by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Northern New Mexico College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Northern New Mexico College, 4% of incoming undergraduates borrow in year one, for an average of $3,670 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $3,670, representing 66.7% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Northern New Mexico College, 5% use federal student loans to help pay for their education, at an average of $6,845 per year. It comes to 86.5% above the $3,670 typical freshmen borrow.
At a steady annual pace, that totals around $13,690 over two years and about $27,380 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 5% |
| Average federal loan per year | $6,845 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $308,010 |
The median student at Northern New Mexico College borrows $6,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $6,000 |
| Students who withdrew | $6,583 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for 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 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Northern New Mexico College.
These figures turn the debt totals into a monthly repayment picture for Northern New Mexico College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Northern New Mexico College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 89 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,375 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $7,200 |
Federal data publishes the following gap measures for Northern New Mexico College.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.