The University of New Mexico-Valencia County Campus did not increase in-state tuition fees for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Residents of New Mexico paid $1,878 to attend the two-year public college in both the 2021-22 and 2022-23 academic years.
Non-resident students faced tuition costs that were 173.2% higher than those for residents, amounting to $5,130 in the 2022-23 school year. This rate remained unchanged from the previous year.
Approximately 92% of the undergraduate student body are New Mexico residents. Students from other states account for about 2%, with another 2% being international students.
Data indicates that 99% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 90 students were awarded grants or scholarships amounting to $532,338.
Across all undergraduates, 391 students utilized grants or scholarships totaling $2.2 million. Additionally, 28 students borrowed $152,975 in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 52 | 57% | $303,855 | $5,843 |
| State / local grant or scholarship | 86 | 95% | $174,736 | $2,032 |
| Institutional grants or scholarships | 45 | 49% | $53,747 | $1,194 |
| Grant or scholarship aid total | 90 | 99% | $532,338 | $5,915 |
| Federal student loans | 0 | 1% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 1% | $0 | $0 |
| Total student aid | 90 | 99% | $532,338 | $5,914 |
