New Mexico Institute of Mining and Technology
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$36,232
In-state tuition x 4
Earnings Premium
$19,530/yr
vs high school diploma avg
Break-Even Point
1.9 years
After graduation
20-Year ROI
978%
Return on investment
ROI Analysis
The New Mexico Institute of Mining and Technology has a relatively strong return on investment. The median debt for graduates is $19,085. One year after graduation, the median earnings are $60,931, which is more than three times the in-state tuition cost of $9,058.
The debt-to-income ratio is favorable. The median debt of $19,085 is less than one-third of the one-year earnings of $60,931. The five-year earnings are $54,530, and the ten-year earnings are $76,489.
Given the earnings and debt figures, the break-even timeline is short. The initial earnings cover the tuition cost and debt quickly. The high earnings indicate a strong return on investment for graduates of New Mexico Institute of Mining and Technology.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$9,058
Median Debt at Graduation
$19,085
Median Earnings (5yr)
$54,530
Graduation Rate
56%
Receive Financial Aid
35%
Avg Aid Amount
$0
Program-Level ROI
| Program | 4yr Cost | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|---|
| Mechanical Engineering. | $36,232 | $90,393 | 2958% |
| Electrical, Electronics and Communications Engineering. | $36,232 | $0 | N/A |
| Biology, General. | $36,232 | $0 | N/A |
| Chemical Engineering. | $36,232 | $0 | N/A |
| Physics. | $36,232 | $0 | N/A |
| Petroleum Engineering. | $36,232 | $83,781 | 2593% |
| Mining and Mineral Engineering. | $36,232 | $0 | N/A |
| Geological and Earth Sciences/Geosciences. | $36,232 | $0 | N/A |
| Civil Engineering. | $36,232 | $0 | N/A |
| Teacher Education and Professional Development, Specific Subject Areas. | $36,232 | $0 | N/A |
| Mechanical Engineering. | $36,232 | $0 | N/A |
| Mathematics. | $36,232 | $0 | N/A |
Peer Comparison
978%
20yr ROI
794%
20yr ROI
1208%
20yr ROI
683%
20yr ROI
789%
20yr ROI
Financial Aid Impact
Before Aid
After Aid (Estimated)
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.