1,034 students (83% of total 1,244 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at New Mexico Institute of Mining and Technology (New Mexico Tech). The average amount of the aid awarded is $10,530.

For the first-time, full-time beginning students (freshmen), 99% of total 296 enrolled students have received any kind of financial aid and its average amount of aid received is $10,293.


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 following 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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