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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at New Mexico Institute of Mining and Technology since 2011.
For that period, the average number of students who received grants aid/scholarships is 1,098, which is 75.18 % of all undergraduate students. 631 students which is 43.00% of undergraduate students received federal student loans and the average loan amount is $6,307.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-121,054 (72%)$6,718398 (27%)$4,106533 (37%)$6,259
2012-131,117 (71%)$6,834462 (30%)$4,194547 (35%)$6,169
2013-141,169 (73%)$6,949477 (30%)$4,204636 (40%)$6,169
2014-151,188 (73%)$6,791493 (30%)$4,327694 (42%)$6,262
2015-161,181 (73%)$6,890468 (29%)$4,337751 (46%)$6,332
2016-171,151 (73%)$7,126467 (30%)$4,424741 (47%)$6,659
2017-181,058 (72%)$6,627442 (30%)$4,705694 (47%)$6,712
2018-191,060 (75%)$7,386449 (32%)$4,647678 (48%)$6,423
2019-201,032 (78%)$7,889439 (33%)$4,872613 (46%)$6,538
2020-211,037 (84%)$8,442406 (33%)$5,034557 (45%)$6,191
2021-221,034 (83%)$10,530404 (32%)$5,209500 (40%)$5,658
Average1,098 (75.18%)$7,471446 (30.55%)$4,551631 (43.00%)$6,307

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 281 (94.55 % of students) received grants or scholarships and its average amount is $7,327. It can cover 27.84% of tuition & fees ($26,312) based on out-of-state rate.
In addition, 147 (49.73 % of students) students get helped from the students loans (average amount : $5,167).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12308 (95%)$6,403136 (42%)$5,273
2012-13324 (94%)$6,778122 (35%)$4,439
2013-14300 (95%)$6,582138 (44%)$4,896
2014-15257 (90%)$6,817138 (48%)$4,987
2015-16304 (90%)$6,628187 (55%)$4,844
2016-17279 (93%)$6,883170 (56%)$5,355
2017-18226 (95%)$6,673147 (62%)$5,099
2018-19292 (96%)$7,131183 (60%)$6,026
2019-20243 (97%)$8,026139 (56%)$5,688
2020-21268 (96%)$8,378130 (47%)$5,310
2021-22292 (99%)$10,293125 (42%)$4,925
Average281 (94.55%)$7,327147 (49.73%)$5,167
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 92 (31.00 % of students) received Pell (federal) grants and its average amount is $4,522.
In addition, 223 students received State/local government grants/scholarships (75.18 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1285 (26%)$3,99130 (9%)$1,857205 (63%)$2,551284 (88%)$3,712
2012-13109 (32%)$4,1848 (2%)$3,076233 (67%)$2,751289 (84%)$3,718
2013-1496 (30%)$4,28120 (6%)$1,983206 (65%)$2,651249 (79%)$3,927
2014-1583 (29%)$4,36320 (7%)$1,764215 (75%)$3,325212 (74%)$3,018
2015-16103 (30%)$4,18925 (7%)$2,159246 (73%)$2,980242 (72%)$3,291
2016-1788 (29%)$4,42128 (9%)$1,744238 (79%)$3,080224 (74%)$3,346
2017-1875 (32%)$4,60128 (12%)$1,483189 (79%)$2,699191 (80%)$3,201
2018-19104 (34%)$4,67133 (11%)$1,528240 (79%)$3,042244 (80%)$3,344
2019-2079 (32%)$5,18191 (36%)$1,410211 (84%)$3,394189 (76%)$3,686
2020-2195 (34%)$4,83383 (30%)$1,205229 (82%)$3,408237 (85%)$3,821
2021-2299 (33%)$5,02768 (23%)$804241 (81%)$4,764270 (91%)$4,833
Average92 (31.00%)$4,52239 (13.82%)$1,728223 (75.18%)$3,150239 (80.27%)$3,627
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 147 (49.73 % of students) get any students loan help and its average loan amount is $147.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12136 (42%)$5,273136 (42%)$4,9734 (1%)$10,222
2012-13122 (35%)$4,439119 (34%)$4,2823 (1%)$10,700
2013-14138 (44%)$4,896133 (42%)$4,8545 (2%)$6,012
2014-15138 (48%)$4,987133 (47%)$4,8345 (2%)$9,040
2015-16187 (55%)$4,844177 (52%)$4,80510 (3%)$5,544
2016-17170 (56%)$5,355170 (56%)$5,1745 (2%)$6,172
2017-18147 (62%)$5,099142 (60%)$5,1055 (2%)$4,928
2018-19183 (60%)$6,026183 (60%)$5,2628 (3%)$17,482
2019-20139 (56%)$5,688137 (55%)$5,3097 (3%)$9,047
2020-21130 (47%)$5,310128 (46%)$4,9056 (2%)$10,415
2021-22125 (42%)$4,925122 (41%)$4,6055 (2%)$10,754
Average147 (49.73%)$5,167144 (48.64%)$4,9196 (2.09%)$9,120

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