Best Value Colleges in New Mexico

Students attend school in the Land of Enchantment for a number of reasons.

Many are drawn there for its great values for higher education -- overall, New Mexico colleges have some of the highest college ROIs in the country.  Read More

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1New Mexico State University - Main Campus(In-State)
20 Year Net ROI$408,000
Total 4 Year Cost$75,700
Grad Rate46%
Time to Graduate5 Years
Loan Amt$20,000
2New Mexico State University - Main Campus(Out-of-State)
20 Year Net ROI$357,000
Total 4 Year Cost$127,000
Grad Rate46%
Time to Graduate5 Years
Loan Amt$20,000
3University of New Mexico (UNM)(In-State)
20 Year Net ROI$336,000
Total 4 Year Cost$77,900
Grad Rate48%
Time to Graduate5 Years
Loan Amt$22,900
4University of New Mexico (UNM)(Out-of-State)
20 Year Net ROI$280,000
Total 4 Year Cost$134,000
Grad Rate48%
Time to Graduate5 Years
Loan Amt$22,900
5Eastern New Mexico University - Main Campus(In-State)
20 Year Net ROI$260,000
Total 4 Year Cost$63,800
Grad Rate28%
Time to Graduate5 Years
Loan Amt$18,400
6Eastern New Mexico University - Main Campus(Out-of-State)
20 Year Net ROI$238,000
Total 4 Year Cost$86,100
Grad Rate28%
Time to Graduate5 Years
Loan Amt$18,400

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

Others choose to matriculate in New Mexico because of its incredible natural beauty and several bustling, vibrant cities and towns. The New Mexico College ROI Report allows students and their families to identify the New Mexico colleges and universities that provide the best return on investment for their educational dollars. Whatever it is that makes you want to attend college in this fascinating state, consider using PayScale's data to zero in on the best value colleges in New Mexico before submitting any applications.

Located in Las Cruces, New Mexico, New Mexico State University is the oldest and second-largest university in the state. With its 257th national ranking for 20 Year Net ROI, for 2016, it is the best value college New Mexico students can attend. Earning a degree from NMSU costs an average of $75,700, and the 20 Year Net ROI is $408,000 without financial aid and $441,000 with it. Made up of eight colleges and a graduate school, New Mexico State University offers 87 baccalaureate degree programs and 51 master's degree programs.

Ranked 408th nationally in terms of 20 Year Net ROI, the University of New Mexico provides a college return on investment New Mexico residents can use to establish strong, successful careers. Founded in 1889, its 600-acre campus is located just a mile east of downtown Albuquerque. UNM is made up of 12 colleges and schools, and its School of Engineering is consistently highly ranked. Its 20 Year Net ROI is $336,000; that figure jumps to $359,000 with financial aid. This bustling public university has produced many prominent alumni, including NFL players, state governors, district court judges and mayors of major U.S. cities.

A relatively inexpensive school, Eastern New Mexico University -- to go with the New Mexico theme -- provides a big bang for your buck. Incredibly, the average cost to earn a degree from this public school is just $63,800, but alumni report a median return of investment of $260,000 over the 20 years following graduation. With financial aid, that number jumps to $280,000. Located in Portales, New Mexico, Eastern 344-acre campus is about three-and-a-half hours east of Albuquerque, affording students plenty of opportunities for outdoor adventure. Since 1934, the school has been providing a value of college education New Mexico residents can use to build strong careers.