Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $11,618 and the average loan amount is $4,224. The average financial aid amount is 82.74% of tuition & fees based on out-of-state rate (tuition & fees: $14,042).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid330 78%$3,834,019$11,618
Pell Grants109 26%$504,013$4,624
Federal Students Loans23 5%$97,151$4,224

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 183 students have received one or more types of financial aid at New Mexico Military Institute.
The average amount of federal, state, local or institutional grant aid is $10,781 and the average amount of student loans awarded to full-time first-time undergraduate students is $3,735.
The following table shows the financial data by type of aid at New Mexico Military Institute.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid18395%--
Grant or scholarship aid183 95%$1,972,996$10,781
Federal Grants63 33%$341,009$5,413
Pell Grants63 33%$301,825$4,791
Other Federal Grants16 8%$39,184$2,449
State/Local Grants36 19%$128,054$3,557
Institutional Grants174 91%$1,503,933$8,643
Student Loans16 8%$59,755$3,735
Federal Student Loans16 8%$59,755$3,735
Other Student Loans0 0%$0-

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at New Mexico Military Institute.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$852,289$14,205
0 - $30,00026 26$419,707$16,143
$30,001 - $48,00015 15$219,424$14,628
$48,001 - $75,00014 14$184,302$13,164
$75,001 - $110,0003 3$10,445$3,482
$110,001 - more2 2$18,411$9,206

Paid Tuition Rates by Residency

At New Mexico Military Institute, for the first-time/full-time students, 122 students have paid in-state rate of tuition and 23 students have paid out-of-state tuition rate. In addition, 47 students have paid in-district rate of tuition.
# of Students
In-District Rate47
In-State Rate122
Out-of-State Rate23
Un-known0

Number of Students by Living Arrangement (Freshmen)

At New Mexico Military Institute, 165 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 0 students live off-campus.
# of Students
Living On-Campus165
Living Off-Campus0
Living with Family0
Un-known0