New Mexico Military Institute: Tuition & Loans

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Tuition and fees per year

$14,100

Medium

Average tuition cost at New Mexico Military Institute is relatevely low, $8,900 per academic year. The additional fees at New Mexico Military Institute not covered by tuition are approximately $5,200; which comes to $14,100 per year.

The chart below shows New Mexico Military Institute tuition costs and additional fees compared to the competing and nearby colleges:

Books and Supplies

The average cost of books and additional supplies required to study at New Mexico Military Institute is $1,100 a year; which is a good bargain if compared to other colleges in New Mexico.

FAFSA Application

FAFSA Code
2023-2024

002656

If you anticipate to file your FAFSA application for Federal Student Aid, the college code for New Mexico Military Institute is 002656. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides grants and loans to eligible students and families. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate

14%

Medium

The government reported that the median federal student loan amount for New Mexico Military Institute is approximately $3,900.

At the same time, 13.5% of the recent New Mexico Military Institute graduates have failed to maintain their federal student loan repayments. This rate of loan repayment defaults (13.5%) is below average and might lead to a conclusion that New Mexico Military Institute graduates have good career perspectives.