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NMSU-Grants Tuition & Cost

Grants, New Mexico

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How much does it cost to attend?

In District New Mexico Resident Sticker Price

$16,585
In District Costs for New Mexico State University Grants
Fee Cost
Tuition$1,944
Other Fees$192
Books and Supplies$1,240
Estimated Off Campus Cost of Living $8,929
Other Expenses Budget$4,280

In State New Mexico Resident Sticker Price

$16,825
In State Costs for New Mexico State University Grants
Fee Cost
Tuition$2,184
Other Fees$192
Books and Supplies$1,240
Estimated Off Campus Cost of Living $8,929
Other Expenses Budget$4,280

In-District Tuition

The tuition for in-district New Mexico residents (local residents) attending New Mexico State University Grants is $1,944 per academic year. Students should budget $8,929 for local off-campus housing. Additionally, books and supplies typically cost $1,240 plus the school charges $192 in other fees. In total, students should budget for an annual total cost of $16,585 to attend New Mexico State University Grants.

Housing Costs

New Mexico State University Grants doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Grants area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $8,929.

Books and Supplies

The estimated annual cost for books and educational supplies is $1,240.

Other Living Expenses

Off-campus students should budget for $4,280 in other miscellaneous living expenses.

All price data is sourced from the 2022/2023 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for New Mexico State University Grants for students receiving grants or scholarship aid was $8,840* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020

$8,840

Below is the average net price by student family income.

Net Price by Income New Mexico State University Grants
Family Income Net Price Paid
$0 to $30,000$5,920
$30,001 to $48,000$6,919
$48,001 to $75,000$8,141
$75,001 to $110,000$6,293
$110,000+n/a

The net price provides a more realistic estimate of the true cost of attending New Mexico State University Grants, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

90% of full-time undergrad New Mexico State University Grants received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,775 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

83 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,398. To apply for a Pell Grant to attend New Mexico State University Grants, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

7% of students received Federal Student Loans averaging $5,334.

Finanical Aid New Mexico State University Grants
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,775 90%
Institutional Grants and Scholarships $2,970 12%
Pell Grants $5,398 83%
Other Federal Grants $450 5%
State and Local Grants $1,466 86%
Federal Student Loans $5,334 7%
Other Student Loans $0 0%

Financial Aid Mix - $16,825 In-State Total Cost

CollegeSimply has modeled example payment coverage for the annual in-state tuition and living expenses of $16,825. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

54%
43%
3%

Grants and Scholarships

54% - $6,775

Money granted to you by the U.S. Department of Education, New Mexico State University Grants or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

43% - $5,334

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

3% -  $436

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to New Mexico State University Grants, we've modeled a ten year student loan with an original principal value of $17,680. The loan balance of $17,680 is a two year multiple of the $8,840 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $201 could be required to pay off your student loan. The total of all payments including interest would sum $24,122.74.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 6.53%.

Example Loan $17,680
Stafford Loan Interest Rate 6.53%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $201.02
Total Interest Paid $6,442.74
Sum of All Loan Payments $24,122.74

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending New Mexico State University Grants, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $24,122.74 would be needed to afford a $201.02 monthly payment in the example $17,680.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about New Mexico State University Grants student loan debt and graduate salaries under student outcomes.

Projected 2 Year Degree Price

2 Year Sticker Price

$33,650
Year New Mexico Residents Non Residents
1 $16,825 $18,721
2 $16,980 $18,893

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at New Mexico State University Grants to be $33,650 - assuming graduation in normal time. The estimation assumes a 0.9% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at New Mexico State University Grants
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $78 $234 $312
New Mexico Residents $87 $261 $348
Out of State Residents $163 $489 $652

Estimated cost for a class at New Mexico State University Grants based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at New Mexico State University Grants versus other colleges.

Tuition Payment Plans Available

New Mexico State University Grants Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Tuition History

Historical in-state and out-of-state tuition and price increases for New Mexico State University Grants.

YearIn-StateOut-of-stateAnnual Increase
2021$2,088$3,912 0%
2020$2,088$3,912 0%
2019$2,088$3,912 0%
2018$2,088$3,912 0%
2017$2,088$3,912 3.6%
2016$2,016$3,840 0%
2015$2,016$3,840 2.4%
2014$1,968$3,840 5.8%
2013$1,860$3,600

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford New Mexico State University Grants in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a New Mexico State University Grants student loan.

Prepayment Option

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=188021 IPEDS survey data for New Mexico State University Grants.

Last updated February 24, 2024