Tuition for in-state students at the University of New Mexico-Taos Campus increased by 7.1% during the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Residents of New Mexico paid $2,004 to attend the two-year public college this year, which is $132 higher than the $1,872 charged in the 2021-22 academic year.
Non-resident students were charged 153.4% more than in-state students in 2022-23, paying $5,078. This reflects a 6.9% increase from the $4,752 fee in the previous school year.
Approximately 88% of the undergraduate student body at the university are New Mexico residents, while about 4% come from other states.
Data indicates that every full-time undergraduate who enrolled at the University of New Mexico-Taos Campus in 2022-23 received some form of financial aid. A total of 44 students were awarded grants or scholarships amounting to $320,812.
Across all undergraduate students, 240 received grants or scholarships totaling $1.6 million. Additionally, 29 students borrowed $130,183 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 | 34 | 77% | $201,248 | $5,919 |
| State / local grant or scholarship | 40 | 91% | $71,799 | $1,795 |
| Institutional grants or scholarships | 18 | 41% | $47,765 | $2,654 |
| Grant or scholarship aid total | 44 | 100% | $320,812 | $7,291 |
| Federal student loans | 0 | 2% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 2% | $0 | $0 |
| Total student aid | 44 | 100% | $320,812 | $7,291 |
