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Financial Aid at NMMI

The average amount of financial aid is $10,725 where 76% of enrolled students have received grants or scholarship aid at New Mexico Military Institute. The average amount of tuition & fees is $6,990 for New Mexico residents and $14,042 for out-of-state students at New Mexico Military Institute.
  • Average Financial Aid: $10,725
  • Undergraduate Tuition: $14,042 ($6,990 New Mexico residents)
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All Undergraduate Student Financial Aid

For academic year 2022-2023, total 362 students (76% of all undergraduate students) have received grants or scholarships and the average received amount is $10,725. Grant/scholarship aid includes federal, state, local, institutional or other sources of grant aid. Next table shows the financial aid statistics for all undergraduate students by aid types at New Mexico Military Institute.
Financial Aid Statistics at New Mexico Military Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid36276%$10,725
Pell Grants11224%$4,742
Federal Student Loans235%$3,898

Beginning Student Financial Aid

For first time, full time beginning students (freshmen), total 183 students (97% of all freshmen) have received any type of financial aid and 183 students (97% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students. The average amount of grant/scholarship aid is $9,762 and the average amount of student loan aid is $4,384. Next table shows the headcount and average received amount of financial aid by source of the aid at New Mexico Military Institute.
Beginning Students Financial Aid Statistics at New Mexico Military Institute
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid18397%-
Grants or Scholarship from All Sources18397%$9,762
Federal Grants15582%$3,362
Pell Grants5228%$4,443
Other Federal Grants14778%$1,974
State/Local Grants2413%$1,704
Institutional Grants16989%$7,245
Student Loans168%$4,384
Federal Student Loans158%$4,009
Other Student Loans11%$10,000

Grants and Scholarship Aid By Income Level

Next table shows the number of students awarded and average grants/scholarship aid amount by income level for whom paying in-state tuition rate at New Mexico Military Institute. The sources of grants and scholarship aid are the federal government, state/local government, or the institution (New Mexico Military Institute.
Financial Aid Statistics By Income Level at New Mexico Military Institute
Income LevelNumber of StudentsNumber of Students AwardedAverage Amount Aid Awarded
All level4847$12,762
$0-$30,0001818$15,344
$30,001-$48,0001313$14,823
$48,001-$75,000109$8,738
$75,001-$110,00033$7,715
$110,001 or more44$8,290

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All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2022-2023
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