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Net Price of New Mexico Colleges by Income

Cost of New Mexico Colleges Zoom In

Source: National Center for Educational Statistics. This is the most recent data available as of January 2020

Questions & Answers

  • What do all these numbers mean?

    All costs are the average net cost paid by families in each income bracket. Net cost is the total cost of attendance minus government grants and institutional scholarships. Loans of any kind are not included. Figures are based on data from the 2017-18 school year, which is the latest available as of January 2020.

  • What is “Total Cost” on the chart?

    Total cost is the total cost of attendance for that particular college. It includes:

    • Tuition and fees (in-state tuition for public schools)
    • Room and board (on campus)
    • Books and supplies
    • Other expenses (travel and personal)

    There are detailed chart below for each school that shows these expenses. Click here to go to the individual cost breakdown for schools.

  • How can I use this information?

    This information is useful for building a realistic college budget. It's a good place to start until you better understand your specific circumstances. For example, let's say your income is $100,000 per year. This chart shows that the average state school would run $14,550 and the average private school would be $57,921. You can also get information on specific New Mexico schools in the chart above or the tables below.

  • Will my family pay the amount on this chart?

    Probably not. The numbers are averages. You may be below average or above average. However, there are two key points we can learn from this data:

    1. Families with higher incomes ($75,000-$110,000 and $110,000+) will most likely pay close to full price at the public schools.
    2. Private colleges have a higher list price but offer more discounts. This brings their net price much closer to the cost of state-funded schools.

  • Where did this information come from?

    As part of federal financial aid, colleges are required to provide detailed cost information to the U.S. government. This data is made available to the public through the National Center for Education Statistics. For more details, click here.

  • What about athletes, merit aid or minority students?

    Athletes, high achieving students, and those with minority status are averaged in with everyone else. Within each income bracket, there are families that pay more than average and families that pay less than average.

  • The costs on this chart seemed large, how can families afford to pay it?

    For many families paying for college is not easy, but in the end they figure out. Most families will pay their net cost of college with some combination of:

    • college savings and investments
    • payments from current income
    • loans
    • outside scholarships (check out our Scholarship Guide For Busy Parents, which describes how you and your student can win scholarships for college and save money!)
    • tax planning
    • student work
Cost of New Mexico Schools Explanation

Net Price:

Net price is the total cost of attendance minus the average amount of government grants and institutional scholarships awarded. This is an average, so you may pay above the average or below the average. Your exact net price is likely to be different and sometimes drastically different.

Most families will pay the net price with some combination of savings and investments, current income and various loans. Some students will also receive scholarships from sources other than the federal or state government or the college. Any scholarships and grants from these outside sources are not included in the data. However, government grants and institutional scholarships are included in the averages.

Total Cost at University of New Mexico (2017-18)
Tuition and Fees $7,448
Room and Board $9,662
Books $1,102
Other Expenses $3,934
Total $22,146

Total Cost:

Total cost is the total cost of attendance for that particular institution for the 2017-18 school year. This is the latest data available as of January 2020. Total costs include:

  • Tuition and fees (in-state tuition for public schools)
  • Room and board (on campus)
  • Books and supplies
  • Other expenses (travel and personal)

College Total Cost
Family Income NM Public $20,541 NM Private $65,456
$0 - $30k $9,855 $28,321
$30,001 – $48k $11,113 $25,859
$48,001 – $75k $14,240 $50,318
$75,001 – $110k $14,550 $57,921
$110,001+ $15,555 $65,456

Public vs. Private Averages

This table shows the average total cost of attendance for the New Mexico public and private colleges we have included in our analysis. The costs include a breakdown of the average net price paid by family income. Notice that the average private college is $15,000-$50,000 more than the average public school, depending on your income bracket. It is important to stress that these are averages. Most families will not be average, and their individual circumstances could be drastically different. I encourage all families to work with their preferred colleges to get information specific to their family.

Below are similar charts for each individual private and public college in New Mexico. Click a school to view its complete chart.

Public NM Schools Cost Breakdown

  • Eastern New Mexico University-Main Campus

    Portales
    Year 2017-18 2018-19
    Tuition and Fees $6,013 $6,326
    Room and Board $6,958 $7,162
    Books $950 $950
    Other Expenses $4,498 $4,498
    Total $18,419 $18,936
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $8,006 $8,231
    $30,001 - $48k $9,917 $10,195
    $48,001 - $75k $11,593 $11,918
    $75,001 - $110k $13,416 $13,793
    $110,001+ $13,817 $14,205
  • New Mexico Highlands University

    Las Vegas
    Year 2017-18 2018-19
    Tuition and Fees $5,954 $6,150
    Room and Board $7,654 $7,872
    Books $1,144 $1,144
    Other Expenses $3,968 $3,968
    Total $18,720 $19,134
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $8,998 $9,197
    $30,001 - $48k $10,162 $10,387
    $48,001 - $75k $12,772 $13,054
    $75,001 - $110k $13,286 $13,580
    $110,001+ $15,622 $15,967
  • New Mexico Institute of Mining and Technology

    Socorro
    Year 2017-18 2018-19
    Tuition and Fees $7,183 $7,770
    Room and Board $8,202 $8,510
    Books $1,106 $1,130
    Other Expenses $4,854 $5,000
    Total $21,345 $22,410
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $9,948 $10,444
    $30,001 - $48k $11,270 $11,832
    $48,001 - $75k $15,175 $15,932
    $75,001 - $110k $16,103 $16,906
    $110,001+ $16,981 $17,828
  • University of New Mexico-Main Campus

    Albuquerque
    Year 2017-18 2018-19
    Tuition and Fees $7,448 $7,633
    Room and Board $9,662 $9,864
    Books $1,102 $1,126
    Other Expenses $3,934 $4,016
    Total $22,146 $22,639
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $13,137 $13,429
    $30,001 - $48k $14,597 $14,922
    $48,001 - $75k $16,866 $17,241
    $75,001 - $110k $18,415 $18,825
    $110,001+ $19,235 $19,663
  • New Mexico State University-Main Campus

    Las Cruces
    Year 2017-18 2018-19
    Tuition and Fees $6,461 $6,686
    Room and Board $8,686 $9,252
    Books $1,250 $1,250
    Other Expenses $3,762 $4,192
    Total $20,159 $21,380
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $5,954 $6,315
    $30,001 - $48k $6,822 $7,235
    $48,001 - $75k $9,670 $10,256
    $75,001 - $110k $11,532 $12,230
    $110,001+ $12,119 $12,853
  • Western New Mexico University

    Silver City
    Year 2017-18 2018-19
    Tuition and Fees $6,066 $6,066
    Room and Board $10,500 $10,500
    Books $1,600 $1,600
    Other Expenses $4,288 $4,288
    Total $22,454 $22,454
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $13,086 $13,086
    $30,001 - $48k $13,912 $13,912
    $48,001 - $75k $19,362 $19,362
    $75,001 - $110k $0 $0
    $110,001+ $0 $0

Private NM Schools Cost Breakdown

  • St. John's College

    Santa Fe
    Year 2017-18 2018-19
    Tuition and Fees $52,320 $54,118
    Room and Board $11,486 $12,148
    Books $650 $650
    Other Expenses $1,000 $1,000
    Total $65,456 $67,916
    Family Income Net Cost (Actual) Net Cost (Estimated)
    $0-$30k $28,321 $29,385
    $30,001 - $48k $25,859 $26,831
    $48,001 - $75k $50,318 $52,209
    $75,001 - $110k $57,921 $60,098
    $110,001+ $65,456 $67,916
 

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