New Mexico Institute of Mining and Technology — ROI, Cost & Payback
New Mexico Institute of Mining and Technology charges a net price of $9,873/yr after aid — a 4-year total of $39,492. Graduates earn a median $76,489 ten years after entry, $28,129/yr above the $48,360 high-school baseline, clearing the total in 1.4 years — a 20-year net return of $523,088, a strong payback — the degree clears its cost fast. (Scorecard, 2026 · our math.)
New Mexico Institute of Mining and Technology's 1.4-year payback ranks #26 of 1,280 US colleges we track — better ROI than 98% of them, and #2 of 32 in New Mexico.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $9,873/yr | Scorecard, 2026 |
| Total net cost (4 yrs) | $39,492 | our math |
| Median earnings, 10 yrs after entry | $76,489 | Scorecard, 2026 |
| Earnings premium over HS baseline | $28,129/yr | our math |
| Median debt (completers) | $19,085 | Scorecard, 2026 |
| Payback | 1.4 yrs | our math |
| 20-year net return | $523,088 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on New Mexico Institute of Mining and Technology's own numbers. Net price $9,873 × 4 years = $39,492 total. Median earnings $76,489 − the $48,360 high-school baseline = $28,129 a year of premium. $39,492 ÷ $28,129 = 1.4 years to break even; twenty years of that premium minus the cost leaves $523,088. Future dollars are not discounted, and the earnings figure blends every major here — your programme can beat or miss it. Full method.
How much debt do New Mexico Institute of Mining and Technology students graduate with?
A median $19,085 in federal loans among completers, or 25% of the $76,489 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of New Mexico Institute of Mining and Technology students graduate?
57% finish their degree — 43% leave carrying the cost without the credential. Spread the $39,492 bill across that completion rate and the cohort pays $69,284 per graduate produced — our math, and the figure a payback number never shows.
Is New Mexico Institute of Mining and Technology expensive compared with other New Mexico colleges?
Its $9,873 net price runs $2,551 above the $7,323 median across the 32 New Mexico colleges we profile, or $10,202 more across the full degree.