Is New Mexico Military Institute worth it?

Roswell, NM · public

Verdict

Typical students pay $4,571 a year after aid, graduate with $5,500 in federal debt, and earn $43,034 six years after enrolling — an estimated monthly loan payment of $59, with a debt break-even of about 1.3 years.

Net price / year

$4,571

Admission rate

53%

Graduation rate

—

Median debt

$5,500

Earnings (6 yr)

$43,034

Earnings (10 yr)

$57,410

Est. monthly loan payment

$59

Loan-to-income ratio

13%

Debt break-even

1.3 years

How New Mexico Military Institute compares

MetricNew Mexico Military InstituteNew MexicoNational
Net price$4,571$11,338$16,642
Median debt$5,500$10,382$12,377
Earnings (6 yr)$43,034$28,426$33,037
Graduation rate———

FAQ

How much does it cost to attend New Mexico Military Institute?

The federal average net price after grants and scholarships is $4,571 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.

How much debt do New Mexico Military Institute graduates typically carry?

Students who complete a program at New Mexico Military Institute leave with a median federal debt of $5,500, based on the U.S. Department of Education's College Scorecard.

What do New Mexico Military Institute graduates earn?

Six years after enrolling, former students report median earnings of $43,034, drawn from federal tax records aggregated by the College Scorecard.

What is the graduation rate at New Mexico Military Institute?

Graduation rate data is not currently published for this school.

Is New Mexico Military Institute worth the debt?

Based on median debt and 6-year earnings, it would take roughly 1.3 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.

Source: U.S. Department of Education College Scorecard.