by our College Data Analytics TeamThis page focuses on the debt students take on to attend Pima Medical Institute-Albuquerque, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At PMI Albuquerque, 78% of new students use loans toward freshman-year expenses, with a typical loan of $9,383 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $8,375. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at PMI Albuquerque, 60% take out federal student loans, borrowing on average $9,459 per year. That amounts to 12.9% more than the freshman federal average of $8,375.
At a steady annual pace, that totals around $18,918 by year two and around $37,836 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $9,459 |
| Undergraduates with a federal loan | 662 |
| Total federal loans (one year) | $6,261,967 |
The middle borrower at PMI Albuquerque owes $5,250 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,250 |
| Students who completed (graduates) | $5,500 |
| Students who withdrew | $3,455 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at PMI Albuquerque.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,208 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at PMI Albuquerque.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at PMI Albuquerque.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 262 | $5,741 |
| Completed (graduates) | 168 | $5,905 |
| Did not complete | 94 | $5,425 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $70.22/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at PMI Albuquerque.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 246 | — |
| No Stafford loan | 16 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 64 | $5,878 |
| No Stafford loan this year | 198 | $5,694 |
These figures turn the debt totals into a monthly repayment picture for PMI Albuquerque.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for PMI Albuquerque is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.7% |
| Borrowers in the cohort | 25 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,788 |
| Middle income | $5,348 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,750 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,457 |
| Independent students | $5,083 |
Federal data publishes the following gap measures for PMI Albuquerque.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.