New Mexico Institute of Mining and Technology ROI Analysis
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
above high school diploma avg
Break-Even Point
1.9 years
After graduation
20-Year ROI
978%
Return on investment
ROI Analysis
The median debt for graduates is $19,085. The one-year earnings after graduation are $60,931. The debt-to-income ratio is approximately 0.31. The five-year earnings are $54,530, and the ten-year earnings are $76,489.
The in-state tuition is $9,058. The one-year earnings are more than six times the cost of tuition. The five-year earnings are more than six times the cost of tuition. The ten-year earnings are more than eight times the cost of tuition.
With a median debt of $19,085 and a one-year salary of $60,931, the break-even point, or the time it takes to pay off the debt, is less than one year.
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
N/A
Program-Level ROI
| Program | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|
| Mechanical Engineering | $90,393 | 2958% |
| Electrical, Electronics and Communications Engineering | $0 | N/A |
| Geological and Earth Sciences/Geosciences | $0 | N/A |
| Biology, General | $0 | N/A |
| Petroleum Engineering | $83,781 | 2593% |
| Chemical Engineering | $0 | N/A |
| Physics | $0 | N/A |
| Materials Engineering | $0 | N/A |
| Mining and Mineral Engineering | $0 | N/A |
| Mathematics | $0 | N/A |
| Civil Engineering | $0 | N/A |
| Teacher Education and Professional Development, Specific Subject Areas | $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)
Frequently Asked Questions
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.