New Mexico Institute of Mining and Technology campus
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New Mexico Institute of Mining and Technology

Average Grant & Scholarships

In 2022, 96 of freshman students at New Mexico Institute of Mining and Technology received on average $8,378 in grant and scholarships from the college, the state and/or the federal government. Below is detail stats of the aid provided to full-time, freshman students.

$8,378
Students Receiving Aid Average Amount Total Amount
Pell Grant 95 34% $4,833 $459,144
Other Federal Grant 110 39% $5,083 $559,151
State Grant/Scholarships 229 82% $3,408 $780,364
Institutional Grant/Scholarships 237 85% $3,821 $905,657
Total Grant & Scholarships 268 96% $8,378 $2,245,172

Average Student Loans

In 2022, 46% of freshman students at New Mexico Institute of Mining and Technology received $4,905 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.

$4,905
Students Receiving Loan Average Amount Total Amount
Federal Student Loans 128 46% $4,905 $627,837
Private Loans 6 2% $10,415 $62,491
Total Loans 130 47% $5,310 $690,328

Financial Aid By Income Level

Financial aid breakdown by students family income level. The data is organized by income level group starting from families making below $30k to above $110k.