New Mexico Military Institute

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2017 Undergraduate Tuition

$400

76.2% growth from 2016

2017 Average Net Price

$4,218

After Financial Aid

2016 Student Loan

9.21%

Default Rate

2017 Acceptance Rate

42.3%

807 Applicants

2017 Enrolled Students

419

100% Full-Time

2017 Graduation Rate

32.7%

88 Graduates

About

New Mexico Military Institute is a higher education institution located in Chaves County, NM. In 2016, the most popular Bachelor's Degree concentrations at New Mexico Military Institute were .

In 2017, 117 degrees were awarded across all undergraduate and graduate programs at New Mexico Military Institute. 25.6% of these degrees were awarded to women, and 74.4% awarded men. The majority of degree recipients were white (30 degrees), 1.2 times more than then the next closest race/ethnicity group, hispanic or latino (25 degrees).

The median undergraduate tuition at New Mexico Military Institute is $400, which is $-7,014 less than the national average for Associates Colleges ($7,414).

Associates Colleges: High Transfer-High Traditional Associates Colleges

Costs

The median undergraduate tuition at New Mexico Military Institute is $400, which is $-7,014 less than the national average for Associates Colleges ($7,414).

After taking grants and loans into account, the average net price for students is $4,218.

In 2017, 92% of undergraduate students received federal grants, while 22% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$400

2017 Undergraduate Tuition

In 2017, the cost of tuition at New Mexico Military Institute was $400. The cost of tuition at New Mexico Military Institute is $-7,014 less than than the overall (public and private) national average for Associates Colleges ($7,414).

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

Average Net Price

$4,218

2017 Value

10.1%

1 Year Growth

In 2017 New Mexico Military Institute had an average net price — the price paid after factoring in grants and loans — of $4,218. Between 2016 and 2017, the average net price of New Mexico Military Institute grew by 10.1%.

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

$5,325

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at New Mexico Military Institute was of $5,325 in 2017. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 3% between 2016 and 2017. 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

Financial Aid by Income Level

92%

Of Undergraduates Receive Grants

22%

Of Undergraduates Receive Federal Loans

92% of undergraduate students at New Mexico Military Institute received grants or loans in 2017. This represents a decline of 3.16% with respect to 2016, 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.

9.21%

2016 Default Rate

Number of Defaults

In 2016 the default rate for borrower's at New Mexico Military Institute was 9.21%, which represents 7 out of the 76 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 807 undergraduate applications in 2017, which represents a 8.61% annual decline. Out of those 807 applicants, 341 students were accepted for enrollment, representing a 42.3% acceptance rate.

There were 419 students enrolled at New Mexico Military Institute in 2017, and 44% of first-time enrollees submitted SAT scores with their applications.

New Mexico Military Institute has an overall enrollment yield of 63.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

42.3%

Acceptance Rate in 2017

341

Accepted Out of 807

In 2017, the undergraduate acceptance rate of New Mexico Military Institute was 42.3% (341 admissions from 807 applications). This is higher than the acceptance rate of 2016, which was 36.1%. Between 2016 and 2017, the number of applicants declined by -8.61%, while admissions grew by 6.9%.

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

SAT Scores

44%

Submission Percentage

108

Scores Submitted

44% of enrolled first-time students at New Mexico Military Institute in 2017 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 419 students. The full-time enrollment at New Mexico Military Institute is 419 students and the part-time enrollment is 0. This means that 100% 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 31.3% White, 22.9% Hispanic or Latino, 20.8% Black or African American, 6.44% Native Hawaiian or Other Pacific Islanders, 2.86% Two or More Races, 2.63% American Indian or Alaska Native, and 2.39% Asian.

Students enrolled at New Mexico Military Institute in full-time Undergraduate programs are majority White Male (25.5%), followed by Black or African American Male (18.9%) and Hispanic or Latino Male (17.2%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at New Mexico Military Institute, both undergraduate and graduate, is 419 students. The full-time enrollment at New Mexico Military Institute is 419 and the part-time enrollment is 0. This means that 100% of students enrolled at New Mexico Military Institute are enrolled full-time compared with 36% 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

55%

2017 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 55%. Compared with the full-time retention rate at similar Associates Colleges (61%), 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

White
131
Hispanic or Latino
96
Black or African American
87

The enrolled student population at New Mexico Military Institute is 31.3% White, 22.9% Hispanic or Latino, 20.8% Black or African American, 6.44% Native Hawaiian or Other Pacific Islanders, 2.86% Two or More Races, 2.63% American Indian or Alaska Native, and 2.39% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 45.9% White, 25.3% Hispanic or Latino, and 12.8% 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, 3 students (0.716%) did not report their race.

Graduates

In 2017, 57 fewer women than men received degrees from New Mexico Military Institute. The majority of degree recipients at New Mexico Military Institute are white (30 degrees awarded). There were 1.2 times more white graduates than the next closest race/ethnicity group, hispanic or latino (25 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 (117 degrees awarded).

Workforce

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 (62,941 people), Other managers (20,245 people), Lawyers, & judges, magistrates, & other judicial workers (15,075 people), Education administrators (13,416 people), and Chief executives & legislators (10,834 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (117 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, Physicians, Information security analysts, Chief executives & legislators, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (117 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 (97,748 people), Colleges, universities & professional schools, including junior colleges (25,896 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (18,541 people), Legal services (16,376 people), and Justice, public order, & safety activities (14,593 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (117 degrees awarded).

Degrees

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 degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

In 2017, 87 degrees were awarded to men at New Mexico Military Institute, which is 2.9 times more than the number of degrees awarded to females (30).

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

Most Common Male Majors

In false, 87 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 2.9 times more than the 30 female recipients with that same degree.

Most Common Female Majors

In false, 30 degrees were awarded to women at New Mexico Military Institute in Liberal Arts & Sciences, which is 0.345 times less than the 87 male recipients with that same degree.

Time to Complete

33%

100% Completion Time

37%

150% Completion Time

In 2017, 33% 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, 37% completed their degrees within 150% of the normal time, and 38% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at New Mexico Military Institute is Female and Asian (100% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (68.1%).

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, 1.14% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
30 degrees awarded
Hispanic or Latino
25 degrees awarded
Black or African American
19 degrees awarded

The most common race/ethnicity at New Mexico Military Institute is white (30 degrees awarded). There were 1.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (25 degrees).

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

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
22 degrees awarded
Hispanic or Latino Male
21 degrees awarded
Black or African American Male
17 degrees awarded

The most common race/ethnicity and gender grouping at New Mexico Military Institute is white male (22 degrees awarded). There were 1.05 times more white male recipients than the next closest race/ethnicity group, hispanic or latino male (21 degrees).

Operations

New Mexico Military Institute has an endowment valued at nearly $491M, as of the end of the 2017 fiscal year. The return on its endowment was of $12.3M (2.52%), compared to the 2.22% average return ($81.1k on $3.66M) across all Associates Colleges.

In 2017, New Mexico Military Institute had a total salary expenditure of $19.4M. New Mexico Military Institute employs 29 Instructors, 22 Associate professors, and 17 Assistant professors. Most academics at New Mexico Military Institute are Male Instructors (20), Male Associate professors(15), and Female Assistant professors (12).

The most common positions for non-instructional staff at New Mexico Military Institute are: Service, with 60 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 38 employees, and Office and Administrative Support with 35 employees.

Finances

Endowment

$491M

2017 Endowment

0.944%

growth from 2016

New Mexico Military Institute has an endowment valued at about $491M, as of the end of the 2017 fiscal year. The endowment of New Mexico Military Institute grew 0.944% from the previous year. The value of their endowment was $487M 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

$275k - Federal
$1.46M - State
$0 - Local

As of 2017, New Mexico Military Institute received $275k in grants and contracts from the federal government, $1.46M from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$5.32M

2017 Salaries

11%

decline from 2016

In 2017, New Mexico Military Institute paid a median of $5.32M in salaries, which represents 27.4% of their overall expenditure ($19.4M) and a 11% decline from the previous year. This is compared to a 7.78% decline from 2015 and a 4.8% growth from 2014.

The median for similar Associates Colleges is 14.9M (41.7% of overall expenditures).

Instructional Salaries

$4.84M

Instructional Salaries

Number of Employees

In 2017, New Mexico Military Institute paid a total of $4.84M to 81 employees working as instructors, which represents 91% of all salaries paid.

This is compared to a median of $4.65M (31.1%) for similar Associates Colleges.

Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

29 Employees

Service

Most Common Non-Instructional Employee

60 Employees

In 2017, the most common positions for instructional staff at New Mexico Military Institute were Instructor with 29 employees; Associate professor with 22 employees; and Associate professor with 17 employees.

In 2017, the most common positions for non-instructional staff at New Mexico Military Institute were Service with 60 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 38 employees; and Office and Administrative Support with 35 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Instructor
Male Associate professor
Female Assistant professor

In 2017, the most common demographic for instructional staff at New Mexico Military Institute was Male Instructor with 20 employees, Male Associate professor with 15 employees, and Female Assistant professor with 12 employees.

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

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