University Headquarters (HQ) is an industry-leading, independent educational organization that provides independent college rankings using a proprietary formula to create first class unbiased rankings. The team at University HQ strives to provide accurate and trustworthy rankings that highlights the best programs in New Mexico.
The state of New Mexico is home to a diverse population and a low cost of living. Here, you'll find large, research universities like the University of New Mexico, as well as more specialized schools like St. Johns College, a private liberal arts school or New Mexico Institute of Mining and Technology.
That said, the state offers fewer in-person options for student residents, compared to states like New Jersey or California. As such, they've presented an alternative solution that opens up a few more possibilities. New Mexico is also part of an exchange program called the Western Interstate Commission for Higher Education (WICHE).
What this means is, the state provides a long list of benefits to distance learners from other states included in the program, including reduced tuition rates and interstate reciprocity—which gives students the ability to enroll in out-of-state programs without increasing their costs.
That's not to say that New Mexico doesn't have quality schools.
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What are the most popular bachelor's degrees offered in New Mexico?
According to the National Center for Educational Statistics (NCES), the most popular bachelor’s degree in the state of New Mexico was Business Administration. New Mexico students have a range of options available, in terms of how they want to earn their education. Many of the state’s colleges and universities offer distance learning options that aim to make tuition affordable and accessible to the state’s residents.
As with other states, New Mexico is experiencing the most growth in jobs such as home healthcare aide or registered nurse. That’s not to say that healthcare professions are the only ones on the rise. Jobs like financial advisor, statisticians, and physical therapists are also increasing throughout the state. The most popular majors reflect that to some extent—especially where nursing is concerned. Still, many students are choosing majors like business administration or information technology that will prepare them for a range of roles across industries.
Here’s a brief look at the most popular majors for New Mexico students. We’ll also get into which jobs you can do after graduating with one of these degrees.
How Much Can You Make by Having a Degree in New Mexico
The median household income in New Mexico is $46,748, and the state economy employs about 839,000 people. The top employers are the forestry industry and the US Air Force, followed by education, food services, and construction.
According to the state census, as of 2017, roughly 26% of working adults had received a bachelor’s degree or higher, while 85% has received a high school diploma or GED. Earning a degree in New Mexico can ensure that you receive a higher than average income—especially if you go into nursing, technology, or business administration.
According to Payscale data, a bachelor of science holder earns about $65,000 per year, while the average earnings for graduates with a bachelor of arts is roughly $52,000.
Earning a master’s can help increase your earning potential, though a Master of Science ($73k on average) will pay off more than going for your Master of Arts ($54k, on average). An MBA ($73k) or an MS in Nursing ($94k) seem to provide a better return on investment for those considering grad school.
The highest paying industries are aerospace manufacturing, aluminum production, and computer equipment manufacturing, so New Mexico residents looking to secure a job in one of these areas may want to look into studying business management, supply chain operations, or engineering. While vocational training may present a faster path to working in manufacturing production, a bachelor's degree is a more versatile credential.
Education Level & National Average Median Compensation
NO FORMAL EDUCATION | HIGH SCHOOL DIPLOMA | ASSOCIATE DEGREE | BACHELOR’S DEGREE | MASTER’S DEGREE | DOCTORAL DEGREE |
---|---|---|---|---|---|
$36,816* | $46,748* | $55,016* | $77,636* | $90,324* | $109,668* |
Most Popular Degrees and Careers in New Mexico
As mentioned in the previous section, the employment trends in New Mexico look a lot like the employment trends we’ve seen in other states and the nation at large. According to the most recent New Mexico Workforce Connection report, the fastest growing industries in the state are leisure and hospitality, sometimes called ‘service-providing’. Service-providing jobs span a wide array of work; they include accountants, marketers, attorneys, consultants, designers, developers, and more.
Unfortunately, the unemployment rate is on the rise, up to 4.7% as of this last quarter. On the whole, jobs in demand tend to lean more toward those with high turnover rates. Servers, janitorial staff, food prep, and fast food workers top the occupation list. For those jobs that require some additional training or a bachelor’s degree, general and operations managers are up there, as are several positions that fall under the healthcare umbrella.
Most notably, the demand for personal care aides is exponentially higher than any other job on this list. Still, workers in that role won’t see huge paychecks. To become a health aide, you’ll need some vocational training or an associate degree—but you might want to look into nursing, as you can earn a healthy paycheck and enjoy a great deal of job security.
While most of the jobs on the top occupations list don’t require much in the way of higher education, New Mexico residents with a degree will have more options available than their peers who do not obtain a bachelor’s degree or higher.
Top Accounting Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
General Accountant | 5,950 | $52,800 |
Financial Analyst | 1,870 | $61,500 |
Internal Auditor | 5,950 | $59,300 |
Compliance Analyst | 1,550 | $58,600 |
Financial Controller | 2,090 | $84,800 |
- General Accountant:
A general accountant gathers and analyzes financial records and documents. That information is used to write business reports, put together profit and loss statements, as well as reconcile balance sheets and invoices. A general accountant typically holds a bachelor’s degree but may go on to further their education—and increase earning potential by obtaining their CPA certification. - Financial Analyst:
A financial analyst may have a degree in accounting, business, or finance. This role involves analyzing market trends, demographics, and economic shifts and then providing advice to clients based on their findings. An analyst working with a company needs to understand how current investments will impact a company’s financial profile. They also need to understand how investments factor into both short and long-term strategy. Financial analysts prepare budgets, make financial forecasts, and work to protect an individual or organization’s wealth. - Internal Auditor:
Internal auditors provide a checks and balances system for a company, making sure there is no fraud at play. Their job is to make sure that a company is compliant with GAAP and tax code and work to identify an organization’s strengths and weaknesses from a financial standpoint. They also evaluate risk, corporate operations, and internal structure. - Compliance Analyst:
Compliance analysts work in a wide range of settings from healthcare to the corporate world, retail, or government. This role requires some tech-savvy, as well as a strong financial background. An analyst’s job, regardless of sector, is to collect and process compliance data (it involves a considerable amount of data entry). They also create and implement compliance policy and procedure and evaluate an organization’s performance. - Financial Controller:
Financial controllers manage the financial department of a company. This includes accounting, auditing, budgeting, and any other finance-related role. Their job is to produce reports, profit and loss statements, balance sheets, and other financial documents. They also must be able to predict an organization’s financial reporting, by analyzing the information provided by other financial personnel. The controller maintains government compliance and is often responsible for submitting official documents to state and federal agencies. To succeed in this role, controllers need a combination of math and problem-solving skills, as well as the ability to distill high-level financial concepts to executives who may not have in-depth accounting/financial knowledge.
Top Business Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Management Consultant | 3,180 | $87,800 |
Financial Manager | 2,090 | $92,600 |
Human Resources Manager | 440 | $68,100 |
Operations Manager | 14,730 | $66,200 |
Sales Manager | 1,130 | $61,600 |
- Management Consultant:
Management consultants help companies improve areas of their business operations. Consultants aim to identify problems in areas like management, reputation, or productivity—and come up with a plan for improvement. Management consultants must be skilled researchers and be able to analyze data. Often, they may be expected to train clients on new business processes, so communication skills are also a must. - Financial Manager:
Financial managers are one of the fastest growing jobs in the country, and their primary function is to help companies or individual clients set and achieve realistic financial goals. Financial managers must be skilled researchers, able to identify market trends as well as weak areas in a client’s portfolio or financial past. Day to day, aspiring financial managers can expect to spend time preparing budgets, reports, and statements, analyzing an organization’s finances, and offering expert advice for financial matters. - Human Resources Manager:
Human resource professionals work to ensure that the company they work for compliance with state and federal laws. HR’s main purview is internal policies and procedures - particularly where employee benefits, paid leave, vacation and sick days are concerned. Plus, managers make sure that the workplace is free from discrimination and harassment, and handle complaints as required by law. - Operations Manager:
An operations manager oversees the production process within a company. The role involves monitoring and managing operational costs, quality control, setting budgets and sales goals, and making sure the business complies with rules and regulations. Operations managers need to be excellent communicators, influential leaders, and have an eye for detail—they’re managing a wide range of activities and need to be able to multitask and stay organized. - Sales Manager:
Sales managers oversee the sales department within a company. Their primary role is to work with the sales team to make sure they hit targets and meet goals, and they often act as a trainer or coach to provide support. Today’s sales manager relies on data to inform sales strategy, so a sales manager must have a strong command of modern technology like CRMs, analytics, and marketing software. - Business Administrator
- Business Development Specialist
- Business Manager
- Economist
- Entrepreneur
- Hospitality Manager
- Human Resources Manager
- International Business Specialist
- Marketing Manager
- Operations Manager
- Organizational Leader
- Project Manager
- Supply Chain Managers
Top Criminal Justice Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Probation Officer | 670 | $43,700 |
Forensic Science Technician | 240 | $49,600 |
Police Officer | 4,360 | $54,200 |
Detective | 1,720 | $62,900 |
Correctional Officer | 4,110 | $40,600 |
- Probation Officer:
Probation officers work with criminal offenders after they’ve been released from prison to help them avoid further brushes with the law. Officers meet with offenders to ensure that they’re meeting the terms of their sentence, which may include restrictions on travel, alcohol use, or participation in a drug counseling program. Probation officers may need to attend courtroom appearances and may recommend changes in probation terms based on offender behavior. - Forensic Science Technician:
This position involves working for a police department; examining evidence, performing lab tests, and interpreting data. Technicians split their time working on the crime scene and reviewing evidence in a lab setting. They may also testify in court and share their findings with attorneys and police. - Police Officer:
Police officers are tasked with enforcing the law and monitoring threats to public safety. Officers patrol neighborhoods, respond to calls, and document their interactions with suspects, witnesses, and victims of a crime. Police officers must complete police academy training, as well as pass a background check, credit check, and be in good physical and mental health. Additionally, those with a degree in criminal justice may receive preference – as well as opportunities for promotions down the road. - Detective:
Detectives gather facts for criminal investigations by interviewing suspects, examining evidence, and talking to witnesses. Detectives generally work with large police agencies and specialize in a specific type of crime such as homicide, robbery, or organized crime. To become a detective, you’ll need to train as a police officer. Those with a degree in criminal justice may be preferred candidates. - Correctional Officer:
A correctional officer works at a jail or prison and is responsible for maintaining the safety and control of prisoners. You may be responsible for receiving or transporting prisoners, as well as managing the upkeep of the facility. In general, you don’t need to have a bachelor’s degree to become a correctional officer, but some employers require vocational training or some additional law enforcement training. - Criminal Justice Careers
Top Information Technology Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Hardware Engineer | 67,880 | $87,700 |
Network Administrator | 1,670 | $60,300 |
Data Architect | 560 | $119,400 |
Computer Systems Analyst | 1,590 | $70,000 |
- Hardware Engineer:
Hardware engineers design external elements for computers. They are involved in all parts of the product development process, from ideation to prototyping and testing. They also analyze hardware issues and work to improve reliability. - Network Administrator:
Network administrators are responsible for the maintenance of a company’s software and computer hardware systems. They usually set up, install, and troubleshoot hardware and software, as well as perform repairs, as needed. Additionally, administrators train users on how to use internal applications, check for security breaches, and make sure all applications are up to date. - Data Architect:
Data architects design the layout of an organization’s database, ensuring that all relevant parties have access to the data and programs needed to do their jobs. Typical tasks include creating architecture strategies for each area within the enterprise data model. They communicate plans and problems to management and work with other IT professionals to develop a strategy. - Computer Science Analyst:
Computer science analysts monitor internal networks and systems for security breaches, bugs, and other issues. They recommend and install computer and networking software and equipment and develop IT strategies for companies, looking at everything from cost and execution to how to best help a company build a reliable, internal network. - Database Administrator
- Cyber Security Careers
Top Nursing Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Registered Nurse | 17,350 | $65,500 |
Licensed Practical Nurse | 2,120 | $45,300 |
Nurse Practitioner | 1,110 | $97,600 |
- Registered Nurse:
Registered Nurses or RNs work in a hospital or clinic, but they might also work in a rehab facility, nursing home, or outpatient facility. RNs assess patient health problems and implement care plans. They also advise patients on how to prevent disease and maintain health. Additionally, RNs offer care to sick, elderly, or disabled patients. - Licensed Practical Nurse :
Licensed practical nurses or LPNs are similar to RNs, but they don’t have as many responsibilities as an RN. LPNs obtain their training through a less formal program, often at a vocational school or community college. LPNs work under the supervision of an RN and examine patients, observe symptoms, and care for wounds and injuries. - Nurse Practitioner:
Nurse practitioners or NPs are RNs that go on to earn their master’s degree to advance their medical knowledge. NPs can prescribe medications and provide many of the same functions as a physician. An NP often takes a more hands-on role, treating patients directly, while a doctor might work to diagnose an illness behind the scenes and recommend a treatment plan.
Additional Careers in New Mexico:
- Addiction Counselor
- Child Counselor
- Counselor
- Corrections and Case Manager
- Education
- Forensic Psychology
- Forensic Scientist
- Healthcare Administrator
- Healthcare Manager
- Homeland Security and Crisis Management
- Mental Health Counselor
- Preschool Teacher
- Psychologist
- Public Administrator
- School Counselor
The top occupations with the highest forecasted growth rate in New Mexico
These days, service-based careers are among the top growing occupations in New Mexico. As we’ve seen across the nation, nurse practitioners, physical therapists, and home healthcare aides are among the fastest growing occupations in the state.
Nursing is always a good bet for those seeking a decent salary and steady employment, though becoming a medical assistant or home healthcare worker may serve as a stepping stone for those who lack the funds or the time to pursue full-time education.
Looking beyond the healthcare industry, New Mexico’s top jobs are surprisingly diverse. Jobs like electrician and industrial mechanic are on the growth trajectory, as are roles within marketing and technology.
It’s important to note that pursuing the fastest growing jobs out there doesn’t necessarily mean you’re looking at high earning potential. Home health aides and medical assistants aren’t likely to break the $20 an hour mark. However, those requiring a bachelor’s degree—nursing, physical therapy, anything STEM—will set you up for a stable career with an above-average salary.
- Nurse Practitioner: 34.69%
- Physician Assistant: 33.4%
- Physical Therapist Assistants: 31.48%
- Home Health Aides: 30.77%
- Operations Research Analysts: 26.14%
- Diagnostic Medical Sonographers: 25.90%
- Web Developers: 25.59%
- Physical Therapists: 25.43%
- Brickmasons and Blockmasons: 24.84%
Top 15 Best Associate Degree Programs in New Mexico
New Mexico Junior College
Score: 82.6
- Undergraduate Tuition
- In-State: $1,920
- Out-of-State: $2,280
- Net Price: $5,964
- Acceptance Rate: 100%
- Retention Rate: 55%
- Graduation Rate: 49%
- Total Enrollment: 2,228
- Undergrad Students: 2,228
- Graduate Students: N/A
- Grads Salary: $32,800
- Student-to-faculty: 17:1
Northern New Mexico College
Score: 81.09
- Undergraduate Tuition
- In-State: $6,400
- Out-of-State: $14,328
- Net Price: $8,383
- Acceptance Rate: 100%
- Retention Rate: 53%
- Graduation Rate: 40%
- Total Enrollment: 1,154
- Undergrad Students: 1,154
- Graduate Students: N/A
- Grads Salary: $39,100
- Student-to-faculty: 12:1
San Juan College
Score: 78.88
- Undergraduate Tuition
- In-State: $1,790
- Out-of-State: $4,985
- Net Price: $4,378
- Acceptance Rate: 100%
- Retention Rate: 69%
- Graduation Rate: 23%
- Total Enrollment: 5,454
- Undergrad Students: 5,454
- Graduate Students: N/A
- Grads Salary: $35,700
- Student-to-faculty: 12:1
Eastern New Mexico University-Roswell
Score: 78.49
- Undergraduate Tuition
- In-State: $2,424
- Out-of-State: $5,616
- Net Price: $6,291
- Acceptance Rate: 100%
- Retention Rate: 50%
- Graduation Rate: 35%
- Total Enrollment: 1,856
- Undergrad Students: 1,856
- Graduate Students: N/A
- Grads Salary: $38,000
- Student-to-faculty: 24:1
Central New Mexico Community College
Score: 76.82
- Undergraduate Tuition
- In-State: $1,934
- Out-of-State: $8,366
- Net Price: $4,742
- Acceptance Rate: 100%
- Retention Rate: 62%
- Graduation Rate: 28%
- Total Enrollment: 19,095
- Undergrad Students: 19,095
- Graduate Students: N/A
- Grads Salary: $34,500
- Student-to-faculty: 20:1
University of New Mexico-Valencia County
Score: 74.79
- Undergraduate Tuition
- In-State: $1,878
- Out-of-State: $5,130
- Net Price: $4,706
- Acceptance Rate: 100%
- Retention Rate: 62%
- Graduation Rate: 16%
- Total Enrollment: 1,953
- Undergrad Students: 1,953
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 19:1
Mesalands Community College
Score: 74.67
- Undergraduate Tuition
- In-State: $2,136
- Out-of-State: $3,408
- Net Price: $8,616
- Acceptance Rate: 100%
- Retention Rate: 58%
- Graduation Rate: 52%
- Total Enrollment: 824
- Undergrad Students: 824
- Graduate Students: N/A
- Grads Salary: $26,900
- Student-to-faculty: 12:1
Eastern New Mexico University Ruidoso Branch Community College
Score: 74.62
- Undergraduate Tuition
- In-State: $1,804
- Out-of-State: $2,644
- Net Price: $5,278
- Acceptance Rate: 100%
- Retention Rate: 54%
- Graduation Rate: 17%
- Total Enrollment: 691
- Undergrad Students: 691
- Graduate Students: N/A
- Grads Salary: $38,000
- Student-to-faculty: 12:1
University of New Mexico-Gallup
Score: 74.49
- Undergraduate Tuition
- In-State: $2,575
- Out-of-State: $4,843
- Net Price: $2,583
- Acceptance Rate: 100%
- Retention Rate: 57%
- Graduation Rate: 16%
- Total Enrollment: 2,113
- Undergrad Students: 2,113
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 36:1
Clovis Community College-New Mexico
Score: 73.61
- Undergraduate Tuition
- In-State: $1,334
- Out-of-State: $9,454
- Net Price: $5,005
- Acceptance Rate: 100%
- Retention Rate: 71%
- Graduation Rate: 36%
- Total Enrollment: 7,772
- Undergrad Students: 7,772
- Graduate Students: N/A
- Grads Salary: $28,200
- Student-to-faculty: 27:1
New Mexico State University-Grants
Score: 72.98
- Undergraduate Tuition
- In-State: $2,376
- Out-of-State: $4,272
- Net Price: $8,840
- Acceptance Rate: 100%
- Retention Rate: 52%
- Graduation Rate: 34%
- Total Enrollment: 825
- Undergrad Students: 825
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 17:1
New Mexico State University-Dona Ana
Score: 71.85
- Undergraduate Tuition
- In-State: $2,718
- Out-of-State: $6,360
- Net Price: $5,518
- Acceptance Rate: 100%
- Retention Rate: 64%
- Graduation Rate: 17%
- Total Enrollment: 6,662
- Undergrad Students: 6,662
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 20:1
New Mexico State University-Alamogordo
Score: 70.19
- Undergraduate Tuition
- In-State: $3,000
- Out-of-State: $6,072
- Net Price: $7,778
- Acceptance Rate: 100%
- Retention Rate: 58%
- Graduation Rate: 20%
- Total Enrollment: 1,032
- Undergrad Students: 1,032
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 11:1
New Mexico State University-Carlsbad
Score: 69.42
- Undergraduate Tuition
- In-State: $1,968
- Out-of-State: $4,008
- Net Price: $8,444
- Acceptance Rate: 100%
- Retention Rate: 57%
- Graduation Rate: 22%
- Total Enrollment: 1,673
- Undergrad Students: 1,673
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 13:1
University of New Mexico-Los Alamos
Score: 66.43
- Undergraduate Tuition
- In-State: $2,214
- Out-of-State: $5,686
- Net Price: $10,947
- Acceptance Rate: 100%
- Retention Rate: 40%
- Graduation Rate: 30%
- Total Enrollment: 1,009
- Undergrad Students: 1,009
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 23:1
Top 5 Best Bachelor's Programs in New Mexico
New Mexico Institute of Mining and Technology
Score: 88.01
- Undergraduate Tuition
- In-State: $9,058
- Out-of-State: $26,312
- Net Price: $10,429
- Acceptance Rate: 74%
- Retention Rate: 75%
- Graduation Rate: 55%
- Total Enrollment: 1,689
- Undergrad Students: 1,218
- Graduate Students: 471
- Grads Salary: $85,000
- Student-to-faculty: 9:1
New Mexico State University
Score: 78.59
- Undergraduate Tuition
- In-State: $8,147
- Out-of-State: $25,271
- Net Price: $10,407
- Acceptance Rate: 78%
- Retention Rate: 72%
- Graduation Rate: 51%
- Total Enrollment: 14,268
- Undergrad Students: 11,591
- Graduate Students: 2,677
- Grads Salary: $76,000
- Student-to-faculty: 16:1
St. John's College-Santa Fe
Score: 76.93
- Undergraduate Tuition
- In-State: $38,946
- Out-of-State: $38,946
- Net Price: $29,265
- Acceptance Rate: 54%
- Retention Rate: 74%
- Graduation Rate: 72%
- Total Enrollment: 439
- Undergrad Students: 364
- Graduate Students: 75
- Grads Salary: $74,000
- Student-to-faculty: 8:1
University of New Mexico
Score: 76.12
- Undergraduate Tuition
- In-State: $8,115
- Out-of-State: $26,450
- Net Price: $10,633
- Acceptance Rate: 96%
- Retention Rate: 72%
- Graduation Rate: 52%
- Total Enrollment: 21,953
- Undergrad Students: 16,375
- Graduate Students: 5,578
- Grads Salary: $74,000
- Student-to-faculty: 17:1
Eastern New Mexico University
Score: 75.78
- Undergraduate Tuition
- In-State: $6,863
- Out-of-State: $8,843
- Net Price: $8,702
- Acceptance Rate: 28%
- Retention Rate: 62%
- Graduation Rate: 41%
- Total Enrollment: 5,106
- Undergrad Students: 3,833
- Graduate Students: 1,273
- Grads Salary: $70,000
- Student-to-faculty: 16:1
Top 5 Best Master's Programs in New Mexico
New Mexico Institute of Mining and Technology
Score: 88.01
- Graduate Tuition
- In-State: $8,005
- Out-of-State: $26,479
- Net Price: $10,429
- Acceptance Rate: 74%
- Retention Rate: 75%
- Graduation Rate: 55%
- Total Enrollment: 1,689
- Undergrad Students: 1,218
- Graduate Students: 471
- Grads Salary: $85,000
- Student-to-faculty: 9:1
New Mexico State University
Score: 78.59
- Graduate Tuition
- In-State: $5,181
- Out-of-State: $18,023
- Net Price: $10,407
- Acceptance Rate: 78%
- Retention Rate: 72%
- Graduation Rate: 51%
- Total Enrollment: 14,268
- Undergrad Students: 11,591
- Graduate Students: 2,677
- Grads Salary: $76,000
- Student-to-faculty: 16:1
St. John's College-Santa Fe
Score: 76.93
- Graduate Tuition
- In-State: $26,424
- Out-of-State: $26,424
- Net Price: $29,265
- Acceptance Rate: 54%
- Retention Rate: 74%
- Graduation Rate: 72%
- Total Enrollment: 439
- Undergrad Students: 364
- Graduate Students: 75
- Grads Salary: $74,000
- Student-to-faculty: 8:1
University of New Mexico
Score: 76.12
- Graduate Tuition
- In-State: $6,287
- Out-of-State: $20,442
- Net Price: $10,633
- Acceptance Rate: 96%
- Retention Rate: 72%
- Graduation Rate: 52%
- Total Enrollment: 21,953
- Undergrad Students: 16,375
- Graduate Students: 5,578
- Grads Salary: $74,000
- Student-to-faculty: 17:1
Eastern New Mexico University
Score: 75.78
- Graduate Tuition
- In-State: $5,454
- Out-of-State: $7,226
- Net Price: $8,702
- Acceptance Rate: 28%
- Retention Rate: 62%
- Graduation Rate: 41%
- Total Enrollment: 5,106
- Undergrad Students: 3,833
- Graduate Students: 1,273
- Grads Salary: $70,000
- Student-to-faculty: 16:1
Cost of New Mexico College Education & Salaries
New Mexico schools are all relatively affordable, at least compared with higher education costs in other parts of the country. Both University of New Mexico and New Mexico State University cost about $6,000 per year for residents, which may make these two schools the most obvious choice for students who aren’t sure how to pay for school.
Finally, students unsure of what they want to major in or who are trying to save as much money as possible may want to attend one of the state’s community colleges before transferring to a four-year university. This is a good option for students who didn’t get great grades in high school but plan on getting a bachelor’s degree.
Search Programs Offering New Mexico Majors
College Cost Analysis - New Mexico vs National
Even though New Mexico receive the least amount of federal financial aid, on average, tuition costs are considerably lower as well. A student attending a public university in-state can expect to pay around $6,000 per year. The national average salary for a bachelor’s degree holder is somewhere in the ballpark of $50,000 per year. Now, keep in mind, that number spans all professions and fields of study, but graduates from New Mexico State University can expect to earn about $66,000 per year, on average.
With that in mind, New Mexico students who attend school in-state can expect to pay less than they would in other states, and potentially, earn slightly more than their counterparts across the country. Still, students concerned about maximizing their earning potential may want to opt for a technical degree like engineering, nursing, or computer science, which will pave the way for a stable, in-demand career.
Average New Mexico Tuition & Fees at 4 Year Public Schools
In-State Tuition - $6,902
National Average – $9,580
Out-of-State Tuition – $18,350
National Average – $27,437
Percentage of Students Receiving Financial Aid
New Mexico offers the least amount of federal student aid in the country. The state, on average, awards students with just over $8,000 in financial aid. Additionally, New Mexico leads the nation when it comes to loan default rates. Everyone’s situation is different, but New Mexico residents looking to stay local may want to consider these statistics if they’re concerned about going into debt.
That said, the cost of attending a public university in New Mexico is lower than it is elsewhere, as is the cost of living. Students in the Northeast, for example, receive an average of $11,218, but college and housing arrangements are more expensive in that part of the country.
Financial Aid | New Mexico | Nationally |
---|---|---|
Received Federal Grants | 62% | 37.7% |
Average $ per Recipient | $8,206 | $10,927 |
* Institutional aid represents grant and scholarship funds directly awarded by a postsecondary institution.
* Financial aid data represents 4-year public and private nonprofit schools only.
Scholarships for New Mexico College Students
Every year, students end up paying more than they need to for their education. In part, it’s because the process can be overwhelming as is. While some scholarships require group membership or an outstanding academic record, others are based on financial need, such as the College Affordability Grant. Those in the process of deciding where to attend school should also apply for as many scholarships as possible, especially given the below-average federal financial aid rates in New Mexico.
Below, we’ve included a few scholarships and grants offered to New Mexico residents—though there are countless others worth checking out.
NMSP
New Mexico Scholars Program
http://www.hed.state.nm.us/students/nmscholars.aspx
Amounts: Tuition, books, and fees
Deadline: Varies by institution
The New Mexico Scholars Program awards students who graduate in the top 5% of their class, have an SAT score of 1140+, or an ACT score of 25 or higher. To qualify, students must have a combined household income of $60,000 or less per year. The scholarship may be renewed for up to four years.
CAG
College Affordability Grants
https://hed.nm.gov/financial-aid/scholarships/student-incentive
Amounts: $1,000 per semester (Renewable)
Deadline: Varies by institution
College affordability grants are provided to those students with financial need who did not qualify for other scholarships or federal aid. Students must be enrolled in one of New Mexico’s accredited public colleges or universities and be a state resident. What’s unique about this grant is, part-time students are eligible for the award which makes this a good option for parents, full-time workers, or students who may not be able to cover the cost of full-time enrollment.
To apply students must submit their completed FAFSA and contact their institution for instruction on how to apply. Eligibility periods vary by school. Additionally, students must demonstrate financial need, confirmed by the university. Students may also renew this scholarship on an annual basis.
AAS
Aggie Achiever Scholarship
http://fa.nmsu.edu/scholarships/renewal/
Amounts: $6,500 per year or $26,000 total, for those undergraduates that maintain a GPA higher than 3.5
Deadline: March 1
This scholarship is offered to students who have been enrolled at New Mexico State University’s Los Cruces campus for at least one year. Additionally, they must be planning on taking at least 15 credit hours and have a 3.5 GPA or higher.
HSFACS
HSF/NM Alliance College Scholarships
http://nmalliance.org/home/scholarships/
Amounts: $1,000-$2,500
Deadline: April 6
This scholarship is awarded to US citizens or DACA recipients who live in New Mexico and are pursuing a bachelor’s or master’s degree in an accredited school. Students must qualify for federal financial aid and have a cumulative GPA of 3.0 or higher. The scholarship is a joint effort between the Hispanic Scholarship Fund and the New Mexico Alliance for Hispanic Education. As such, applicants must be of Latino descent.
SMEAA
Sussman Miller Educational Assistance Award
https://abqcf.org/grants/#grant-opportunities
Amounts: $500-$2,000
Deadline: Varies for out-of-state or in-state private schools vs. NM public schools
The Sussman Miller Award is offered to students who attend an accredited college or university full-time and have financial need. Students will need to provide their financial aid letter along with their application, as well as their federal student aid report, official transcripts, and a letter of recommendation.
AAF-NMS
AAF-NM Scholarship
https://aafnm.org/scholarship/
Amounts: $1,400
Deadline: April 29
The American Advertising Federation’s New Mexico branch offers a $1,500 scholarship to full-time students entering their junior or senior year. Applicants must be studying advertising, marketing, business, or journalism and have a GPA of 3.0 or above. To apply, students must submit official transcripts, a resume, a letter of recommendation, and a personal statement outlining their career goals and why they’ve chosen their area of study.
PFLAGS
PFLAG Scholarship
https://pflag.org/localpflagscholarshipprograms
Amounts: $1,000
Deadline: April 15
Santa Fe’s PFLAG chapter awards $1,000 to 15 New Mexico LGBTQ students. The organization seeks out students with strong character; integrity, honesty, and a commitment to community service. To qualify, students must be under age 35 and be able to demonstrate a record of service and community involvement. Preference is given to LGBTQ students. However, students who identify as straight allies are welcome to apply as well.
Most Popular Degrees and Careers in New Mexico
As mentioned in the previous section, the employment trends in New Mexico look a lot like the employment trends we’ve seen in other states and the nation at large. According to the most recent New Mexico Workforce Connection report, the fastest growing industries in the state are leisure and hospitality, sometimes called ‘service-providing’. Service-providing jobs span a wide array of work; they include accountants, marketers, attorneys, consultants, designers, developers, and more.
Unfortunately, the unemployment rate is on the rise, up to 4.7% as of this last quarter. On the whole, jobs in demand tend to lean more toward those with high turnover rates. Servers, janitorial staff, food prep, and fast food workers top the occupation list. For those jobs that require some additional training or a bachelor’s degree, general and operations managers are up there, as are several positions that fall under the healthcare umbrella.
Most notably, the demand for personal care aides is exponentially higher than any other job on this list. Still, workers in that role won’t see huge paychecks. To become a health aide, you’ll need some vocational training or an associate degree—but you might want to look into nursing, as you can earn a healthy paycheck and enjoy a great deal of job security.
While most of the jobs on the top occupations list don’t require much in the way of higher education, New Mexico residents with a degree will have more options available than their peers who do not obtain a bachelor’s degree or higher.
Top Accounting Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
General Accountant | 5,950 | $52,800 |
Financial Analyst | 1,870 | $61,500 |
Internal Auditor | 5,950 | $59,300 |
Compliance Analyst | 1,550 | $58,600 |
Financial Controller | 2,090 | $84,800 |
- General Accountant:
A general accountant gathers and analyzes financial records and documents. That information is used to write business reports, put together profit and loss statements, as well as reconcile balance sheets and invoices. A general accountant typically holds a bachelor’s degree but may go on to further their education—and increase earning potential by obtaining their CPA certification. - Financial Analyst:
A financial analyst may have a degree in accounting, business, or finance. This role involves analyzing market trends, demographics, and economic shifts and then providing advice to clients based on their findings. An analyst working with a company needs to understand how current investments will impact a company’s financial profile. They also need to understand how investments factor into both short and long-term strategy. Financial analysts prepare budgets, make financial forecasts, and work to protect an individual or organization’s wealth. - Internal Auditor:
Internal auditors provide a checks and balances system for a company, making sure there is no fraud at play. Their job is to make sure that a company is compliant with GAAP and tax code and work to identify an organization’s strengths and weaknesses from a financial standpoint. They also evaluate risk, corporate operations, and internal structure. - Compliance Analyst:
Compliance analysts work in a wide range of settings from healthcare to the corporate world, retail, or government. This role requires some tech-savvy, as well as a strong financial background. An analyst’s job, regardless of sector, is to collect and process compliance data (it involves a considerable amount of data entry). They also create and implement compliance policy and procedure and evaluate an organization’s performance. - Financial Controller:
Financial controllers manage the financial department of a company. This includes accounting, auditing, budgeting, and any other finance-related role. Their job is to produce reports, profit and loss statements, balance sheets, and other financial documents. They also must be able to predict an organization’s financial reporting, by analyzing the information provided by other financial personnel. The controller maintains government compliance and is often responsible for submitting official documents to state and federal agencies. To succeed in this role, controllers need a combination of math and problem-solving skills, as well as the ability to distill high-level financial concepts to executives who may not have in-depth accounting/financial knowledge.
Top Business Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Management Consultant | 3,180 | $87,800 |
Financial Manager | 2,090 | $92,600 |
Human Resources Manager | 440 | $68,100 |
Operations Manager | 14,730 | $66,200 |
Sales Manager | 1,130 | $61,600 |
- Management Consultant:
Management consultants help companies improve areas of their business operations. Consultants aim to identify problems in areas like management, reputation, or productivity—and come up with a plan for improvement. Management consultants must be skilled researchers and be able to analyze data. Often, they may be expected to train clients on new business processes, so communication skills are also a must. - Financial Manager:
Financial managers are one of the fastest growing jobs in the country, and their primary function is to help companies or individual clients set and achieve realistic financial goals. Financial managers must be skilled researchers, able to identify market trends as well as weak areas in a client’s portfolio or financial past. Day to day, aspiring financial managers can expect to spend time preparing budgets, reports, and statements, analyzing an organization’s finances, and offering expert advice for financial matters. - Human Resources Manager:
Human resource professionals work to ensure that the company they work for compliance with state and federal laws. HR’s main purview is internal policies and procedures - particularly where employee benefits, paid leave, vacation and sick days are concerned. Plus, managers make sure that the workplace is free from discrimination and harassment, and handle complaints as required by law. - Operations Manager:
An operations manager oversees the production process within a company. The role involves monitoring and managing operational costs, quality control, setting budgets and sales goals, and making sure the business complies with rules and regulations. Operations managers need to be excellent communicators, influential leaders, and have an eye for detail—they’re managing a wide range of activities and need to be able to multitask and stay organized. - Sales Manager:
Sales managers oversee the sales department within a company. Their primary role is to work with the sales team to make sure they hit targets and meet goals, and they often act as a trainer or coach to provide support. Today’s sales manager relies on data to inform sales strategy, so a sales manager must have a strong command of modern technology like CRMs, analytics, and marketing software. - Entrepreneur
- Business Administrator
- Business Development Specialist
- Business Manager
- Marketing Manager
- Human Resources Manager
- Project Manager
- Organizational Leader
Top Criminal Justice Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Probation Officer | 670 | $43,700 |
Forensic Science Technician | 240 | $49,600 |
Police Officer | 4,360 | $54,200 |
Detective | 1,720 | $62,900 |
Correctional Officer | 4,110 | $40,600 |
- Probation Officer:
Probation officers work with criminal offenders after they’ve been released from prison to help them avoid further brushes with the law. Officers meet with offenders to ensure that they’re meeting the terms of their sentence, which may include restrictions on travel, alcohol use, or participation in a drug counseling program. Probation officers may need to attend courtroom appearances and may recommend changes in probation terms based on offender behavior. - Forensic Science Technician:
This position involves working for a police department; examining evidence, performing lab tests, and interpreting data. Technicians split their time working on the crime scene and reviewing evidence in a lab setting. They may also testify in court and share their findings with attorneys and police. - Police Officer:
Police officers are tasked with enforcing the law and monitoring threats to public safety. Officers patrol neighborhoods, respond to calls, and document their interactions with suspects, witnesses, and victims of a crime. Police officers must complete police academy training, as well as pass a background check, credit check, and be in good physical and mental health. Additionally, those with a degree in criminal justice may receive preference – as well as opportunities for promotions down the road. - Detective:
Detectives gather facts for criminal investigations by interviewing suspects, examining evidence, and talking to witnesses. Detectives generally work with large police agencies and specialize in a specific type of crime such as homicide, robbery, or organized crime. To become a detective, you’ll need to train as a police officer. Those with a degree in criminal justice may be preferred candidates. - Correctional Officer:
A correctional officer works at a jail or prison and is responsible for maintaining the safety and control of prisoners. You may be responsible for receiving or transporting prisoners, as well as managing the upkeep of the facility. In general, you don’t need to have a bachelor’s degree to become a correctional officer, but some employers require vocational training or some additional law enforcement training. - Criminal Justice Careers
Top Information Technology Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Hardware Engineer | 67,880 | $87,700 |
Network Administrator | 1,670 | $60,300 |
Data Architect | 560 | $119,400 |
Computer Systems Analyst | 1,590 | $70,000 |
- Hardware Engineer:
Hardware engineers design external elements for computers. They are involved in all parts of the product development process, from ideation to prototyping and testing. They also analyze hardware issues and work to improve reliability. - Network Administrator:
Network administrators are responsible for the maintenance of a company’s software and computer hardware systems. They usually set up, install, and troubleshoot hardware and software, as well as perform repairs, as needed. Additionally, administrators train users on how to use internal applications, check for security breaches, and make sure all applications are up to date. - Data Architect:
Data architects design the layout of an organization’s database, ensuring that all relevant parties have access to the data and programs needed to do their jobs. Typical tasks include creating architecture strategies for each area within the enterprise data model. They communicate plans and problems to management and work with other IT professionals to develop a strategy. - Computer Science Analyst:
Computer science analysts monitor internal networks and systems for security breaches, bugs, and other issues. They recommend and install computer and networking software and equipment and develop IT strategies for companies, looking at everything from cost and execution to how to best help a company build a reliable, internal network. - Database Administrator
- Cyber Security Careers
Top Nursing Careers and Salaries
CAREER NAME | NUMBER OF JOBS | AVERAGE ANNUAL SALARY |
---|---|---|
Registered Nurse | 17,350 | $65,500 |
Licensed Practical Nurse | 2,120 | $45,300 |
Nurse Practitioner | 1,110 | $97,600 |
- Registered Nurse:
Registered Nurses or RNs work in a hospital or clinic, but they might also work in a rehab facility, nursing home, or outpatient facility. RNs assess patient health problems and implement care plans. They also advise patients on how to prevent disease and maintain health. Additionally, RNs offer care to sick, elderly, or disabled patients. - Licensed Practical Nurse :
Licensed practical nurses or LPNs are similar to RNs, but they don’t have as many responsibilities as an RN. LPNs obtain their training through a less formal program, often at a vocational school or community college. LPNs work under the supervision of an RN and examine patients, observe symptoms, and care for wounds and injuries. - Nurse Practitioner:
Nurse practitioners or NPs are RNs that go on to earn their master’s degree to advance their medical knowledge. NPs can prescribe medications and provide many of the same functions as a physician. An NP often takes a more hands-on role, treating patients directly, while a doctor might work to diagnose an illness behind the scenes and recommend a treatment plan.
Additional Careers in New Mexico:
The top occupations with the highest forecasted growth rate in New Mexico
These days, service-based careers are among the top growing occupations in New Mexico. As we’ve seen across the nation, nurse practitioners, physical therapists, and home healthcare aides are among the fastest growing occupations in the state.
Nursing is always a good bet for those seeking a decent salary and steady employment, though becoming a medical assistant or home healthcare worker may serve as a stepping stone for those who lack the funds or the time to pursue full-time education.
Looking beyond the healthcare industry, New Mexico’s top jobs are surprisingly diverse. Jobs like electrician and industrial mechanic are on the growth trajectory, as are roles within marketing and technology.
It’s important to note that pursuing the fastest growing jobs out there doesn’t necessarily mean you’re looking at high earning potential. Home health aides and medical assistants aren’t likely to break the $20 an hour mark. However, those requiring a bachelor’s degree—nursing, physical therapy, anything STEM—will set you up for a stable career with an above-average salary.
- Nurse Practitioner: 34.69%
- Physician Assistant: 33.4%
- Physical Therapist Assistants: 31.48%
- Home Health Aides: 30.77%
- Operations Research Analysts: 26.14%
- Diagnostic Medical Sonographers: 25.90%
- Web Developers: 25.59%
- Physical Therapists: 25.43%
- Brickmasons and Blockmasons: 24.84%
Top 15 Best Associate Degree Programs in New Mexico
New Mexico Junior College
Score: 82.6
- Undergraduate Tuition
- In-State: $1,920
- Out-of-State: $2,280
- Net Price: $5,964
- Acceptance Rate: 100%
- Retention Rate: 55%
- Graduation Rate: 49%
- Total Enrollment: 2,228
- Undergrad Students: 2,228
- Graduate Students: N/A
- Grads Salary: $32,800
- Student-to-faculty: 17:1
Northern New Mexico College
Score: 81.09
- Undergraduate Tuition
- In-State: $6,400
- Out-of-State: $14,328
- Net Price: $8,383
- Acceptance Rate: 100%
- Retention Rate: 53%
- Graduation Rate: 40%
- Total Enrollment: 1,154
- Undergrad Students: 1,154
- Graduate Students: N/A
- Grads Salary: $39,100
- Student-to-faculty: 12:1
San Juan College
Score: 78.88
- Undergraduate Tuition
- In-State: $1,790
- Out-of-State: $4,985
- Net Price: $4,378
- Acceptance Rate: 100%
- Retention Rate: 69%
- Graduation Rate: 23%
- Total Enrollment: 5,454
- Undergrad Students: 5,454
- Graduate Students: N/A
- Grads Salary: $35,700
- Student-to-faculty: 12:1
Eastern New Mexico University-Roswell
Score: 78.49
- Undergraduate Tuition
- In-State: $2,424
- Out-of-State: $5,616
- Net Price: $6,291
- Acceptance Rate: 100%
- Retention Rate: 50%
- Graduation Rate: 35%
- Total Enrollment: 1,856
- Undergrad Students: 1,856
- Graduate Students: N/A
- Grads Salary: $38,000
- Student-to-faculty: 24:1
Central New Mexico Community College
Score: 76.82
- Undergraduate Tuition
- In-State: $1,934
- Out-of-State: $8,366
- Net Price: $4,742
- Acceptance Rate: 100%
- Retention Rate: 62%
- Graduation Rate: 28%
- Total Enrollment: 19,095
- Undergrad Students: 19,095
- Graduate Students: N/A
- Grads Salary: $34,500
- Student-to-faculty: 20:1
University of New Mexico-Valencia County
Score: 74.79
- Undergraduate Tuition
- In-State: $1,878
- Out-of-State: $5,130
- Net Price: $4,706
- Acceptance Rate: 100%
- Retention Rate: 62%
- Graduation Rate: 16%
- Total Enrollment: 1,953
- Undergrad Students: 1,953
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 19:1
Mesalands Community College
Score: 74.67
- Undergraduate Tuition
- In-State: $2,136
- Out-of-State: $3,408
- Net Price: $8,616
- Acceptance Rate: 100%
- Retention Rate: 58%
- Graduation Rate: 52%
- Total Enrollment: 824
- Undergrad Students: 824
- Graduate Students: N/A
- Grads Salary: $26,900
- Student-to-faculty: 12:1
Eastern New Mexico University Ruidoso Branch Community College
Score: 74.62
- Undergraduate Tuition
- In-State: $1,804
- Out-of-State: $2,644
- Net Price: $5,278
- Acceptance Rate: 100%
- Retention Rate: 54%
- Graduation Rate: 17%
- Total Enrollment: 691
- Undergrad Students: 691
- Graduate Students: N/A
- Grads Salary: $38,000
- Student-to-faculty: 12:1
University of New Mexico-Gallup
Score: 74.49
- Undergraduate Tuition
- In-State: $2,575
- Out-of-State: $4,843
- Net Price: $2,583
- Acceptance Rate: 100%
- Retention Rate: 57%
- Graduation Rate: 16%
- Total Enrollment: 2,113
- Undergrad Students: 2,113
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 36:1
Clovis Community College-New Mexico
Score: 73.61
- Undergraduate Tuition
- In-State: $1,334
- Out-of-State: $9,454
- Net Price: $5,005
- Acceptance Rate: 100%
- Retention Rate: 71%
- Graduation Rate: 36%
- Total Enrollment: 7,772
- Undergrad Students: 7,772
- Graduate Students: N/A
- Grads Salary: $28,200
- Student-to-faculty: 27:1
New Mexico State University-Grants
Score: 72.98
- Undergraduate Tuition
- In-State: $2,376
- Out-of-State: $4,272
- Net Price: $8,840
- Acceptance Rate: 100%
- Retention Rate: 52%
- Graduation Rate: 34%
- Total Enrollment: 825
- Undergrad Students: 825
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 17:1
New Mexico State University-Dona Ana
Score: 71.85
- Undergraduate Tuition
- In-State: $2,718
- Out-of-State: $6,360
- Net Price: $5,518
- Acceptance Rate: 100%
- Retention Rate: 64%
- Graduation Rate: 17%
- Total Enrollment: 6,662
- Undergrad Students: 6,662
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 20:1
New Mexico State University-Alamogordo
Score: 70.19
- Undergraduate Tuition
- In-State: $3,000
- Out-of-State: $6,072
- Net Price: $7,778
- Acceptance Rate: 100%
- Retention Rate: 58%
- Graduation Rate: 20%
- Total Enrollment: 1,032
- Undergrad Students: 1,032
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 11:1
New Mexico State University-Carlsbad
Score: 69.42
- Undergraduate Tuition
- In-State: $1,968
- Out-of-State: $4,008
- Net Price: $8,444
- Acceptance Rate: 100%
- Retention Rate: 57%
- Graduation Rate: 22%
- Total Enrollment: 1,673
- Undergrad Students: 1,673
- Graduate Students: N/A
- Grads Salary: $35,900
- Student-to-faculty: 13:1
University of New Mexico-Los Alamos
Score: 66.43
- Undergraduate Tuition
- In-State: $2,214
- Out-of-State: $5,686
- Net Price: $10,947
- Acceptance Rate: 100%
- Retention Rate: 40%
- Graduation Rate: 30%
- Total Enrollment: 1,009
- Undergrad Students: 1,009
- Graduate Students: N/A
- Grads Salary: $37,900
- Student-to-faculty: 23:1
Top 5 Best Bachelor's Programs in New Mexico
New Mexico Institute of Mining and Technology
Score: 88.01
- Undergraduate Tuition
- In-State: $9,058
- Out-of-State: $26,312
- Net Price: $10,429
- Acceptance Rate: 74%
- Retention Rate: 75%
- Graduation Rate: 55%
- Total Enrollment: 1,689
- Undergrad Students: 1,218
- Graduate Students: 471
- Grads Salary: $85,000
- Student-to-faculty: 9:1
New Mexico State University
Score: 78.59
- Undergraduate Tuition
- In-State: $8,147
- Out-of-State: $25,271
- Net Price: $10,407
- Acceptance Rate: 78%
- Retention Rate: 72%
- Graduation Rate: 51%
- Total Enrollment: 14,268
- Undergrad Students: 11,591
- Graduate Students: 2,677
- Grads Salary: $76,000
- Student-to-faculty: 16:1
St. John's College-Santa Fe
Score: 76.93
- Undergraduate Tuition
- In-State: $38,946
- Out-of-State: $38,946
- Net Price: $29,265
- Acceptance Rate: 54%
- Retention Rate: 74%
- Graduation Rate: 72%
- Total Enrollment: 439
- Undergrad Students: 364
- Graduate Students: 75
- Grads Salary: $74,000
- Student-to-faculty: 8:1
University of New Mexico
Score: 76.12
- Undergraduate Tuition
- In-State: $8,115
- Out-of-State: $26,450
- Net Price: $10,633
- Acceptance Rate: 96%
- Retention Rate: 72%
- Graduation Rate: 52%
- Total Enrollment: 21,953
- Undergrad Students: 16,375
- Graduate Students: 5,578
- Grads Salary: $74,000
- Student-to-faculty: 17:1
Eastern New Mexico University
Score: 75.78
- Undergraduate Tuition
- In-State: $6,863
- Out-of-State: $8,843
- Net Price: $8,702
- Acceptance Rate: 28%
- Retention Rate: 62%
- Graduation Rate: 41%
- Total Enrollment: 5,106
- Undergrad Students: 3,833
- Graduate Students: 1,273
- Grads Salary: $70,000
- Student-to-faculty: 16:1
Top 5 Best Master's Programs in New Mexico
New Mexico Institute of Mining and Technology
Score: 88.01
- Graduate Tuition
- In-State: $8,005
- Out-of-State: $26,479
- Net Price: $10,429
- Acceptance Rate: 74%
- Retention Rate: 75%
- Graduation Rate: 55%
- Total Enrollment: 1,689
- Undergrad Students: 1,218
- Graduate Students: 471
- Grads Salary: $85,000
- Student-to-faculty: 9:1
New Mexico State University
Score: 78.59
- Graduate Tuition
- In-State: $5,181
- Out-of-State: $18,023
- Net Price: $10,407
- Acceptance Rate: 78%
- Retention Rate: 72%
- Graduation Rate: 51%
- Total Enrollment: 14,268
- Undergrad Students: 11,591
- Graduate Students: 2,677
- Grads Salary: $76,000
- Student-to-faculty: 16:1
St. John's College-Santa Fe
Score: 76.93
- Graduate Tuition
- In-State: $26,424
- Out-of-State: $26,424
- Net Price: $29,265
- Acceptance Rate: 54%
- Retention Rate: 74%
- Graduation Rate: 72%
- Total Enrollment: 439
- Undergrad Students: 364
- Graduate Students: 75
- Grads Salary: $74,000
- Student-to-faculty: 8:1
University of New Mexico
Score: 76.12
- Graduate Tuition
- In-State: $6,287
- Out-of-State: $20,442
- Net Price: $10,633
- Acceptance Rate: 96%
- Retention Rate: 72%
- Graduation Rate: 52%
- Total Enrollment: 21,953
- Undergrad Students: 16,375
- Graduate Students: 5,578
- Grads Salary: $74,000
- Student-to-faculty: 17:1
Eastern New Mexico University
Score: 75.78
- Graduate Tuition
- In-State: $5,454
- Out-of-State: $7,226
- Net Price: $8,702
- Acceptance Rate: 28%
- Retention Rate: 62%
- Graduation Rate: 41%
- Total Enrollment: 5,106
- Undergrad Students: 3,833
- Graduate Students: 1,273
- Grads Salary: $70,000
- Student-to-faculty: 16:1
Cost of New Mexico College Education & Salaries
New Mexico schools are all relatively affordable, at least compared with higher education costs in other parts of the country. Both University of New Mexico and New Mexico State University cost about $6,000 per year for residents, which may make these two schools the most obvious choice for students who aren’t sure how to pay for school.
Finally, students unsure of what they want to major in or who are trying to save as much money as possible may want to attend one of the state’s community colleges before transferring to a four-year university. This is a good option for students who didn’t get great grades in high school but plan on getting a bachelor’s degree.
Search Programs Offering New Mexico Majors
College Cost Analysis - New Mexico vs National
Even though New Mexico receive the least amount of federal financial aid, on average, tuition costs are considerably lower as well. A student attending a public university in-state can expect to pay around $6,000 per year. The national average salary for a bachelor’s degree holder is somewhere in the ballpark of $50,000 per year. Now, keep in mind, that number spans all professions and fields of study, but graduates from New Mexico State University can expect to earn about $66,000 per year, on average.
With that in mind, New Mexico students who attend school in-state can expect to pay less than they would in other states, and potentially, earn slightly more than their counterparts across the country. Still, students concerned about maximizing their earning potential may want to opt for a technical degree like engineering, nursing, or computer science, which will pave the way for a stable, in-demand career.
Average New Mexico Tuition & Fees at 4 Year Public Schools
In-State Tuition - $6,902
National Average – $9,580
Out-of-State Tuition – $18,350
National Average – $27,437
Percentage of Students Receiving Financial Aid
New Mexico offers the least amount of federal student aid in the country. The state, on average, awards students with just over $8,000 in financial aid. Additionally, New Mexico leads the nation when it comes to loan default rates. Everyone’s situation is different, but New Mexico residents looking to stay local may want to consider these statistics if they’re concerned about going into debt.
That said, the cost of attending a public university in New Mexico is lower than it is elsewhere, as is the cost of living. Students in the Northeast, for example, receive an average of $11,218, but college and housing arrangements are more expensive in that part of the country.
Financial Aid | New Mexico | Nationally |
---|---|---|
Received Federal Grants | 62% | 37.7% |
Average $ per Recipient | $8,206 | $10,927 |
* Institutional aid represents grant and scholarship funds directly awarded by a postsecondary institution.
* Financial aid data represents 4-year public and private nonprofit schools only.
Scholarships for New Mexico College Students
Every year, students end up paying more than they need to for their education. In part, it’s because the process can be overwhelming as is. While some scholarships require group membership or an outstanding academic record, others are based on financial need, such as the College Affordability Grant. Those in the process of deciding where to attend school should also apply for as many scholarships as possible, especially given the below-average federal financial aid rates in New Mexico.
Below, we’ve included a few scholarships and grants offered to New Mexico residents—though there are countless others worth checking out.
NMSP
New Mexico Scholars Program
http://www.hed.state.nm.us/students/nmscholars.aspx
Amounts: Tuition, books, and fees
Deadline: Varies by institution
The New Mexico Scholars Program awards students who graduate in the top 5% of their class, have an SAT score of 1140+, or an ACT score of 25 or higher. To qualify, students must have a combined household income of $60,000 or less per year. The scholarship may be renewed for up to four years.
CAG
College Affordability Grants
https://hed.nm.gov/financial-aid/scholarships/student-incentive
Amounts: $1,000 per semester (Renewable)
Deadline: Varies by institution
College affordability grants are provided to those students with financial need who did not qualify for other scholarships or federal aid. Students must be enrolled in one of New Mexico’s accredited public colleges or universities and be a state resident. What’s unique about this grant is, part-time students are eligible for the award which makes this a good option for parents, full-time workers, or students who may not be able to cover the cost of full-time enrollment.
To apply students must submit their completed FAFSA and contact their institution for instruction on how to apply. Eligibility periods vary by school. Additionally, students must demonstrate financial need, confirmed by the university. Students may also renew this scholarship on an annual basis.
AAS
Aggie Achiever Scholarship
http://fa.nmsu.edu/scholarships/renewal/
Amounts: $6,500 per year or $26,000 total, for those undergraduates that maintain a GPA higher than 3.5
Deadline: March 1
This scholarship is offered to students who have been enrolled at New Mexico State University’s Los Cruces campus for at least one year. Additionally, they must be planning on taking at least 15 credit hours and have a 3.5 GPA or higher.
HSFACS
HSF/NM Alliance College Scholarships
http://nmalliance.org/home/scholarships/
Amounts: $1,000-$2,500
Deadline: April 6
This scholarship is awarded to US citizens or DACA recipients who live in New Mexico and are pursuing a bachelor’s or master’s degree in an accredited school. Students must qualify for federal financial aid and have a cumulative GPA of 3.0 or higher. The scholarship is a joint effort between the Hispanic Scholarship Fund and the New Mexico Alliance for Hispanic Education. As such, applicants must be of Latino descent.
SMEAA
Sussman Miller Educational Assistance Award
https://abqcf.org/grants/#grant-opportunities
Amounts: $500-$2,000
Deadline: Varies for out-of-state or in-state private schools vs. NM public schools
The Sussman Miller Award is offered to students who attend an accredited college or university full-time and have financial need. Students will need to provide their financial aid letter along with their application, as well as their federal student aid report, official transcripts, and a letter of recommendation.
AAF-NMS
AAF-NM Scholarship
https://aafnm.org/scholarship/
Amounts: $1,400
Deadline: April 29
The American Advertising Federation’s New Mexico branch offers a $1,500 scholarship to full-time students entering their junior or senior year. Applicants must be studying advertising, marketing, business, or journalism and have a GPA of 3.0 or above. To apply, students must submit official transcripts, a resume, a letter of recommendation, and a personal statement outlining their career goals and why they’ve chosen their area of study.
PFLAGS
PFLAG Scholarship
https://pflag.org/localpflagscholarshipprograms
Amounts: $1,000
Deadline: April 15
Santa Fe’s PFLAG chapter awards $1,000 to 15 New Mexico LGBTQ students. The organization seeks out students with strong character; integrity, honesty, and a commitment to community service. To qualify, students must be under age 35 and be able to demonstrate a record of service and community involvement. Preference is given to LGBTQ students. However, students who identify as straight allies are welcome to apply as well.