Carrington College-Albuquerque
For-profit College in Albuquerque, NM. Six-year graduation rate 65%. Median 10-year earnings $36,718.
Ten-year median earnings of $36,718 are on the low side, which raises the bar for what this degree needs to cost. Completion is a strength: 65% of students finish within six years. Borrowing stays contained, with median debt at graduation of $9,500.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.26 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
A 65% six-year graduation rate is the strongest academic signal on this page. Retention is strong at 84%, and first-year attrition is where most degrees are lost. Retention and graduation track closely, so most of the attrition shows up in the first year rather than after it. The 15:1 student-faculty ratio is small enough that seminar-sized classes are the norm. Being a for-profit two-year institution is the single most useful context for these numbers — the sector's spread is wide enough that the school-level figures matter more than usual.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 522 degree- or certificate-seeking undergraduates
Net price averages $49,030 annually, so cost is the first thing to weigh here. The gap between the $0–30k and $48–75k bands is narrow ($50,554 versus $46,239), meaning aid is not strongly need-weighted. Grant aid reaches 65% of students at an average of $5,156. Most students borrow — 69% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 134 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $50,554 |
| $30–48k | $48,517 |
| $48–75k | $46,239 |
| $75–110k | — |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 362 of these 522 students, totalling $2,635,132 — an average of $7,279 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Bernalillo County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026