---
title: New Mexico Institute of Mining and Technology — cost, debt & earnings (College Scorecard)
location: Socorro, NM
control: Public
source: U.S. Dept. of Education College Scorecard (2026-06-10 release)
sourceUrl: https://collegescorecard.ed.gov/
---

# New Mexico Institute of Mining and Technology

Socorro, NM · Public · Bachelor-granting

> Federal College Scorecard institution **medians** — not a prediction of any one student's outcome, and not a figure for any single program. Earnings/debt cover federally-aided students.

## The bottom line

| Figure | Value | Status |
| --- | --- | --- |
| Typical earnings, 10 yrs after entry | $76,489 | recorded |
| Earnings range (25th–75th pct) | $40,447 – $109,428 | recorded |
| Typical federal debt | $11,057 | recorded |
| Debt of students who withdrew | $5,560 | recorded |
| Completion rate | 57% | recorded |
| Average annual net cost | $24,967 | recorded |
| % earning above a $28k HS-grad wage | 77% | recorded |
| Debt ÷ a year's earnings | 0.14× | derived |
| Earnings premium vs $28k HS benchmark | $48,489 | derived |

**57% of students finish** — the loans are owed whether or not you graduate, so read every figure below next to this number.

Typical **federal** loan debt is $11,057 (≈ 14% of a year's typical earnings here). Note: this counts federal loans only — not private loans, Parent PLUS, or family savings — so true borrowing is usually higher; and because dropouts borrow less, low-completion schools can show a deceptively low debt figure.

## Earnings by major (the number that decides "worth it")

> **Different measure — read on its own terms.** These are median earnings **1 year after completing the program** (early career, graduates only) — NOT the 10-years-after-entry school-wide figure above. Do not compare a program figure to the school figure; compare majors to each other. The Dept. of Education omits programs with too few graduates.

By program, early-career pay ranges from $38,910 to $70,180 across 7 program(s).

| Major | Credential | Pay (1 yr out) | Median debt |
| --- | --- | --- | --- |
| Petroleum Engineering. | Bachelor's Degree | $70,180 | $24,000 |
| Computer and Information Sciences, General. | Bachelor's Degree | $68,561 | $16,918 |
| Mechanical Engineering. | Bachelor's Degree | $66,375 | $19,500 |
| Electrical, Electronics, and Communications Engineering. | Bachelor's Degree | $61,496 | $15,981 |
| Civil Engineering. | Bachelor's Degree | $48,135 | not reported |
| Teacher Education and Professional Development, Specific Subject Areas. | Master's Degree | $47,269 | not reported |
| Chemical Engineering. | Bachelor's Degree | $38,910 | $15,000 |

## What this is — and is NOT

Institution-wide medians from the U.S. Dept. of Education College Scorecard. **Not** a prediction of what you would earn or owe, **not** a figure for any single program (a CS and a fine-arts graduate of the same school diverge enormously), **not** proof the school caused the outcome (selection, not causation), and **not** a "best college" ranking. Explore New Mexico Institute of Mining and Technology by field of study at the official Scorecard: https://collegescorecard.ed.gov/school/?187967

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Structured data (JSON-LD), each figure labeled by epistemic status: `/education/new-mexico-institute-of-mining-and-technology-nm.jsonld` · all schools: `/education`