Most Affordable Colleges in New Mexico 2024

MOST AFFORDABLE COLLEGES IN NEW MEXICO
By James Barham
Published:
Updated:

Here are the most affordable colleges and universities in New Mexico. Our list will help you find the right kind of school for you, at a price you can afford.

Most Affordable Colleges in New Mexico 2024

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  1. University of New Mexico
  2. New Mexico State University
  3. Eastern New Mexico University
  4. New Mexico Highlands University
  5. New Mexico Institute of Mining and Technology
  6. Western New Mexico University
  7. University of the Southwest
  8. Northern New Mexico College
  1. University of New Mexico 97%
  2. New Mexico Institute of Mining and Technology 97%
  3. New Mexico State University 57%
  4. Eastern New Mexico University 33%
  1. University of New Mexico 19 to 1
  2. University of the Southwest 17 to 1
  3. Eastern New Mexico University 17 to 1
  4. New Mexico State University 16 to 1
  5. New Mexico Highlands University 13 to 1
  6. Western New Mexico University 12 to 1
  7. Northern New Mexico College 11 to 1
  8. New Mexico Institute of Mining and Technology 8 to 1
  1. University of the Southwest $16,200
  2. New Mexico Institute of Mining and Technology $7,031
  3. University of New Mexico $6,605
  4. New Mexico State University $6,041
  5. New Mexico Highlands University $4,758
  6. Western New Mexico University $4,417
  7. Eastern New Mexico University $4,074
  8. Northern New Mexico College $3,447
  1. University of the Southwest $22,500
  2. New Mexico Institute of Mining and Technology $7,344
  3. University of New Mexico $6,050
  4. New Mexico Highlands University $5,580
  5. Eastern New Mexico University $5,351
  6. New Mexico State University $4,981
  7. Western New Mexico University $3,558
  8. Northern New Mexico College $2,652
  1. Northern New Mexico College
  2. University of the Southwest
  3. Western New Mexico University
  4. New Mexico Institute of Mining and Technology
  5. New Mexico Highlands University
  6. Eastern New Mexico University
  7. New Mexico State University
  8. University of New Mexico
  1. Eastern New Mexico University 33%
  2. New Mexico State University 57%
  3. New Mexico Institute of Mining and Technology 97%
  4. University of New Mexico 97%
  1. New Mexico Institute of Mining and Technology 8 to 1
  2. Northern New Mexico College 11 to 1
  3. Western New Mexico University 12 to 1
  4. New Mexico Highlands University 13 to 1
  5. New Mexico State University 16 to 1
  6. University of the Southwest 17 to 1
  7. Eastern New Mexico University 17 to 1
  8. University of New Mexico 19 to 1
  1. Northern New Mexico College $3,447
  2. Eastern New Mexico University $4,074
  3. Western New Mexico University $4,417
  4. New Mexico Highlands University $4,758
  5. New Mexico State University $6,041
  6. University of New Mexico $6,605
  7. New Mexico Institute of Mining and Technology $7,031
  8. University of the Southwest $16,200
  1. Northern New Mexico College $2,652
  2. Western New Mexico University $3,558
  3. New Mexico State University $4,981
  4. Eastern New Mexico University $5,351
  5. New Mexico Highlands University $5,580
  6. University of New Mexico $6,050
  7. New Mexico Institute of Mining and Technology $7,344
  8. University of the Southwest $22,500

Colleges and Universities in New Mexico

New Mexico has 23 higher learning establishments to choose from, and a tuition range of $1,000-$8,000 in the public sphere makes this state one of the most affordable in the nation. The University of New Mexico, located in Albuquerque, has a student population just over 20,000 and an affordable cost of $8,000. The school is known for its health sciences and business programs.

New Mexico also has four tribal colleges and universities, including the largest tribal college in the country, Navajo Technical University. Students can complete programs in animal science, early childhood multicultural education, and industrial engineering. In addition, New Mexico provides two loan forgiveness programs, one for health professionals and one for public service attorneys. Those working in designated shortage areas can qualify for up to $25,000 per year, and attorneys providing service for government, non-profit, or underserved residents may acquire $7,200 per year.

Pueblos, roadrunners, cacti, and the Rio Grande make New Mexico one of the most unique states in the nation. Though its alleged history of UFO sightings is perhaps its most famous draw, New Mexico has another fascinating monument worth mentioning - Capulin Volcano. The peak of this extinct cider cone volcano, which can be reached by car, offers visitors a view of four other states. Students looking to earn an associate, bachelor’s, master’s, or doctoral degree in The Land of Enchantment are sure to find interesting activities to do alongside their studies.

Prepare to be enchanted by the higher education options and career prospects that New Mexico has to offer.

What are New Mexico’s Colleges & Universities?

New Mexico’s Best Overall

New Mexico's Most Affordable Colleges and Universities Badge
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There are 8 colleges and universities in New Mexico with stated tuitions and fees under $20,000/year. The following list of the most affordable colleges and universities in New Mexico is composed entirely of schools offering bachelor’s degree programs, have stated tuition and fees near or under the national average of $16,000/year, and are fully accredited colleges.

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Most Affordable Colleges in New Mexico 2023

These schools are ranked by academic excellence, and all under $20,000/year.

  3. #3

    New Mexico Institute of Mining and Technology

    Socorro , NM
    #20 Best Colleges and Universities by Academic Stewardship #1 Best Small Colleges in New Mexico 2024 #1 Best Liberal Arts Colleges in New Mexico 2024 #3 Best Grad Schools in New Mexico 2024
    Other Rankings

    Tuition + fees

    $8K

    Acceptance

    97%

    Graduation

    55%

    Student body

    1K

    Median SAT/ACT

    1260/26

    Career Outlook for degree at New Mexico Institute of Mining and Technology

    Cost of Degree: $8,425
    Expenses: $12,768
    Starting Salary: $62,487
    Salary after 4 years: $87,087
    Cost Recoup Time: 6 years
    Paid back at 15% of annual salary
    What is New Mexico Institute of Mining and Technology known for?

    New Mexico Institute of Mining and Technology’s faculty and alumni have been influential in:

    Most Influential Alumni

    Compare school
  4. #4

    Eastern New Mexico University

    Portales , NM
    #2 Best Small Colleges in New Mexico 2024 #2 Best Liberal Arts Colleges in New Mexico 2024 #4 Best Colleges in New Mexico 2024 #4 The Most Influential Universities and Colleges Ranked by State 2024
    Other Rankings

    Tuition + fees

    $7K

    Acceptance

    33%

    Graduation

    40%

    Student body

    4K

    Median SAT/ACT

    1055/20

    Career Outlook for degree at Eastern New Mexico University

    Cost of Degree: $6,528
    Expenses: $13,262
    Starting Salary: $42,711
    Salary after 4 years: $51,195
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary
    What is Eastern New Mexico University known for?

    Eastern New Mexico University’s faculty and alumni have been influential in:

    Most Influential Alumni

    Compare school
  5. #5

    Western New Mexico University

    Silver City , NM
    #3 Best Small Colleges in New Mexico 2024 #3 Best Liberal Arts Colleges in New Mexico 2024 #5 Best Colleges in New Mexico 2024 #5 Best Public Colleges in New Mexico 2024
    Other Rankings

    Tuition + fees

    $7K

    Graduation

    29%

    Student body

    2K

    Career Outlook for degree at Western New Mexico University

    Cost of Degree: $6,557
    Expenses: $16,478
    Starting Salary: $48,905
    Salary after 4 years: $53,006
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary
    What is Western New Mexico University known for?

    Western New Mexico University’s faculty and alumni have been influential in:

    Most Influential Alumni

    Compare school
  7. #6

    New Mexico Highlands University

    Las Vegas , NM
    #4 Best Small Colleges in New Mexico 2024 #4 Best Liberal Arts Colleges in New Mexico 2024 #6 Best Colleges in New Mexico 2024 #6 Best Public Colleges in New Mexico 2024
    Other Rankings

    Tuition + fees

    $7K

    Graduation

    27%

    Student body

    2K

    Career Outlook for degree at New Mexico Highlands University

    Cost of Degree: $6,876
    Expenses: $14,020
    Starting Salary: $40,657
    Salary after 4 years: $53,212
    Cost Recoup Time: 9 years
    Paid back at 15% of annual salary
    What is New Mexico Highlands University known for?

    New Mexico Highlands University’s faculty and alumni have been influential in:

    Most Influential Alumni

    Compare school
  8. #7

    Northern New Mexico College

    Espanola , NM
    #5 Best Small Colleges in New Mexico 2024 #5 Best Liberal Arts Colleges in New Mexico 2024 #7 Best Colleges in New Mexico 2024 #7 Best Public Colleges in New Mexico 2024

    Tuition + fees

    $5K

    Graduation

    36%

    Student body

    <1K

    Career Outlook for degree at Northern New Mexico College

    Cost of Degree: $4,952
    Starting Salary: $30,000
    What is Northern New Mexico College known for?

    Northern New Mexico College’s faculty and alumni have been influential in:

    Compare school
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New Mexico’s Most Affordable Colleges in Your Area of Interest

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2021 Ranking Archive
  1. Northern New Mexico College
  2. Western New Mexico University
  3. New Mexico Highlands University
  4. Eastern New Mexico University
  5. New Mexico State University
  6. University of New Mexico
  7. New Mexico Institute of Mining and Technology
  8. University of the Southwest
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