New Mexico Military Institute

https://www.nmmi.edu

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    2024 Undergraduate Tuition
    $2,200
    10% growth from 2023
    2024 Average Net Price
    $7,127
    After Financial Aid
    2024 Acceptance Rate
    52.6%
    500 Applicants
    2024 Enrolled Students
    463
    71.5% Full-Time
    2024 Graduation Rate
    44.4%
    84 Graduates

    About

    New Mexico Military Institute is a higher education institution located in Chaves County, NM. In 2024, the most popular Associates Degree concentrations at New Mexico Military Institute were Liberal Arts & Sciences (107 degrees awarded).

    In 2024, 107 degrees were awarded across all undergraduate and graduate programs at New Mexico Military Institute. 22.4% of these degrees were awarded to women, and 77.6% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (31 degrees), 1.29 times more than then the next closest race/ethnicity group, white (24 degrees).

    The median undergraduate tuition at New Mexico Military Institute is $2,200, which is $−5,960 less than the national average for Associates Colleges ($8,160).

    Associates Colleges: High Transfer-Mixed Traditional/NontraditionalAssociates Colleges

    Costs

    In 2024, the median undergraduate tuition at New Mexico Military Institute is $2,200, which is $5,960 less than the national average for Associates Colleges ($8,160).

    After taking grants and loans into account, the average net price for students is $7,127.

    In 2024, 71% of undergraduate students attending New Mexico Military Institute received financial aid through grants. Comparatively, 4% of undergraduate students received financial aid through loans.

    Tuition Costs

    $2,200
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at New Mexico Military Institute was $2,200. The cost of tuition at New Mexico Military Institute is $−5,960 less than than the overall (public and private) national average for Associates Colleges ($8,160).

    This chart compares the tuition costs of New Mexico Military Institute (in red) with those of other similar universities.

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    Average Net Price

    $7,127
    2024 Value
    2.28%
    1 Year Growth

    In 2024 New Mexico Military Institute had an average net price — the price paid after factoring in grants and loans — of $7,127. Between 2023 and 2024, the average net price of New Mexico Military Institute grew by 2.28%.

    This chart compares the average net price of New Mexico Military Institute (in red) with that of other similar universities.

    Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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    Other Student Expenses

    $6,531
    Room and Board
    $1,100
    Books and Supplies

    The average yearly cost of room and board at New Mexico Military Institute was of $6,531 in 2024. The cost of room and board increased by 3.24% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,100. The cost of books and supplies did not change during the same period.

    This chart compares the average student costs at New Mexico Military Institute (in red) with that of similar universities.

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    Financial Aid by Income Level

    71%
    Undergraduates Receiving Financial Aid through Grants
    4%
    Undergraduates Receiving Financial Aid through Loans

    71% of undergraduate students at New Mexico Military Institute received financial aid through grants or loans in 2024. This represents a decline of 8.97% with respect to 2023, when 78% of undergraduate students received financial aid.

    This chart compares the average award discount at New Mexico Military Institute (in red) with that of other similar universities.

    The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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    Admissions

    New Mexico Military Institute received 500 undergraduate applications in 2024, which represents a 7.76% annual growth. Out of those 500 applicants, 263 students were accepted for enrollment, representing a 52.6% acceptance rate.

    There were 463 students enrolled at New Mexico Military Institute in 2024. 43% of first-time enrollees submitted SAT scores with their applications.

    New Mexico Military Institute has an overall enrollment yield of 68.1%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    52.6%
    Acceptance Rate in 2024
    263
    Accepted Out of 500

    In 2024, the undergraduate acceptance rate of New Mexico Military Institute was 52.6% (263 admissions from 500 applications). This is lower than the acceptance rate of 2023, which was 57.8%. Between 2023 and 2024, the number of applicants grew by 7.76%, while admissions declined by 1.87%.

    This chart compares the acceptance rate of New Mexico Military Institute (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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    SAT Scores

    43%
    Submission Percentage (2019)
    80
    Scores Submitted (2019)

    43% of enrolled first-time students at New Mexico Military Institute in 2019 submitted SAT scores with their applications.

    The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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    Enrollment

    New Mexico Military Institute had a total enrollment of 463 students in 2024. The full-time enrollment at New Mexico Military Institute is 331 students and the part-time enrollment is 132. This means that 71.5% of students enrolled at New Mexico Military Institute are enrolled full-time.

    The enrolled student population at New Mexico Military Institute, both undergraduate and graduate, is 31.5% Hispanic or Latino, 21.4% White, 10.6% Black or African American, 5.62% Asian, 4.1% Native Hawaiian or Other Pacific Islanders, 3.02% Two or More Races, and 1.3% American Indian or Alaska Native.

    Students enrolled at New Mexico Military Institute in full-time Undergraduate programs are most commonly Hispanic or Latino Male (26.2%), followed by White Male (15%) and Black or African American Male (12.2%).

    Full-Time vs Part-Time Enrollment

    71.5%
    Full-Time Enrollment

    The total enrollment at New Mexico Military Institute in 2024, both undergraduate and graduate, is 463 students. The full-time enrollment at New Mexico Military Institute is 331 and the part-time enrollment is 132. This means that 71.5% of students enrolled at New Mexico Military Institute are enrolled full-time compared with 31.9% at similar Associates Colleges.

    This chart shows the full-time vs part-time enrollment status at New Mexico Military Institute (in red) compares to similar universities.

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    Retention Rate over Time

    50%
    2024 Retention Rate

    Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at New Mexico Military Institute was 50%. Compared with the full-time retention rate at similar Associates Colleges (64%), New Mexico Military Institute had a retention rate lower than its peers.

    This chart shows the retention rate over time at New Mexico Military Institute (highlighted in red) compares to similar universities.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. Hispanic or Latino
      146 enrolled students
    2. White
      99 enrolled students
    3. Black or African American
      49 enrolled students

    The enrolled student population at New Mexico Military Institute is 31.5% Hispanic or Latino, 21.4% White, 10.6% Black or African American, 5.62% Asian, 4.1% Native Hawaiian or Other Pacific Islanders, 3.02% Two or More Races, and 1.3% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 41.3% White, 28.4% Hispanic or Latino, and 13.2% Black or African American.

    Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 5 students (1.08%) did not report their race.

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    Graduates

    In 2024, 59 fewer women than men received degrees from New Mexico Military Institute. The most common race/ethnicity group of degree recipients at New Mexico Military Institute is hispanic or latino (31 degrees awarded). There were 1.29 times more hispanic or latino recipients than the next closest race/ethnicity group, white (24 degrees).

    The most common Associates Degree concentration at New Mexico Military Institute is Liberal Arts & Sciences (107 degrees awarded).

    In 2024,  the most specialized majors across all degree types at New Mexico Military Institute, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Liberal Arts & Humanities (107 degrees awarded).

    Common Jobs by Major

    Elementary & middle school teachers
    Most Common Job

    The most common jobs for people who hold a degree in one of the 5 most specialized majors at New Mexico Military Institute are Elementary & middle school teachers (56,901 people), Other managers (25,390 people), Secondary school teachers (14,666 people), Education administrators (13,817 people), and Lawyers, & judges, magistrates, & other judicial workers (11,648 people).

    The most specialized majors at New Mexico Military Institute in 2024 are Liberal Arts & Humanities (107 degrees awarded) (as of 2024).

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    Highest Paying Jobs by Major

    Surgeons
    Highest Paying Job

    The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at New Mexico Military Institute are Surgeons, Correspondence clerks & order clerks, Nuclear medicine technologists and medical dosimetrists, Physicians, and Cardiovascular technologists and technicians

    The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (107 degrees awarded) (as of 2024).

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    Common Industries by Major

    Elementary & secondary schools
    Most Common Industry

    The most common industries for people who hold a degree in one of the 5 most specialized majors at New Mexico Military Institute are Elementary & secondary schools (109,740 people), Colleges, universities & professional schools, including junior colleges (30,956 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (25,273 people), Computer Systems Design (18,679 people), and Justice, public order, & safety activities (14,889 people).

    The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (107 degrees awarded) (as of 2024).

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    Sex Breakdown for Common Majors

    83
    Degrees Awarded to Men
    in 2024
    24
    Degrees Awarded to Women
    in 2024

    In 2024, 83 degrees were awarded to men at New Mexico Military Institute, which is 3.46 times more than the number of degrees awarded to females (24).

    This chart displays the sex disparity between the top 5 majors at New Mexico Military Institute by degrees awarded.

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    Most Common Male Majors

    In 2024, 83 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 3.46 times more than the 24 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 24 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 0.289 times less than the 83 male recipients with that same degree.

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    Time to Complete

    34%
    100% Completion Time
    38%
    150% Completion Time

    In 2024, 34% of students graduating from New Mexico Military Institute completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 38% completed their degrees within 150% of the normal time, and 38% within 200%.

    The following chart shows these completion rates over time compared to the average for the Associates Colleges Carnegie Classification group.

    Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. Hispanic or Latino
      31 degrees awarded
    2. White
      24 degrees awarded
    3. Black or African American
      12 degrees awarded

    The most common race/ethnicity at New Mexico Military Institute is hispanic or latino (31 degrees awarded). There were 1.29 times more hispanic or latino recipients than the next closest race/ethnicity group, white (24 degrees).

    0.935% of degree recipients (1 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      50 degrees awarded
    2. White Male
      40 degrees awarded
    3. White Male
      36 degrees awarded

    The most common race/ethnicity and sex grouping at New Mexico Military Institute is white male (50 degrees awarded). There were 1.25 times more white male recipients than the next closest race/ethnicity group, white male (40 degrees).

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    Operations

    New Mexico Military Institute has an endowment valued at nearly $507M, as of the end of the 2024 fiscal year. The return on its endowment was of 18.2M (3.59%) compared to the 12.8% average return (818k on 6.41M) across all Associates Colleges.

    In 2024, New Mexico Military Institute had a total salary expenditure of 25.2M. New Mexico Military Institute employs 32 No academic ranks, 26 Associate professors and 16 Assistant professors. Most academics at New Mexico Military Institute are Male No academic rank (20), Female Associate professor (13), and Male Associate professor (13).

    The most common positions for non-instructional staff at New Mexico Military Institute are: Office and Administrative Support, with 52 employees, Service, with 52 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 32 employees.

    Endowment

    $507M
    2024 Endowment
    1.13%
    growth from 2023

    New Mexico Military Institute has an endowment valued at about $507M, as of the end of the 2024 fiscal year. The endowment of New Mexico Military Institute grew 1.13% from the previous year. The value of their endowment was $501M higher than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

    This line chart shows how the endowment at New Mexico Military Institute (in red) compares to that of some similar universities.

    The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Transfer-Mixed Traditional/Nontraditional Carnegie Classification grouping.

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    Salary Expenditure

    $8.03M
    2024 Salaries
    4.99%
    growth from 2023

    In 2024, New Mexico Military Institute paid a median of $8.03M in salaries, which represents 31.9% of their overall expenditure ($25.2M) and a 4.99% growth from the previous year. This is compared to a 11.8% growth between 2022 and 2023, and a 0.0859% growth between 2021 and 2022.

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    Instructional Salaries

    $7.03M
    Instructional Salaries
    89
    Number of Employees

    In 2024, New Mexico Military Institute paid a total of $7.03M to 89 employees working as instructors, which represents 87.5% of all salaries paid.

    This is compared to a median of $720k (4.04%) for similar Associates Colleges.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at New Mexico Military Institute were Office and Administrative Support with 52 employees, Service with 52 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 32 employees.

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