Cost, debt & salary

Is New Mexico Institute of Mining & Technology worth it? What it costs, and what graduates earn

You would borrow a median $19,085 — about $217 a month for ten years. Graduates earn a median $76,489 ten years after starting, so the debt clears in roughly 0.5 years of the salary premium.

A

Is it worth the money?

Yes — on the federal figures this is one of the fastest-paying degrees in the country.

You borrow $19,085 median federal debt at graduation
You repay $217/mo standard 10-year federal plan
You earn $76,489 median, 10 years after entry · beats 87%
Debt clears in 0.5 yrs ranked 93 of 810

What that feels like each month Repayment against the salary that has to cover it.

Gross monthly pay
$6,374
Loan repayment
$217
Share of your pay
3.4%
0%15% — the comfort line25%

Under roughly 15% of gross pay, repayment is generally considered manageable alongside rent and living costs.

Cut the debt before you borrow it

We do not list an award tied specifically to New Mexico Institute of Mining & Technology yet — but national, country and subject scholarships still apply to students heading there, and each one cuts the $19,085 above.

Browse scholarships for the USA →

Need a student loan for New Mexico Institute of Mining & Technology?

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How New Mexico Institute of Mining & Technology compares Against the 810 US universities we grade on payback.

The typical graded university clears its debt in 1.3 years on median earnings of $57,146 against $22,500 of debt. New Mexico Institute of Mining & Technology clears its debt faster than that, and its graduates earn $36,969 a year more than a US worker with only a high-school diploma.

Nearby universityGradeDebtEarningsPayback
New Mexico Highlands University New Mexico D $11,399 $45,937 1.8 yrs
University of New Mexico New Mexico F $18,450 $44,792 3.5 yrs

New Mexico Institute of Mining & Technology — the money questions

How much do graduates of New Mexico Institute of Mining & Technology earn?
Median earnings are $76,489 a year, measured ten years after students first enrolled — from tax records, not a survey. That is higher than 87% of the US universities we hold figures for.
How much debt will I have at New Mexico Institute of Mining & Technology?
The median graduate leaves with $19,085 of federal loans. On the standard ten-year plan that is about $217 a month — roughly 3.4% of the median graduate's monthly pay before tax.
How long does a degree from New Mexico Institute of Mining & Technology take to pay for itself?
About 0.5 years of the salary premium — the amount graduates earn above the $39,520 a US worker with only a high-school diploma makes. That ranks it 93 of 810 US universities we grade on payback.
Can scholarships reduce this debt?
We do not currently list a scholarship tied specifically to New Mexico Institute of Mining & Technology, but national and subject-based awards still apply — start from our scholarships listing.
Do these numbers apply to my subject?
No. The Department of Education publishes one figure per institution, so nursing, engineering and fine art students at New Mexico Institute of Mining & Technology all sit inside the same median. Treat it as the size of the financial risk, not a salary forecast for your course.
New Mexico Institute of Mining & Technology profile Programmes at New Mexico Institute of Mining & Technology New Mexico Institute of Mining & Technology scholarships New Mexico Institute of Mining & Technology review & grade Compare with New Mexico Highlands University Payback across New Mexico What New Mexico Institute of Mining & Technology costs Student loan record SAT scores & admission Fastest-paying US degrees Lowest student debt How we calculate this

Source: US Department of Education College Scorecard — earnings and debt cover students who received federal financial aid and blend every subject taught at the institution. Figures imported 28 Aug 2026. This page is information, not financial advice.