New Mexico Military Institute

Associates Colleges

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2016 Undergraduate Tuition

$1,681

7% growth from 2015

2016 Average Net Price

$4,693

After Financial Aid

2015 Student Loan

12.1%

Default Rate

2016 Acceptance Rate

36.1%

883 Applicants

2016 Enrolled Students

422

100% Full-Time

2016 Graduation Rate

37.4%

98 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

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 2016, 127 degrees were awarded across all undergraduate and graduate programs at New Mexico Military Institute. 20.5% of these degrees were awarded to women, and 79.5% awarded men. The majority of degree recipients were white (35 degrees), 1.06 times more than then the next closest race/ethnicity group, hispanic or latino (33 degrees).

The median undergraduate tuition at New Mexico Military Institute is $1,681, which is $-5,639 less than the national average for Associates Colleges ($7,320).

Photo by Alex Proimos

Associates Colleges: High Transfer-High TraditionalAssociates Colleges

Costs

The median undergraduate tuition at New Mexico Military Institute is $1,681, which is $-5,639 less than the national average for Associates Colleges ($7,320).

After taking grants and loans into account, the average net price for students is $4,693.

In 2016, 95% of undergraduate students received federal grants, while 18% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$1,681

2016 Undergraduate Tuition

In 2016, the cost of tuition at New Mexico Military Institute was $1,681. The cost of tuition at New Mexico Military Institute is $-5,639 less than than the overall (public and private) national average for Associates Colleges ($7,320).

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

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Average Net Price

$4,693

2016 Value

35.3%

1 Year Growth

In 2016 New Mexico Military Institute had an average net price — the price paid after factoring in grants and loans — of $4,693. Between 2015 and 2016, the average net price of New Mexico Military Institute grew by 35.3%.

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.

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Other Student Expenses

$5,170

Room and Board

$1,100

Books and Supplies

The average yearly cost of room and board at New Mexico Military Institute was of $5,170 in 2016. During the same period, the average yearly cost of books and supplies was $1,100. The cost of room and board increased by 2.99% between 2015 and 2016. The cost of books and supplies decreased by 26.7% during the same period.

This chart compares the average student costs at New Mexico Military Institute (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

95%

Of Undergraduates Receive Grants

18%

Of Undergraduates Receive Federal Loans

95% of undergraduate students at New Mexico Military Institute received grants or loans in 2016. This represents a growth of 4.4% with respect to 2015, when 91% 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.

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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.

12.1%

2015 Default Rate

11

Number of Defaults

In 2015 the default rate for borrower's at New Mexico Military Institute was 12.1%, which represents 11 out of the 91 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.

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Admissions

New Mexico Military Institute received 883 undergraduate applications in 2016, which represents a 5.75% annual growth. Out of those 883 applicants, 319 students were accepted for enrollment, representing a 36.1% acceptance rate.

There were 422 students enrolled at New Mexico Military Institute in 2016, and 44% of first-time enrollees submitted SAT scores with their applications.

New Mexico Military Institute has an overall enrollment yield of 86.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

36.1%

Acceptance Rate in 2016

319

Accepted Out of 883

In 2016, the undergraduate acceptance rate of New Mexico Military Institute was 36.1% (319 admissions from 883 applications). This is lower than the acceptance rate of 2015, which was 40.4%. Between 2015 and 2016, the number of applicants grew by 5.75%, while admissions declined by -5.34%.

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

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SAT Scores

44%

Submission Percentage

121

Scores Submitted

44% of enrolled first-time students at New Mexico Military Institute in 2016 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.

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Enrollment

New Mexico Military Institute has a total enrollment of 422 students. The full-time enrollment at New Mexico Military Institute is 422 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 30.3% White, 21.1% Hispanic or Latino, 20.1% Black or African American, 5.45% Native Hawaiian or Other Pacific Islanders, 4.27% Asian, 3.55% American Indian or Alaska Native, and 3.32% Two or More Races.

Students enrolled at New Mexico Military Institute in full-time Undergraduate programs are majority White Male (25.6%), followed by Black or African American Male (19.2%) and Hispanic or Latino Male (17.1%). 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 422 students. The full-time enrollment at New Mexico Military Institute is 422 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 36.5% 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.

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Retention Rate over Time

46%

2016 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 46%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    128

  2. Hispanic or Latino

    89

  3. Black or African American

    85

The enrolled student population at New Mexico Military Institute is 30.3% White, 21.1% Hispanic or Latino, 20.1% Black or African American, 5.45% Native Hawaiian or Other Pacific Islanders, 4.27% Asian, 3.55% American Indian or Alaska Native, and 3.32% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 46.8% White, 24.4% Hispanic or Latino, and 13% 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, 2 students (0.474%) did not report their race.

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Graduates

In 2016, 75 fewer women than men received degrees from New Mexico Military Institute. The majority of degree recipients at New Mexico Military Institute are white (35 degrees awarded). There were 1.06 times more white graduates than the next closest race/ethnicity group, hispanic or latino (33 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 (127 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 (62,786 people), Miscellaneous managers (25,368 people), Secretaries & administrative assistants (12,052 people), Firstline supervisors of retail sales workers (11,795 people), and Education administrators (11,160 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (127 degrees awarded).

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Highest Paying Jobs by Major

Securities, commodities, & financial services sales agents

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 Securities, commodities, & financial services sales agents, Physicians & surgeons, Other Sales Workers, Dentists, and Chief executives & legislators

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (127 degrees awarded).

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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 (96,645 people), Colleges, universities & professional schools, including junior colleges (23,112 people), Hospitals (22,949 people), Insurance carriers & related activities (15,588 people), and Computer Systems Design (14,968 people).

The most specialized majors at New Mexico Military Institute are Liberal Arts & Humanities (127 degrees awarded).

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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

  1. N/A

    N/A degrees awarded

  2. N/A

    N/A degrees awarded

  3. N/A

    N/A degrees awarded

In N/A, 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 recipients from bachelors degree programs at New Mexico Military Institute according to their major.

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 101

  2. 26

In 2016, 101 degrees were awarded to men at New Mexico Military Institute, which is 3.88 times more than the number of degrees awarded to females (26).

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

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Most Common Male Majors

In N/A, 101 degrees were awarded to men at New Mexico Military Institute in Liberal Arts & Sciences, which is 3.88 times more than the 26 female recipients with that same degree.

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Most Common Female Majors

In N/A, 26 degrees were awarded to women at New Mexico Military Institute in Liberal Arts & Sciences, which is 0.257 times less than the 101 male recipients with that same degree.

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Time to Complete

29%

100% Completion Time

29%

150% Completion Time

In 2016, 29% 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, 29% completed their degrees within 150% of the normal time, and 30% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (60%)

The student demographic with the highest graduation rate at New Mexico Military Institute is Female and American Indian or Alaska Native (60% graduation rate). Across all Associates Colleges, Asian Female students have the highest graduation rate (67.2%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    35 degrees awarded

  2. Hispanic or Latino

    33 degrees awarded

  3. Black or African American

    20 degrees awarded

The most common race/ethnicity at New Mexico Military Institute is white (35 degrees awarded). There were 1.06 times more white recipients than the next closest race/ethnicity group, hispanic or latino (33 degrees).

0.787% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    31 degrees awarded

  2. Hispanic or Latino Male

    22 degrees awarded

  3. Black or African American Male

    19 degrees awarded

The most common race/ethnicity and gender grouping at New Mexico Military Institute is white male (31 degrees awarded). There were 1.41 times more white male recipients than the next closest race/ethnicity group, hispanic or latino male (22 degrees).

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Operations

New Mexico Military Institute has an endowment valued at nearly $496M, as of the end of the 2015 fiscal year. The return on its endowment was of $13.3M (2.68%), compared to the 1.4% average return ($43.5k on $3.12M) across all Associates Colleges.

In 2015, New Mexico Military Institute had a total expenditure of $19.2M. Of that $19.2M, they spent $6.48M on salaries and $19.2M on benefits.

New Mexico Military Institute employs 31 Instructors, 22 Associate professors, and 18 Assistant professors. Most academics at New Mexico Military Institute are Male Instructors (21), Male Associate professors(14), and Female Assistant professors (12).

The most common positions for non-instructional staff at New Mexico Military Institute are: Service, with 56 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 36 employees, and Office and Administrative Support with 35 employees.

Finances

Endowment

$496M

2015 Endowment

0.205%

decline from 2014

New Mexico Military Institute has an endowment valued at about $496M, as of the end of the 2015 fiscal year. The endowment of New Mexico Military Institute declined 0.205% from the previous year. The value of their endowment was $493M 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.

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Government Grants and Contracts

Grants & Contracts

  1. $272k - Federal

  2. $1.53M - State

  3. $0 - Local

As of 2015, New Mexico Military Institute received $272k in grants and contracts from the federal government, $1.53M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$6.48M

Salary Expenditure

$19.2M

Benefits Expenditure

In 2015, New Mexico Military Institute had a total expenditure of $19.2M. Of that $19.2M, they spent $6.48M on salaries and $19.2M on benefits.

The bar chart shows the share of the primary expenses at New Mexico Military Institute over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Associates Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at New Mexico Military Institute as a share of total expenditure.

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Salary Expenditure

$6.48M

2015 Salaries

4.8%

growth from 2014

In 2015, New Mexico Military Institute paid a median of $6.48M in salaries, which represents 33.8% of their overall expenditure ($19.2M) and a 4.8% growth from the previous year. This is compared to a 6.25% growth from 2013 and a 2.74% growth from 2012.

The median for similar Associates Colleges is 14.3M (44.1% of overall expenditures).

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Instructional Salaries

$4.81M

Instructional Salaries

81

Number of Employees

In 2015, New Mexico Military Institute paid a total of $4.81M to 81 employees working as instructors, which represents 74.2% of all salaries paid.

This is compared to a median of $4.44M (31%) for similar Associates Colleges.

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Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

31 Employees

Service

Most Common Non-Instructional Employee

56 Employees

In 2016, the most common positions for instructional staff at New Mexico Military Institute were Instructor with 31 employees; Associate professor with 22 employees; and Associate professor with 18 employees.

In 2016, the most common positions for non-instructional staff at New Mexico Military Institute were Service with 56 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 36 employees; and Office and Administrative Support with 35 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Instructor

  2. Male Associate professor

  3. Female Assistant professor

In 2016, the most common demographic for instructional staff at New Mexico Military Institute was Male Instructor with 21 employees, Male Associate professor with 14 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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