,839 for New Mexico residents and $16,213 out-of-state students. In private schools, the average graduate program tuition & fees is $26,406.
The tuition & fees has increased 28.47% for undergraduate programs and 30.00% for graduate programs at New Mexico colleges. The following table and chart illustrate the changes of tuition & fees by tuition rates and degrees.
| Year | Undergraduate | Graduate | ||||
|---|---|---|---|---|---|---|
| In-State | Out-of-State | Private Schools | In-State | Out-of-State | Private Schools | |
| 2014-15 | $4,963 | $11,917 | $22,849 | $5,377 | $11,316 | $17,877 |
| 2015-16 | $5,324 7.27% | $12,503 4.92% | $22,322 -2.31% | $5,640 4.89% | $11,587 2.39% | $17,450 -2.39% |
| 2016-17 | $5,704 7.14% | $13,077 4.59% | $23,845 6.82% | $6,380 13.12% | $12,508 7.95% | $18,489 5.95% |
| 2017-18 | $5,870 2.91% | $13,469 3.00% | $24,380 2.24% | $6,597 3.40% | $12,969 3.69% | $20,213 9.32% |
| 2018-19 | $6,057 3.19% | $13,479 0.07% | $23,716 -2.72% | $6,549 -0.73% | $12,315 -5.04% | $20,976 3.77% |
| 2019-20 | $6,270 3.52% | $13,937 3.40% | $19,960 -15.84% | $6,736 2.86% | $12,723 3.31% | $22,043 5.09% |
| 2020-21 | $6,359 1.42% | $14,228 2.09% | $21,227 6.35% | $6,740 0.06% | $12,797 0.58% | $22,234 0.87% |
| 2021-22 | $6,437 1.23% | $14,441 1.50% | $25,950 22.25% | $6,765 0.37% | $12,806 0.07% | $23,141 4.08% |
| 2022-23 | $7,355 14.26% | $15,084 4.45% | $24,922 -3.96% | $6,275 -7.24% | $12,486 -2.50% | $24,561 6.14% |
| 2023-24 | $7,673 4.32% | $15,310 1.50% | $25,217 1.18% | $7,146 13.88% | $14,711 17.82% | $25,650 4.43% |
