New Mexico
Institute of Mining and Technology
Public College in Socorro, NM. Six-year graduation rate 57%. Median 10-year earnings $76,489.
Ten-year median earnings of $76,489 are the headline number here, and they are strong ones. 57% finish within six years — respectable, though a meaningful share still leave without a credential. Debt at graduation runs to a median of $19,085, neither a bargain nor a burden. It also moves people — 4.0% of students climb from the bottom fifth of the income distribution to the top.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.25 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Selectivity is real here: only 44% of applicants are offered a place. 1,544 applications came in, enough to make the rates below reasonably stable year to year. About 27% of admitted students enroll, a yield in the normal range. Score ranges below describe the middle half of score submitters among enrolled first-years; students who applied test-optional are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 550–660 | 155 (84%) |
| SAT Math | 530–650 | |
| ACT Composite | 20–29 | 26 (14%) |
IPEDS Admissions · 2024
Apply at New Mexico Institute of Mining and Technology →Academics
Completion is middling: 57% finish inside six years. First-year retention is 77% — the single largest point of attrition on this campus. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. With 30% transferring out, this functions substantially as a stepping stone. A 9:1 ratio points to small classes and accessible faculty.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 1,112 degree- or certificate-seeking undergraduates
Average net price is $11,551 a year after grant aid — low for a four-year institution, though your own figure depends on aid eligibility. Aid is steeply need-based: families in the $0–30k band pay $5,136 while those at $110k+ pay $13,464. Grant aid is widespread — 90% of students receive it, averaging $13,255. 34% of students take federal loans, a middling borrowing rate.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 222 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $5,136 |
| $30–48k | $7,640 |
| $48–75k | $10,106 |
| $75–110k | $14,753 |
| $110k+ | $13,464 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 380 of these 1,112 students, totalling $2,090,660 — an average of $5,502 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Socorro County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)