New Mexico Military Institute

www.nmmi.edu/

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2021 Undergraduate Tuition

$2,000

400% growth from 2020

2021 Average Net Price

$6,628

After Financial Aid

2019 Student Loan

2.78%

Default Rate

2021 Acceptance Rate

40.7%

555 Applicants

2021 Enrolled Students

476

78.6% Full-Time

2021 Graduation Rate

38.6%

93 Graduates

About

New Mexico Military Institute is a higher education institution located in Chaves County, NM. In 2021, the most popular Associates Degree concentrations at New Mexico Military Institute were Liberal Arts & Sciences (109 degrees awarded).

In 2021, 109 degrees were awarded across all undergraduate and graduate programs at New Mexico Military Institute. 25.7% of these degrees were awarded to women, and 74.3% awarded men. The most common race/ethnicity group of degree recipients was hispanic or latino (46 degrees), 1.31 times more than then the next closest race/ethnicity group, white (35 degrees).

The median undergraduate tuition at New Mexico Military Institute is $2,000, which is $−5,968 less than the national average for Associates Colleges ($7,968).

Associates Colleges: High Transfer-High Traditional Associates Colleges

Costs

In 2021, the median undergraduate tuition at New Mexico Military Institute is $2,000, which is $−5,968 less than the national average for Associates Colleges ($7,968).

After taking grants and loans into account, the average net price for students is $6,628.

In 2021, 77% of undergraduate students attending New Mexico Military Institute received financial aid through grants. Comparatively, 8% of undergraduate students received financial aid through loans.

Tuition Costs

$2,000

2021 Undergraduate Tuition

In 2021, the cost of tuition at New Mexico Military Institute was $2,000. The cost of tuition at New Mexico Military Institute is $−5,968 less than than the overall (public and private) national average for Associates Colleges ($7,968).

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

Average Net Price

$6,628

2021 Value

14.8%

1 Year Growth

In 2021 New Mexico Military Institute had an average net price — the price paid after factoring in grants and loans — of $6,628. Between 2020 and 2021, the average net price of New Mexico Military Institute grew by 14.8%.

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.

Other Student Expenses

$6,176

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at New Mexico Military Institute was of $6,176 in 2021. The cost of room and board increased by 5.11% between 2020 and 2021.

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.

Financial Aid by Income Level

77%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at New Mexico Military Institute received financial aid through grants or loans in 2021. This represents a growth of 1.32% with respect to 2020, when 76% 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.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2.78%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at New Mexico Military Institute was 2.78%, which represents 2 out of the 72 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

New Mexico Military Institute received 555 undergraduate applications in 2021, which represents a 11.5% annual growth. Out of those 555 applicants, 226 students were accepted for enrollment, representing a 40.7% acceptance rate.

There were 476 students enrolled at New Mexico Military Institute in 2021.

New Mexico Military Institute has an overall enrollment yield of 83.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

40.7%

Acceptance Rate in 2021

226

Accepted Out of 555

In 2021, the undergraduate acceptance rate of New Mexico Military Institute was 40.7% (226 admissions from 555 applications). This is higher than the acceptance rate of 2020, which was 40.7%. Between 2020 and 2021, the number of applicants grew by 11.5%, while admissions declined by −11.4%..

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.

Enrollment

New Mexico Military Institute had a total enrollment of 476 students in 2021. The full-time enrollment at New Mexico Military Institute is 374 students and the part-time enrollment is 102. This means that 78.6% 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 31.9% Hispanic or Latino, 27.5% White, 10.3% Black or African American, 5.88% Native Hawaiian or Other Pacific Islanders, 3.36% Asian, 2.73% Two or More Races, and 1.47% American Indian or Alaska Native.

Students enrolled at New Mexico Military Institute in full-time Undergraduate programs are most commonly Hispanic or Latino Male (25.1%), followed by White Male (21.1%) and Black or African American Male (11.2%).

Full-Time vs Part-Time Enrollment

78.6%

Full-Time Enrollment

The total enrollment at New Mexico Military Institute in 2021, both undergraduate and graduate, is 476 students. The full-time enrollment at New Mexico Military Institute is 374 and the part-time enrollment is 102. This means that 78.6% of students enrolled at New Mexico Military Institute are enrolled full-time compared with 32.5% 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.

Retention Rate over Time

48%

2021 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 48%. Compared with the full-time retention rate at similar Associates Colleges (60%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Hispanic or Latino
152 enrolled students
White
131 enrolled students
Black or African American
49 enrolled students

The enrolled student population at New Mexico Military Institute is 31.9% Hispanic or Latino, 27.5% White, 10.3% Black or African American, 5.88% Native Hawaiian or Other Pacific Islanders, 3.36% Asian, 2.73% Two or More Races, and 1.47% 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 44.1% White, 26.8% Hispanic or Latino, and 12.5% 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, 4 students (0.84%) did not report their race.

Graduates

In 2021, 53 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 (46 degrees awarded). There were 1.31 times more hispanic or latino recipients than the next closest race/ethnicity group, white (35 degrees).

The most common Associates Degree concentration at New Mexico Military Institute is Liberal Arts & Sciences (109 degrees awarded).

In 2021, 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 (109 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 (56,609 people), Other managers (22,204 people), Education administrators (12,978 people), Secondary school teachers (11,896 people), and Lawyers, & judges, magistrates, & other judicial workers (11,183 people).

The most specialized majors at New Mexico Military Institute in 2021 are Liberal Arts & Humanities (109 degrees awarded) (as of 2021).

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, Broadcast announcers and radio disc jockeys, Magnetic resonance imaging technologists, Physicians, and Counter & rental clerks

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (109 degrees awarded) (as of 2021).

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 (102,052 people), Colleges, universities & professional schools, including junior colleges (27,613 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (22,504 people), Computer Systems Design (15,431 people), and Justice, public order, & safety activities (14,418 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (109 degrees awarded) (as of 2021).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New Mexico Military Institute.

Liberal Arts & Sciences

Most Common (2021)

109 degrees awarded

In 2021, the most common associates degree concentration at New Mexico Military Institute was Liberal Arts & Sciences with 109 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at New Mexico Military Institute according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 81 degrees were awarded to men at New Mexico Military Institute, which is 2.89 times more than the number of degrees awarded to females (28).

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

Most Common Male Majors

In 2021, 81 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 2.89 times more than the 28 female recipients with that same degree.

Most Common Female Majors

In 2021, 28 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 0.346 times less than the 81 male recipients with that same degree.

Time to Complete

46%

100% Completion Time

46%

150% Completion Time

In 2021, 46% 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, 46% completed their degrees within 150% of the normal time, and 47% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at New Mexico Military Institute is Female and Asian (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.08% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

Hispanic or Latino
46 degrees awarded
White
35 degrees awarded
Black or African American
5 degrees awarded

The most common race/ethnicity at New Mexico Military Institute is hispanic or latino (46 degrees awarded). There were 1.31 times more hispanic or latino recipients than the next closest race/ethnicity group, white (35 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Hispanic or Latino Male
34 degrees awarded
White Male
27 degrees awarded
Hispanic or Latino Female
12 degrees awarded

The most common race/ethnicity and sex grouping at New Mexico Military Institute is hispanic or latino male (34 degrees awarded). There were 1.26 times more hispanic or latino male recipients than the next closest race/ethnicity group, white male (27 degrees).

Operations

New Mexico Military Institute has an endowment valued at nearly $505M, as of the end of the 2021 fiscal year. The return on its endowment was of 19.2M (3.8%) compared to the 1.65% average return (87.6k on 5.29M) across all Associates Colleges.

In 2021, New Mexico Military Institute had a total salary expenditure of 32M. New Mexico Military Institute employs 25 Associate professors, 23 Instructors and 19 Assistant professors. Most academics at New Mexico Military Institute are Male Instructor (16), Male Associate professor (13), and Female Associate professor (12).

The most common positions for non-instructional staff at New Mexico Military Institute are: Service, with 60 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 47 employees, and Office and Administrative Support with 39 employees.

Endowment

$505M

2021 Endowment

2.66%

growth from 2020

New Mexico Military Institute has an endowment valued at about $505M, as of the end of the 2021 fiscal year. The endowment of New Mexico Military Institute grew 2.66% from the previous year. The value of their endowment was $500M 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-High Traditional Carnegie Classification grouping.

Salary Expenditure

$6.84M

2021 Salaries

8.72%

growth from 2020

In 2021, New Mexico Military Institute paid a median of $6.84M in salaries, which represents 21.3% of their overall expenditure ($32M) and a 8.72% growth from the previous year.

The median for similar Associates Colleges is 16.4M (41.6% of overall expenditures).

Instructional Salaries

$5.26M

Instructional Salaries

Number of Employees

In 2021, New Mexico Military Institute paid a total of $5.26M to 79 employees working as instructors, which represents 77% of all salaries paid.

This is compared to a median of $5.1M (31.2%) for similar Associates Colleges.

Occupations by Share

Associate professor

Most Common Instructor

25 Employees

Service

Most Common Non-Instructional Employee

60 Employees

In 2021, the most common positions for instructional staff at New Mexico Military Institute were Associate professor with 25 employees, Instructor with 23 employees, and Assistant professor with 19 employees.

In 2021, the most common positions for non-instructional staff at New Mexico Military Institute were Service with 60 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 47 employees, and Office and Administrative Support with 39 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Instructor
Male Associate professor
Female Associate professor

In 2021, the most common demographic for instructional staff at New Mexico Military Institute was Male Instructor with 16 employees, Male Associate professor with 13 employees, and Female Associate professor with 12 employees.

This chart shows the sex split between each academic rank present at New Mexico Military Institute.