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Annual Costs

Undergraduate Tuition

New Mexico Highlands University tuition is $4,248 per year for in-state residents. This is 40% cheaper than the national average public four year tuition of $7,056. The cost is 66% cheaper than the average New Mexico tuition of $12,485 for 4 year colleges. Tuition ranks 5th in New Mexico amongst 4 year colleges for affordability and is the 13th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $7,582 which represents a 78% premium.

The school charges an additional fees of $1,706 in addition to tuition bringing the total effective in-state tuition to $5,954.

Housing Costs

On campus room and board is provided by the school at a cost of $7,654 per academic year. Students electing to live off campus elsewhere in Las Vegas should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,144.

Other Living Expenses

If living on-campus, students should budget for $3,968 in additional living expenses. Off-campus students should budget for $3,968 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state New Mexico residents to go to New Mexico Highlands University is $18,720 for the 2017/2018 academic year. Out-of-state students who don't have New Mexico residence can expect a one year cost of $22,054.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for New Mexico Highlands University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for New Mexico Highlands University
Estimated Budgets
New Mexico Resident Total Budget $18,720
   In-State Tuition$4,248
   Other Fees$1,706
   Room and Board$7,654
   On-Campus Other Budget$3,968
   Books and Supplies$1,144
Non-Resident Total Budget $22,054
   Out-of-State Tuition$7,582
   Other Fees$1,706
   Room and Board$7,654
   On-Campus Other Budget$3,968
   Books and Supplies$1,144

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $18,720 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported New Mexico Highlands University net price for in-state students is $10,241* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

90% of New Mexico Highlands University students received grant aid in 2014/2015. The average total aid amount was $6,657. 58 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,238. To apply for a Pell Grant to attend New Mexico Highlands University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for New Mexico Highlands University
Financial Aid Summary
Average Annual Net Price$10,241*
Percent of Students Receiving Grant Aid90%
Average Total Grant Aid$6,657
Percent of Students Receiving Pell Grants58%
Average Amount of Pell Grant Aid$4,238

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$5,884
$30,001 to $48,000$5,425
$48,001 to $75,000$8,219
$75,001 to $110,000$9,438
$110,000+$10,315

Average Financial Aid Mix - $18,720 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $18,720. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

45%
32%
23%

Grants and Scholarships

 45% - $6,657

Money granted to you by the U.S. Department of Education, New Mexico Highlands University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 32% - $4,772

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 23% -  $3,323

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at New Mexico Highlands University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at New Mexico Highlands University is $74,880 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $9,969 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $39,876**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $93,600 or $49,845 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at New Mexico Highlands University.

New Mexico Resident Tuition Per Semester$2,124
New Mexico Resident Total Cost Per Semester$9,360
Non-New Mexico Resident Tuition Per Semester$3,791
Non-New Mexico Resident Total Cost Per Semester$11,027

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at New Mexico Highlands University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at New Mexico Highlands University
Price per credit hour for New Mexico residents$177
Cost for one class for New Mexico residents (3 credit hours)$531
Price per credit hour for out of state residents$316
Cost for one class for out of state residents (3 credit hours)$948
Cost for one class for out of state residents (4 credit hours)$1,264

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 37% of New Mexico Highlands University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,772.

Example Loan Payments and Costs

How much are student loan payments for New Mexico Highlands University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $39,876, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $49,476.97. This could be your effective total out of pocket cost of an education at New Mexico Highlands University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 90% of students at this school who receive financial aid and you are paying an average annual net price of $9,969. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our New Mexico Highlands University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

New Mexico Highlands University Student Loan Payments
Example Payments
Monthly Loan Payment$412.31
Amount Borrowed$39,876.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$9,600.97
Sum of All Payments over 10 years$49,476.97

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend New Mexico Highlands University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending New Mexico Highlands University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $49,476.97 would be needed to afford a $412.31 monthly payment in the example $39,876.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to New Mexico Highlands University in the future? In the past four years, this school's published in-state tuition and fee total rose from $2,653 to $4,248. This amounts to an average annual price increase of 12%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $74,880.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for New Mexico Highlands University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$25,744$102,977
Estimated Cost in 10 years for students enrolling in 2029$32,857$131,428
Estimated Cost in 15 years for students enrolling in 2034 $41,935$167,739
Estimated Cost in 18 years for students enrolling in 2037 $48,545$194,179

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at New Mexico Highlands University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Clinical/Medical Social Work Bachelor's Degree 80 2% costlier
Business Administration and Management, General Bachelor's Degree 74 36% cheaper
Criminal Justice/Safety Studies Bachelor's Degree 15 35% cheaper
Kindergarten/Preschool Education and Teaching Bachelor's Degree 15 31% cheaper
Speech Communication and Rhetoric Bachelor's Degree 11 44% cheaper
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 10 45% cheaper
Social Sciences, Other Bachelor's Degree 9 53% cheaper
Biology/Biological Sciences, General Bachelor's Degree 7 45% cheaper
Computer and Information Sciences, General Bachelor's Degree 6 40% cheaper
Health Teacher Education Bachelor's Degree 6 38% cheaper
Registered Nursing/Registered Nurse Bachelor's Degree 6 39% cheaper
Special Education and Teaching, General Bachelor's Degree 6 38% cheaper
Geology/Earth Science, General Bachelor's Degree 3 47% cheaper
History, General Bachelor's Degree 2 46% cheaper
Chemistry, General Bachelor's Degree 2 47% cheaper
Political Science and Government, General Bachelor's Degree 2 47% cheaper
Forestry, General Bachelor's Degree 1 40% cheaper
English Language and Literature, General Bachelor's Degree 1 45% cheaper
Cinematography and Film/Video Production Bachelor's Degree 1 48% cheaper
Elementary Education and Teaching Associate's Degree 1 23% costlier
Music, General Bachelor's Degree 1 47% cheaper
Psychology, General Bachelor's Degree 1 45% cheaper
Spanish Language and Literature Bachelor's Degree 1 49% cheaper
Management Information Systems, General Bachelor's Degree 1 40% cheaper
Design and Visual Communications, General Bachelor's Degree 1 44% cheaper
Mathematics, General Bachelor's Degree 1 46% cheaper
Art/Art Studies, General Bachelor's Degree 1 44% cheaper
Physical Education Teaching and Coaching Bachelor's Degree 1 37% cheaper

Calculators

Use the calculators below to formulate a college savings plan for New Mexico Highlands University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford New Mexico Highlands University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a New Mexico Highlands University student loan.

Prepayment Option

About New Mexico Highlands University

New Mexico Highlands University is a four year public college located in Las Vegas, New Mexico.  Full time enrollment is 2,082 and part time is 1,240.  New Mexico Highlands University has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes. Learn more about New Mexico Highlands University at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
New Mexico Highlands University
University Ave
Las Vegas, New Mexico
87701

For Profit / Not For Profit Status

New Mexico Highlands University is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

New Mexico Highlands University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=187897 IPEDS survey data.