New Mexico

Average student debt in New Mexico — 3 colleges, and what their graduates earn

Every New Mexico university with published federal figures, ordered by how fast the debt clears. The typical graded US university clears its debt in 1.3 years on median earnings of $57,146 against $22,500 of debt.

#UniversityGradeYou borrowMonthlyYou earnDebt clears in
1 New Mexico Institute of Mining & Technology New Mexico A $19,085 $217 $76,489 0.5 yrs
2 New Mexico Highlands University New Mexico D $11,399 $130 $45,937 1.8 yrs
3 University of New Mexico New Mexico F $18,450 $210 $44,792 3.5 yrs

In-state tuition is the lever that moves this most

The debt column is shaped far more by residency and institutional aid than by anything else. If you are applying from another state or another country, the figures here understate what you would borrow — check the university's own net price for your situation.

Read the salary next to the debt, never alone

Two universities in this state with identical graduate salaries can be two grades apart, because one leaves students owing twice as much. The payback column is the one that combines both.

Questions

Which university in New Mexico pays back fastest?
New Mexico Institute of Mining & Technology — $76,489 median earnings against $19,085 of debt, clearing in about 0.5 years.
How much do US students typically borrow?
Across the 810 universities we grade, median debt at graduation is $22,500 — about $256 a month on the standard ten-year federal plan.
Can scholarships change these numbers?
Directly. Every award comes off the borrowing before you ever repay it, which shortens the payback on each university page. Each page lists the scholarships we hold for that institution.
All payback rankings Fastest payback Lowest debt Highest earnings Scholarships that cut the debt How we calculate this

Source: US Department of Education College Scorecard. Figures cover students who received federal financial aid and blend every subject at each institution. Information only, not financial advice.