New Mexico State University-Grants reported a 4.2% rise in in-state tuition fees for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Residents of New Mexico paid $2,376 to attend the two-year public college during the 2022-23 academic year, which is $96 higher than the $2,280 charged in 2021-22.
Non-resident tuition for the 2022-23 school year was set at $4,272, representing a 79.8% premium over resident rates and a 4.1% increase from $4,104 in the previous year.
Approximately 98% of the undergraduate student body at the institution are New Mexico residents, while international students make up about 2%.
Data indicates that 97% of full-time undergraduates who enrolled in 2022-23 received some form of student financial aid. A total of 77 students were awarded grants or scholarships amounting to $482,832.
Across all undergraduate students, 265 received grants or scholarships totaling $1.6 million. Additionally, 22 students obtained federal student loans totaling $84,719.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 56 | 71% | $321,342 | $5,738 |
| State / local grant or scholarship | 70 | 89% | $142,821 | $2,040 |
| Institutional grants or scholarships | 13 | 16% | $18,669 | $1,436 |
| Grant or scholarship aid total | 77 | 97% | $482,832 | $6,271 |
| Federal student loans | 0 | 4% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 4% | $0 | $0 |
| Total student aid | 77 | 97% | $482,832 | $6,270 |
