New Mexico
Military Institute
Public Community College in Roswell, NM. Six-year graduation rate 44%. Median 10-year earnings $57,410.
Ten years after entry, the median New Mexico Military Institute student earns $57,410 — a solidly middle-of-the-pack result for an undergraduate institution. Six-year completion sits at 44%, near the national average for undergraduate institutions. Median debt at graduation is $5,500, a light load against those earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.10 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
- ! Mobility score 0.0 — limited economic uplift documented
Admissions
Selectivity is real here: only 53% of applicants are offered a place. Only 500 students applied, so treat these rates as directional — small pools swing sharply between cycles. Yield is high — 68% of admitted students go on to enroll, well above the typical rate.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | — | — |
| SAT Math | — | |
| ACT Composite | — | — |
IPEDS Admissions · 2024
Apply at New Mexico Military Institute →Academics
44% graduate within six years — average, but that average still hides a large group who do not. Just 50% of first-years come back — most of the completion gap opens in year one. A 28% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. A 13:1 ratio points to small classes and accessible faculty. As a public community college, the relevant comparison is other two-year schools rather than the national average across all institutions.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 342 degree- or certificate-seeking undergraduates
At $7,127 a year on average after grant aid, cost is low here relative to most undergraduate institutions. Net price varies modestly by income — $2,772 at $0–30k against $10,106 at $110k+ — so the average is a fair guide for most families. Most students get help: 95% receive grants worth $11,881 on average. 6% borrow federally — a low rate, though it covers federal loans only.
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 · 179 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 | $2,772 |
| $30–48k | $4,062 |
| $48–75k | $5,935 |
| $75–110k | $4,210 |
| $110k+ | $10,106 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 20 of these 342 students, totalling $70,001 — an average of $3,500 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Chaves County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)