New Mexico Colleges Tuition Trends Over The Current Decade (The 2010s)

There are 51 colleges in New Mexico State - 28 public and 23 private schools. The average tuition & fees of public schools are $3,222 for New Mexico residents and $7,388 for others in 2017. It increase 5.97% from last year and 30.69% from 2010 cumulatively. For private schools, the average tuition & fees are $20,934 which are increased 5.65% from last year and 4.46% from 2010 cumulatively.

Tuition & Fees Trends of New Mexico Colleges from 2010 to 2017

Next table and charts illustrates the tuition changes from 2010 to 2017 for New Mexico colleges and universities. The costs officially published by IPEDS, U.S. Department of Education and due to the data availability, the avarage amount mainly based on 2-4 years and 4 years colleges and universities.

Undergraduate (Public) Undergraduate (Private) Graduate (Public) Graduate (Private)

For New Mexico public schools, the 2017 undergraduate in-state tuition & fees are $3,222 which has increased by 41.61% over the current decade and the out-of-state cost is $7,388 which has risen by 30.69%. In average, the rate of increase in tuition is 4.38% while last year increase rate was 5.97%.

Table. Undergraduate Tuition Trends (Public Schools) From 2010 to 2017 for New Mexico Colleges

	2010-2011	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017
In-State Costs	$2,275	$2,475	$2,572	$2,755	$2,872	$2,993	$3,222
Year-to-Year Rates	0.00%	8.77%	3.93%	7.10%	4.27%	4.19%	7.66%
Cumulative Rates	0.00%	8.77%	13.05%	21.07%	26.24%	31.53%	41.61%
Out-of-State Costs	$5,653	$6,254	$6,471	$6,629	$6,776	$6,972	$7,388
Year-to-Year Rates	0.00%	10.64%	3.47%	2.45%	2.22%	2.88%	5.97%
Cumulative Rates	0.00%	10.64%	14.47%	17.27%	19.88%	23.33%	30.69%

For private schools in New Mexico state, the 2017 undergraduate tuition & fees are $20,934 which has increased by 4.46% over the current decade. In average, the rate of increase in tuition is 0.64% while last year increase rate was 5.65%.

Table. Undergraduate Tuition Trends (Private Schools) From 2010 to 2017 for New Mexico Colleges

	2010-2011	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017
Tuition & Fees	$20,040	$20,216	$20,308	$21,119	$20,039	$19,814	$20,934
Year-to-Year Rates	0.00%	0.88%	0.45%	4.00%	-5.12%	-1.12%	5.65%
Cumulative Rates	0.00%	0.88%	1.33%	5.38%	-0.01%	-1.13%	4.46%

The average graduate school tuition & fees of New Mexico public schools are $6,381 which has increased by 37.21% over the current decade and the out-of-state graduate cost is $12,509 which has risen by 4.67%. In average, the rate of increase in graduate tuition is 0.67% while last year increase rate was 7.95%.

Table. Graduate Tuition Trends (Public Schools) From 2010 to 2017 for New Mexico Colleges

	2010-2011	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017
In-State Costs	$4,650	$4,922	$5,135	$5,637	$5,377	$5,641	$6,381
Year-to-Year Rates	0.00%	5.85%	4.33%	9.78%	-4.62%	4.91%	13.12%
Cumulative Rates	0.00%	5.85%	10.43%	21.23%	15.62%	21.30%	37.21%
Out-of-State Costs	$11,951	$12,674	$14,021	$12,004	$11,315	$11,588	$12,509
Year-to-Year Rates	0.00%	6.05%	10.63%	-14.38%	-5.74%	2.41%	7.95%
Cumulative Rates	0.00%	6.05%	17.32%	0.45%	-5.32%	-3.04%	4.67%

For private graduate schools in New Mexico state, the 2017 tuition & fees are $18,366 which has increased by 33.77% over the current decade. In average, the rate of increase in graduate tuition is 4.82372% while last year increase rate was 5.37%.

Table. Graduate Tuition Trends (Private Schools) From 2010 to 2017 for New Mexico Colleges

	2010-2011	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017
Tuition & Fees	$13,730	$16,076	$15,365	$16,304	$17,768	$17,429	$18,366
Year-to-Year Rates	0.00%	17.09%	-4.42%	6.11%	8.98%	-1.91%	5.37%
Cumulative Rates	0.00%	17.09%	11.91%	18.75%	29.41%	26.95%	33.77%

You can check the changes of other college costs including room & board costs, book & supplies, and other living expenses at New Mexico college cost trends.