New Mexico Military Institute — ROI, Cost & Payback
New Mexico Military Institute charges a net price of $4,571/yr after aid — a 2-year total of $9,142. Graduates earn a median $57,410 ten years after entry, $9,050/yr above the $48,360 high-school baseline, clearing the total in 1 years — a 20-year net return of $171,858, a strong payback — the degree clears its cost fast. (Scorecard, 2026 · our math.)
New Mexico Military Institute's 1-year payback ranks #17 of 1,280 US colleges we track — better ROI than 99% of them, and #1 of 32 in New Mexico.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $4,571/yr | Scorecard, 2026 |
| Total net cost (2 yrs) | $9,142 | our math |
| Median earnings, 10 yrs after entry | $57,410 | Scorecard, 2026 |
| Earnings premium over HS baseline | $9,050/yr | our math |
| Median debt (completers) | $5,500 | Scorecard, 2026 |
| Payback | 1 yrs | our math |
| 20-year net return | $171,858 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on New Mexico Military Institute's own numbers. Net price $4,571 × 2 years = $9,142 total. Median earnings $57,410 − the $48,360 high-school baseline = $9,050 a year of premium. $9,142 ÷ $9,050 = 1 years to break even; twenty years of that premium minus the cost leaves $171,858. 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 Military Institute students graduate with?
A median $5,500 in federal loans among completers, or 10% of the $57,410 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of New Mexico Military Institute students graduate?
44% finish their degree — 56% leave carrying the cost without the credential. Spread the $9,142 bill across that completion rate and the cohort pays $20,777 per graduate produced — our math, and the figure a payback number never shows.
Is New Mexico Military Institute expensive compared with other New Mexico colleges?
Its $4,571 net price runs $2,752 below the $7,323 median across the 32 New Mexico colleges we profile, and $5,503 less across the full degree.