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 Institute of Mining and Technology (New Mexico Tech)(In-State)
20 Year Net ROI$601,000
Total 4 Year Cost$76,000
Grad Rate45%
Time to Graduate5 Years
Loan Amt$19,600
2New Mexico Institute of Mining and Technology (New Mexico Tech)(Out-of-State)
20 Year Net ROI$554,000
Total 4 Year Cost$123,000
Grad Rate45%
Time to Graduate5 Years
Loan Amt$19,600
3New Mexico State University - Main Campus(In-State)
20 Year Net ROI$359,000
Total 4 Year Cost$76,000
Grad Rate46%
Time to Graduate5 Years
Loan Amt$20,000
4New Mexico State University - Main Campus(Out-of-State)
20 Year Net ROI$306,000
Total 4 Year Cost$129,000
Grad Rate46%
Time to Graduate5 Years
Loan Amt$20,000
5University of New Mexico (UNM)(In-State)
20 Year Net ROI$291,000
Total 4 Year Cost$80,100
Grad Rate48%
Time to Graduate5 Years
Loan Amt$22,900
6University of New Mexico (UNM)(Out-of-State)
20 Year Net ROI$234,000
Total 4 Year Cost$137,000
Grad Rate48%
Time to Graduate5 Years
Loan Amt$22,900
7Eastern New Mexico University - Main Campus(In-State)
20 Year Net ROI$189,000
Total 4 Year Cost$65,200
Grad Rate28%
Time to Graduate5 Years
Loan Amt$18,400
8Eastern New Mexico University - Main Campus(Out-of-State)
20 Year Net ROI$167,000
Total 4 Year Cost$87,800
Grad Rate28%
Time to Graduate5 Years
Loan Amt$18,400
9New Mexico Highlands University(In-State)
20 Year Net ROI$117,000
Total 4 Year Cost$66,200
Grad Rate17%
Time to Graduate5 Years
Loan Amt$20,300
10New Mexico Highlands University(Out-of-State)
20 Year Net ROI$107,000
Total 4 Year Cost$76,100
Grad Rate17%
Time to Graduate5 Years
Loan Amt$20,300
11Western New Mexico University(In-State)
20 Year Net ROI$48,000
Total 4 Year Cost$82,500
Grad Rate21%
Time to Graduate5 Years
Loan Amt$26,000
12Western New Mexico University(Out-of-State)
20 Year Net ROI$16,200
Total 4 Year Cost$114,000
Grad Rate21%
Time to Graduate5 Years
Loan Amt$26,000

*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. Made up of eight colleges and a graduate school, New Mexico State University offers 87 baccalaureate degree programs and 51 master's degree programs.

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. 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 provides a big bang for your buck. 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.