Degree Dividend
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New Mexico Junior College vs Carrington College-Albuquerque: which has better ROI?

Public, Hobbs NM · vs · Private for-profit, Albuquerque NM

The verdict

Neither clears its cost on institution-wide earnings, but New Mexico Junior College comes closer — median earnings $34,233 against a $13,048 total, vs $36,718 at Carrington College-Albuquerque. (Scorecard, 2026 · our math.)

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Head to head
MeasureNew Mexico Junior CollegeCarrington College-Albuquerque
Net price / yr$6,524$49,030
Total net cost$13,048$196,120
Median earnings, 10 yrs$34,233$36,718
Median debt$11,313$9,500
Payback
20-year net return-$295,588-$428,960

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, New Mexico Junior College or Carrington College-Albuquerque?

New Mexico Junior College, at $6,524 a year after aid versus $49,030 — a gap of $42,506 a year, or $183,072 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do New Mexico Junior College or Carrington College-Albuquerque graduates earn more?

Carrington College-Albuquerque graduates report a median $36,718 ten years after entry, $2,485 more than the $34,233 at New Mexico Junior College. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, New Mexico Junior College or Carrington College-Albuquerque?

Carrington College-Albuquerque: its completers carry a median $9,500 in federal loans versus $11,313 at New Mexico Junior College, a difference of $1,813. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

65% of students finish at Carrington College-Albuquerque, against 58% at New Mexico Junior College. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

New Mexico Junior College vs Carrington College-Albuquerque: frequently asked questions

Is New Mexico Junior College or Carrington College-Albuquerque a better value?
New Mexico Junior College comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, New Mexico Junior College or Carrington College-Albuquerque?
New Mexico Junior College: $6,524/yr net price after aid versus $49,030/yr at Carrington College-Albuquerque — a difference of $42,506 a year, or about $183,072 over four years.
Do New Mexico Junior College or Carrington College-Albuquerque graduates earn more?
Carrington College-Albuquerque graduates earn a median $36,718 ten years after entry, versus $34,233 at New Mexico Junior College — a $2,485 gap. This blends every major, so a specific field can flip it.