New Mexico Institute of Mining and Technology vs New Mexico Military Institute: which has better ROI?
New Mexico Military Institute has the better ROI: it clears its 2-year net cost of $9,142 in 1 years versus 1.4 years at New Mexico Institute of Mining and Technology, on median earnings of $57,410 vs $76,489 ten years out. (Scorecard, 2026 · our math.)
| Measure | New Mexico Institute of Mining and Technology | New Mexico Military Institute |
|---|---|---|
| Net price / yr | $9,873 | $4,571 |
| Total net cost | $39,492 | $9,142 |
| Median earnings, 10 yrs | $76,489 | $57,410 |
| Median debt | $19,085 | $5,500 |
| Payback | 1.4 yrs | 1 yrs |
| 20-year net return | $523,088 | $171,858 |
College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.
Which is cheaper, New Mexico Institute of Mining and Technology or New Mexico Military Institute?
New Mexico Military Institute, at $4,571 a year after aid versus $9,873 — a gap of $5,302 a year, or $30,350 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.
Do New Mexico Institute of Mining and Technology or New Mexico Military Institute graduates earn more?
New Mexico Institute of Mining and Technology graduates report a median $76,489 ten years after entry, $19,079 more than the $57,410 at New Mexico Military Institute. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.
Which leaves students with less debt, New Mexico Institute of Mining and Technology or New Mexico Military Institute?
New Mexico Military Institute: its completers carry a median $5,500 in federal loans versus $19,085 at New Mexico Institute of Mining and Technology, a difference of $13,585. The figure counts students who finished; it excludes private loans and anyone who left before graduating.
Which graduates more of its students?
57% of students finish at New Mexico Institute of Mining and Technology, against 44% at New Mexico Military Institute. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.