New Mexico Military Institute

In 2021, tuition for full-time New Mexico Military Institute students was $2,000 a year for in-state students and $8,880 a year for out-of-state students.

On average, college tuition goes up about 3% every year.

If these numbers feel scary, remember, the advertized cost of tuition does not give you all the info you need to know how much you will actually have to pay for college. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make the amount you do have to pay out of pocket feel more doable until after graduation.

International students can expect to pay 14,470 per year for tuition at New Mexico Military Institute.

In-state vs. Out-of-state Tuition at New Mexico Military Institute

New Mexico Military Institute is a public, state institution, which means it offers a reduced tuition rate of $2,000 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 $8,880 a year.

Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for those who qualify as New Mexico residents.

Attending a college where you qualify for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Take the time to confirm your state's eligibility criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently live in.

Explore other New Mexico colleges

Tuition for International Students at New Mexico Military Institute

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

International students at New Mexico Military Institute can expect to pay around $14,470 per year, before any scholarships or financial aid.

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

•On-campus jobs •New Mexico Military Institute-specific scholarships

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

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New Mexico Military Institute Living 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 planning for college. Let's take a look at what impacts these costs, and what to expect at New Mexico Military Institute.

House and Food Costs at New Mexico Military Institute

Room and board at New Mexico Military Institute is $6,326 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the school dining facilities.

Board costs vary based on on the numnber of meals you intend to eat on-campus

How Much Do Books Cost at New Mexico Military Institute?

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 materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer ways for students with financial need to find ways to lower or eliminate these costs.

The Cost of Transportation at New Mexico Military Institute

The total cost of transportation in college depends on a few key factors. 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 walkable? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation.

A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area may be expensive, but there may be more buses, trains and low-cost flight options to actually get to school. The New Mexico Military Institute campus is in a small town setting in New Mexico.

Other Costs

When you're planning for college, don’t forget to factor in 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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The Full Cost of Attending New Mexico Military Institute

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Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending New Mexico Military Institute.

Total Cost of New Mexico Military Institute

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

2022 Total Tuition and Expenses
In-state Tuition	$2,000
Out-of-State Tuition	$8,880
Room and Board	$6,326
Other expenses	$4,500

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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Financial Aid at New Mexico Military Institute

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In 2022, 0 of the 480 undergrads enrolled received financial aid.Around 42% of New Mexico Military Institute undergrads take out student loans to cover any remaining costs. New Mexico Military Institute graduates who have student loans graduate with an average of $8,152 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$8,152
Private Loans	$0

Most Common Loans for New Mexico Military Institute Students
Federal Loans	42%

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 New Mexico Military Institute financial aid, keep reading, or visit their financial aid website.

Scholarships at New Mexico Military Institute

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 2022, a total of $1.7 million was awarded in need-based scholarships.

Net Cost of New Mexico Military Institute

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 New Mexico Military Institute 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.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of New Mexico Military Institute seem more manageable.

What will attending New Mexico Military Institute 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the New Mexico Military Institute's net cost calculator on their website.

New Mexico Military Institute 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.

New Mexico Military Institute Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

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

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Learn More About New Mexico Military Institute

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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