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Saturday, November 16, 2024

Cost of college went up for all students at New Mexico State University-Main Campus

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In-state tuition and fees rose 3.5 percent for 2018-19 at New Mexico State University-Main Campus, according to recent data from the U.S. Department of Education.

New Mexico residents paid $6,686 to attend the four-year public institution this year – $225 more than the $6,461 charged for 2017-18.

Non-residents paid 225.6 percent more than residents this year, or $21,770. Their price tag grew 3.6 percent from $21,022 in 2017-18.

About 68 percent of the school's undergraduate population are New Mexico residents. About 30 percent are residents of other states and 2 percent are citizens of other countries.

Data shows 99 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 2,006 students received grants or scholarships totaling $24.1 million and 649 students took out student loans totaling more than $1.1 million.

Including all undergraduates (14,289), 8,842 students used grants or scholarships totaling $88.8 million, and 3,888 students took out $11.9 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~9,717$6,094$6,094$6,461$6,6869.7%
Out-of-state~4,287$19,652$19,652$21,022$21,77010.8%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at New Mexico State University-Main Campus in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants99949%$5,445,750$5,451
State / local grant or scholarship1,51775%$6,943,260$4,577
Institutional grants or scholarships1,32765%$11,739,425$8,847
Grant or scholarship aid total2,00699%$24,128,435$12,028
Federal student loans64332%$1,047,872$1,630
Other student loans191%$77,633$4,086
Student loan aid64932%$1,125,505$1,734
Total student aid2,01199%--

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