by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Northern New Mexico College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial assistance options will Northern New Mexico College offer, and what will you qualify for? Read on for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Northern New Mexico College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
At Northern New Mexico College, 75% of entering full-time freshmen got some type of financial assistance approximately 81 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 75% | $10,229 |
| Institutional grants & scholarships | 14% | $2,333 |
| Federal Pell grants | 49% | $5,928 |
| State/local grants | 70% | $6,201 |
| Federal student loans | 4% | $3,670 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, about 58% of the undergraduate population received grant aid that averaged $7,948 (covering around 768 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 58% | $7,948 |
| Federal Pell grants | 32% | $5,132 |
| Federal student loans | 3% | $6,845 |
On-campus students receiving title-IV aid were awarded grants averaging $12,426.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,850 |
| $30,001 – $75,000 | $5,489 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,276 |
| Off-campus title-IV students | $5,216 |
For a personalized estimate based on your family’s financial situation, use Northern New Mexico College’s official net price calculator: nnmc.edu/paying-for-college/net-price-calculator.html.
The median federal debt load at Northern New Mexico College comes to $6,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,500 |
| Median federal debt (graduates only) | $6,000 |
| Typical 10-year monthly payment (graduates) | $63.61/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at Northern New Mexico College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,313 |
| 25th percentile | $2,250 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $21,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,375 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $7,200 |
The figure below distills the debt data into a single burden category for Northern New Mexico College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Northern New Mexico College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1063 |
| Total Stafford loan amount | $9,265,097 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $13,227 |
| Average GI Bill amount per recipient | $2,205 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.