New Mexico State University

In 2022, tuition for full-time students at New Mexico State University was $6,728 a year for in-state students and $25,055 a year for out-of-state students.

Usually, college tuition goes up about 3% every year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make thecost of college more manageable until after graduation.

International students can expect to pay 25,055 per year for tuition at New Mexico State University.

New Mexico State University meets 80.3% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at New Mexico State University is around $18,633 a year.

The average student debt for graduates in the class of 2023 was around $17,921 per student, not including those with no debt.

New Mexico State University: In-state vs. Out-of-State Tuition

New Mexico State University is a public, state institution, so it offers a reduced tuition rate of $6,728 for students who qualify as state residents and attend full-time. For non-New Mexico residents, out-of-state tuition is $25,055 a year.

Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for students who are residents of that state.

Attending a school where you are eligible for the reduced tuition offered to state residentscan drastically reduce the overall cost of college. Don't forget to confirm your state's rules for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements too, depending on where you live.

Explore other New Mexico colleges

Is New Mexico State University's Tuition Different for International Students?

New Mexico State University has the same tuition for international students as for those from out of state.

International students at New Mexico State University usually pay around $25,055 per year, before any scholarships, grants or other financial aid.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or New Mexico State University-specific grants, scholarships, and other funding opportunities.

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New Mexico State University Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at New Mexico State University.

House and Food Costs at New Mexico State University

Board costs can depend on the number of meals you intend to eat on-campus

Cost of Books at New Mexico State University

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

Transportation costs

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these questions can make a big difference in your estimated cost of transportation. At New Mexico State University, freshman are allowed to park on campus.

The location of a college or university can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area might be pricey, but there may be more buses, trains and low-cost flight options to actually get to school. New Mexico State Universityis in a suburb in New Mexico, not far from El Paso and TX.

Other Costs

When creating a budget for college, don’t forget to take into account the cost of things like entertainment, clothes, furnishings and toiletries.

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Total Tuition and Expenses at New Mexico State University

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Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for New Mexico State University.

How Much Does New Mexico State University Cost?

What will the cost of attending New Mexico State University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$6,728
Out-of-State Tuition	$25,055

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

New Mexico State University’s tuition and fees change based on: •Course load for both full and part-time students

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Financial Aid at New Mexico State University

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The majority of New Mexico State University undergrads use financial aid to to cover the cost of tuition. In 2023, 5,820 of the 11,616 undergrads enrolled received financial aid. New Mexico State University meets 80.3% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $18,633 a year. Around 47% of New Mexico State University undergrads take out student loans to cover any remaining costs. New Mexico State University graduates who have student loans graduate with an average of $17,921 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$16,913
State Loans	$12,000
Private Loans	$14,263

Most Common Loans for New Mexico State University Students
Federal Loans	46.4%
State loans	2%
Private loans	3.9%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on New Mexico State University financial aid, keep reading, or visit their financial aid website.

Scholarships at New Mexico State University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, New Mexico State University awarded 5,652 need-based scholarships to students, giving away total of $101.4 million to help students with financial need cover the cost of school. An additional $21.14 million in merit-based scholarship money was awarded to students without demonstrated financial need.

New Mexico State University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for New Mexico State University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at New Mexico State University was $18,633 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of New Mexico State University seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-28,808
Net In-state, Off-campus	$-10,175
Out-of-State, On-Campus	$8,152

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending New Mexico State University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the New Mexico State University's net cost calculator on their website.

New Mexico State University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

New Mexico State University does not have guaranteed tuition.

New Mexico State University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does New Mexico State University Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

New Mexico State University has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

New Mexico State University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

New Mexico State University's endowment was valued at $230.8 million in 2023, compared to a national average of $905 million. The school spends $17,127 for each full-time student enrolled.

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Learn More About New Mexico State University

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

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Admissions

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