New Mexico Military Institute

www.nmmi.edu/

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2020 Undergraduate Tuition

$400

0% growth from 2019

2020 Average Net Price

$7,775

After Financial Aid

2018 Student Loan

13.5%

Default Rate

2020 Acceptance Rate

40.7%

627 Applicants

2020 Enrolled Students

493

79.3% Full-Time

2020 Graduation Rate

46.1%

100 Graduates

About

New Mexico Military Institute is a higher education institution located in Chaves County, NM. In N/A, the most popular Bachelor's Degree concentrations at New Mexico Military Institute were N/A.

In 2020, 123 degrees were awarded across all undergraduate and graduate programs at New Mexico Military Institute. 30.1% of these degrees were awarded to women, and 69.9% awarded men. The most common race/ethnicity group of degree recipients was white (35 degrees), 1.09 times more than then the next closest race/ethnicity group, hispanic or latino (32 degrees).

The median undergraduate tuition at New Mexico Military Institute is $400, which is $−7,580 less than the national average for Associates Colleges ($7,980).

Costs

The median undergraduate tuition at New Mexico Military Institute is $400, which is $−7,580 less than the national average for Associates Colleges ($7,980).

After taking grants and loans into account, the average net price for students is $7,775.

In 2020, 76% 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

$400

2020 Undergraduate Tuition

In 2020, the cost of tuition at New Mexico Military Institute was $400. The cost of tuition at New Mexico Military Institute is $−7,580 less than than the overall (public and private) national average for Associates Colleges ($7,980).

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

Average Net Price

$7,775

2020 Value

8.53%

1 Year Growth

In 2020 New Mexico Military Institute had an average net price — the price paid after factoring in grants and loans — of $7,775. Between 2019 and 2020, the average net price of New Mexico Military Institute grew by 8.53%.

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

$5,876

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at New Mexico Military Institute was of $5,876 in 2020. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 5.38% between 2019 and 2020. 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

76%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

76% of undergraduate students at New Mexico Military Institute received financial aid through grants or loans in 2020. This represents a decline of 20% with respect to 2019, when 95% 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.

13.5%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at New Mexico Military Institute was 13.5%, which represents 10 out of the 74 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 627 undergraduate applications in 2020, which represents a 6.84% annual decline. Out of those 627 applicants, 255 students were accepted for enrollment, representing a 40.7% acceptance rate.

There were 493 students enrolled at New Mexico Military Institute in 2020, and 0% of first-time enrollees submitted SAT scores with their applications.

New Mexico Military Institute has an overall enrollment yield of 84.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

40.7%

Acceptance Rate in 2020

255

Accepted Out of 627

In 2020, the undergraduate acceptance rate of New Mexico Military Institute was 40.7% (255 admissions from 627 applications). This is higher than the acceptance rate of 2019, which was 33.6%. Between 2019 and 2020, the number of applicants declined by −6.84%, while admissions grew by 12.8%.

This chart compares the acceptance rate of New Mexico Military Institute (in red) with that of other similar universities.

SAT Scores

Submission Percentage

Scores Submitted

0% of enrolled first-time students at New Mexico Military Institute in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

New Mexico Military Institute has a total enrollment of 493 students. The full-time enrollment at New Mexico Military Institute is 391 students and the part-time enrollment is 102. This means that 79.3% 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 33.7% Hispanic or Latino, 29.4% White, 11.6% Black or African American, 3.85% Native Hawaiian or Other Pacific Islanders, 3.65% Two or More Races, 3.04% Asian, and 1.83% American Indian or Alaska Native.

Students enrolled at New Mexico Military Institute in full-time Undergraduate programs are most commonly Hispanic or Latino Male (24.8%), followed by White Male (22%) and Black or African American Male (13%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

79.3%

Full-Time Enrollment

The total enrollment at New Mexico Military Institute, both undergraduate and graduate, is 493 students. The full-time enrollment at New Mexico Military Institute is 391 and the part-time enrollment is 102. This means that 79.3% of students enrolled at New Mexico Military Institute are enrolled full-time compared with 34.4% 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

51%

2020 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 51%. 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

Hispanic or Latino
166
White
145
Black or African American
57

The enrolled student population at New Mexico Military Institute is 33.7% Hispanic or Latino, 29.4% White, 11.6% Black or African American, 3.85% Native Hawaiian or Other Pacific Islanders, 3.65% Two or More Races, 3.04% Asian, and 1.83% 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 44.5% White, 26.8% Hispanic or Latino, and 12.2% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 1 students (0.203%) did not report their race.

Graduates

In 2020, 49 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 white (35 degrees awarded). There were 1.09 times more white graduates than the next closest race/ethnicity group, hispanic or latino (32 degrees).

The most common Bachelor's Degree concentration at New Mexico Military Institute is N/A, followed by N/A and N/A.

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 (123 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 (59,315 people), Other managers (20,709 people), Education administrators (12,385 people), Lawyers, & judges, magistrates, & other judicial workers (10,919 people), and Firstline supervisors of retail sales workers (10,609 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (123 degrees awarded).

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, Skincare specialists, Broadcast announcers and radio disc jockeys, Physicians, and Dentists

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (123 degrees awarded).

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 (101,608 people), Colleges, universities & professional schools, including junior colleges (26,555 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (20,590 people), Justice, public order, & safety activities (13,666 people), and Computer Systems Design (13,570 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (123 degrees awarded).

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.

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In false, the most common bachelors degree concentration at New Mexico Military Institute was N/A with N/A degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 86 degrees were awarded to men at New Mexico Military Institute, which is 2.32 times more than the number of degrees awarded to females (37).

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

Most Common Male Majors

In false, 86 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 2.32 times more than the 37 female recipients with that same degree.

Most Common Female Majors

In false, 37 degrees were awarded to women at New Mexico Military Institute in Liberal Arts & Sciences, which is 0.43 times less than the 86 male recipients with that same degree.

Time to Complete

37%

100% Completion Time

42%

150% Completion Time

In 2020, 37% 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, 42% completed their degrees within 150% of the normal time, and 42% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at New Mexico Military Institute is Female and Two or More Races (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
35 degrees awarded
Hispanic or Latino
32 degrees awarded
Native Hawaiian or Other Pacific Islanders
12 degrees awarded

The most common race/ethnicity at New Mexico Military Institute is white (35 degrees awarded). There were 1.09 times more white recipients than the next closest race/ethnicity group, hispanic or latino (32 degrees).

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

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
29 degrees awarded
Hispanic or Latino Male
20 degrees awarded
Hispanic or Latino Female
12 degrees awarded

The most common race/ethnicity and sex grouping at New Mexico Military Institute is white male (29 degrees awarded). There were 1.45 times more white male recipients than the next closest race/ethnicity group, hispanic or latino male (20 degrees).

Operations

New Mexico Military Institute has an endowment valued at nearly $492M, as of the end of the 2020 fiscal year. The return on its endowment was of $12.9M (2.61%), compared to the 5.11% average return ($226k on $4.42M) across all Associates Colleges.

In 2020, New Mexico Military Institute had a total salary expenditure of $19.6M. New Mexico Military Institute employs 22 Instructors, 22 Associate professors, and 21 Assistant professors. Most academics at New Mexico Military Institute are Male Instructors (16), Male Associate professors(12), and Female Assistant professors (11).

The most common positions for non-instructional staff at New Mexico Military Institute are: Service, with 62 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 49 employees, and Office and Administrative Support with 42 employees.

Endowment

$492M

2020 Endowment

0.285%

growth from 2019

New Mexico Military Institute has an endowment valued at about $492M, as of the end of the 2020 fiscal year. The endowment of New Mexico Military Institute grew 0.285% from the previous year. The value of their endowment was $488M 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.

Government Grants and Contracts

Grants & Contracts

$409k - Federal
$1.58M - State
$0 - Local

As of 2020, New Mexico Military Institute received $409k in grants and contracts from the federal government, $1.58M from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$6.29M

2020 Salaries

1.85%

decline from 2019

In 2020, New Mexico Military Institute paid a median of $6.29M in salaries, which represents 32.1% of their overall expenditure ($19.6M) and a 1.85% decline from the previous year. This is compared to a 12% growth from 2018 and a 7.53% growth from 2017.

The median for similar Associates Colleges is 16.8M (43.6% of overall expenditures).

Instructional Salaries

$4.94M

Instructional Salaries

Number of Employees

In 2020, New Mexico Military Institute paid a total of $4.94M to 76 employees working as instructors, which represents 78.5% of all salaries paid.

This is compared to a median of $4.98M (29.6%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

22 Employees

Service

Most Common Non-Instructional Employee

62 Employees

In 2020, the most common positions for instructional staff at New Mexico Military Institute were Instructor with 22 employees; Associate professor with 22 employees; and Associate professor with 21 employees.

In 2020, the most common positions for non-instructional staff at New Mexico Military Institute were Service with 62 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 49 employees; and Office and Administrative Support with 42 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Instructor
Male Associate professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at New Mexico Military Institute was Male Instructor with 16 employees, Male Associate professor with 12 employees, and Female Assistant professor with 11 employees.

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