University of New Mexico

In 2022, tuition for full-time University of New Mexico students was $8,504 a year for in-state students and $31,423 a year for out-of-state students.

On average, colleges raise tuition about 3% each year.

If these numbers seem daunting, remember, the total cost of tuition isn't the final cost for attending college. Many students owe a lot less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college feel more doable until you're done with college.

Tuition for international students at University of New Mexico is $31,423 per year.

First-year students that attend University of New Mexico full-time are awarded $10,041 a year in financial aid, on average.

In 2020, students graduated with an average of $22,375 in student loans for each student with debt.

In-state vs. Out-of-state Tuition at University of New Mexico

University of New Mexico is a public, state institution, which means it offers a reduced tuition rate of $8,504 for students who qualify as state residents and attend full-time. For students who are not considered New Mexico-residents, out-of-state tuition is $31,423 a year.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as New Mexico residents.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to verify your state's requirements for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on where you live.

Explore other New Mexico colleges

Is University of New Mexico's Tuition Different for International Students?

University of New Mexico has the same tuition for international students as for those from out of state.

International students at University of New Mexico usually pay around $31,423 per year, before any scholarships or financial aid.

International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or University of New Mexico-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at University of New Mexico:

•On-campus jobs •Loans from outsideUniversity of New Mexico •University of New Mexico-specific loans •University of New Mexico-specific scholarships •International Students Tuition Waivers

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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University of New Mexico Housing Expenses, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at University of New Mexico.

Room and Board Costs at University of New Mexico

Room and board at University of New Mexico costs $11,884 a year. This number covers the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the University of New Mexico's on-campus cafeterias and dining halls.

Board costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at University of New Mexico?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools offer resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.

Transportation costs

The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. At University of New Mexico, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is often pricey, but cities may offer more trains, busses or low-cost flight options to actually get to school. The University of New Mexico campus is located in a city in New Mexico.

Other Costs

When creating a budget for college, be sure to leave some room in your budget for personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Financial Breakdown for University of New Mexico

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to University of New Mexico.

How Much Does University of New Mexico Cost?

What will the cost of attending University of New Mexico be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$8,504
Out-of-State Tuition	$31,423
Room and Board	$11,884
Other expenses	$2,488

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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University of New Mexico Financial Aid

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In 2023, 6,646 of the 15,356 undergrads enrolled received financial aid.

The average financial aid package for a full-time, first-year student is around $10,041 a year. Around 39.88% of University of New Mexico undergrads take out student loans to cover any remaining costs. University of New Mexico graduates who have student loans graduate with an average of $22,375 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$21,146
State Loans	$12,000
Private Loans	$15,739

Most Common Loans for University of New Mexico Students
Federal Loans	38.6%
State loans	0.05%
Private loans	4.79%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on University of New Mexico financial aid, keep reading, or visit their financial aid website.

Scholarships at University of New Mexico

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, University of New Mexico awarded 6,398 need-based scholarships to students, giving away total of $90 million to help students with financial need cover the cost of school. An additional $1.01 million in merit-based scholarship money was awarded to students without demonstrated financial need.

University of New Mexico Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for University of New Mexico students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at University of New Mexico was $10,041 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of New Mexico seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$6,247.8
Net In-state, Off-campus	$1,916.8
Out-of-State, On-Campus	$39,208.2

What will attending University of New Mexico really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the University of New Mexico's net cost calculator on their website.

University of New Mexico Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does University of New Mexico Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

University of New Mexico has some full or partial tuition waivers available for: - International Students

Check the financial aid website for more information on payment plans and tuition waivers.

University of New Mexico's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of University of New Mexico's endowment was $400.8 million. The average college endowment was $905 million in 2021.

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Learn More About University of New Mexico

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