New Mexico Tech's tuition & fees has increased from $18,184 (2014) to $26,312 (2024), and the rate of tuition increase is 44.70% over the past 10 years. The graduate school tuition & fees has raised from $19,243 (year 2014) to $27,852 (year 2024).
New Mexico Tech's tuition increase rate is higher than the New Mexico's average increase rate of 28.47%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 35.11% from 2014 ($31,422).
For the current academic year 2023-2024, New Mexico Tech's COA is $42,454, which is increased by 5.29% from last year.
The following table and chart show changes to New Mexico Tech's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 44.70% for the last 10 years , and the 2024 tuition & fees are $26,312. The following table and chart show the tuition & fees changes at New Mexico Institute of Mining and Technology over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $800, and it has decreased -24.95% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,066 | - |
|---|
| 2015-16 | $1,066 | |
|---|
| 2016-17 | $1,078 | 1.13% |
|---|
| 2017-18 | $1,106 | 2.60% |
|---|
| 2018-19 | $1,130 | 2.17% |
|---|
| 2019-20 | $1,150 | 1.77% |
|---|
| 2020-21 | $600 | -47.83% |
|---|
| 2021-22 | $800 | 33.33% |
|---|
| 2022-23 | $800 | |
|---|
| 2023-24 | $800 | |
|---|
Living Costs Changes
The living costs including room, board, and other living expenses have increased 17.44% when a student lives on-campus facilities and 17.44% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at New Mexico Institute of Mining and Technology.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $12,172 | $12,172 | - |
|---|
| 2015-16 | $12,422 | $12,422 | 2.05% |
|---|
| 2016-17 | $12,796 | $12,796 | 3.01% |
|---|
| 2017-18 | $13,056 | $13,056 | 2.03% |
|---|
| 2018-19 | $13,510 | $13,510 | 3.48% |
|---|
| 2019-20 | $13,624 | $13,624 | 0.84% |
|---|
| 2020-21 | $12,122 | $12,122 | -11.02% |
|---|
| 2021-22 | $11,968 | $11,968 | -1.27% |
|---|
| 2022-23 | $13,210 | $13,210 | 10.38% |
|---|
| 2023-24 | $15,342 | $15,342 | 16.14% |
|---|
Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between New Mexico Institute of Mining and Technology and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| New Mexico Institute of Mining and Technology | $26,312
($9,058) | $26,312
($9,058) | - |
|---|
|
| University of New Mexico-Main Campus | $26,451
($8,115) | $26,412
($8,076) | 0.15% |
|---|
|
| New Mexico State University-Main Campus | $25,271
($8,147) | $24,667
($7,543) | 2.45% |
|---|
|
| Eastern New Mexico University-Main Campus | $8,718
($6,738) | $8,718
($6,738) | - |
|---|
|
| Western New Mexico University | $14,354
($7,868) | $14,287
($7,657) | 0.47% |
|---|
|
| New Mexico Highlands University | $12,180
($7,260) | $11,988
($7,140) | 1.60% |
|---|
|