University of the Southwest

University of the Southwest is a private school located in Hobbs, NM

Average Annual Tuition at University of the Southwest

The latest data we have for University of the Southwest's annual average net costs are from 2018. These costs and and the average New Mexico schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.

In-state Tuition Out-of-state Tuition Median Debt Avgerate Net Cost
University of the Southwest $16,200 $16,200 $23,250 $16,748
NM Average $24,273 $24,273 $23,834 $22,261

As you can see, annual costs at University of the Southwest have risen over the last few years, and are projected to continue to skyrocket based on our analysis.

Actual Costs      Projected Costs

Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.

These rising costs are hitting closer to home in New Mexico as well. New Mexico's' higher education costs rose by 38.7% in just the last 10 years, ranking as the 23rd highest state.

University of the Southwest Financial Assistance

54% of students enrolled at University of the Southwest receive some form of Federal loan assistance. You can view University of the Southwest's student aid calculator here.

Use a 529 Plan to Offset Rising Education Costs

One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.

Ascensus College Savings manages New Mexico’s direct-sold and advisor-sold 529 college savings programs. Both 529 plans use funds from several fund families. New Mexico’s prepaid tuition plan was terminated in 2004.

State Plan Name:The Education Plan
Minimum Contribution:$25
Maximum Contribution:up to $500,000 per beneficiary across accounts
Fees:0.15% to 0.51% asset management fee, depending on plan

New Mexico School Statistics

New Mexico

We've analyzed all other higher education schools in NM, and wrapped it up nicely into a report for you. View our NM analysis report.

There are 10 other accredited private schools located in the state of New Mexico. You can view all NM schools here.