New Mexico Medical Loan for Service Program

Application Information

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Amount
Awarded

$12,500

Awarded

Application Deadline

July 1

Wednesday
Awarded By:

New Mexico Higher Education Department

Number of Awards & Eligibility: The number of awards offered varies annually based on available funding and the number of qualified applicants. In the 2012-2013 academic year, there were 22 awards disbursed.
In order to qualify, students must meet the following criteria:
  1. This award is for U.S. students.
  2. Must be a resident of New Mexico.
  3. Must be accepted into the University of New Mexico School of Medicine.
  4. Must be a U.S. citizen or permanent resident.
  5. Must declare his/her intent to practice as a health professional in a designated shortage area within the state of New Mexico. Designated shortage areas are as follows: community health centers; federally qualified health centers; homeless healthcare centers; Indian health service; migrant health centers; non-profit centers/clinics (501(c)3 IRS verification required); non-profit hospitals (501(c)3 IRS verification required); rural health clinics.
  6. Must enroll at least half time.

In order to qualify, students must meet the following criteria:

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Description: This award is for New Mexico residents who are seeking degrees in health profession programs. The student must be accepted to the University of New Mexico School of Medicine and must declare intent to practice as a health professional in a designated shortage area in New Mexico.

Application requirements for the New Mexico Medical Loan for Service Program are:

  • Application form
  • Essay
  • Recommendation letters (2)
  • Official Transcript
  • Acceptance letter
  • Copy of driver's license
Additional Information: The purpose of the New Mexico Health Professions Student Loan-for-Service Program is to increase the number of professionals in areas of the state that have experienced shortages by making educational loans to students seeking degrees in the health field. Please note: Each student must complete the FAFSA (Free Application for Federal Student Aid) in order to determine eligibility for this program. The FAFSA is available online at www.fafsa.ed.gov. As a condition of each loan, the student shall declare his/her intent to practice in a chosen health field in a designated shortage area in New Mexico. For every year of service, a portion of the student's loan will be forgiven. If the entire service agreement is fulfilled, 100 percent of the loan is eligible for forgiveness. Penalties may be assessed if the service agreement is not satisfied. The Health Professional Advisory Committee will screen applications and rank individuals based on the applicant's academic eligibility, ability to describe the need for the program, and intent to work in a designated shortage area as approved by the New Mexico Higher Education Department. Students will receive award or denial notification via U.S. mail.

Award Amount: Financial Aid Coordinators make award amount recommendations based on the student's financial need for the academic year; however, the amount of the award may not exceed $25,000 per academic year. The final award amount is determined by the New Mexico Higher Education Department based on available funding and the total number of eligible applicants. Funds are sent in two disbursements directly to the higher education institution at which the eligible student is enrolled. Students must apply for renewal awards each year in which funding is desired.  The total dollars awarded for this scholarship is $12,500.

Deadline Information:

Deadline for this scholarship is Wednesday, July 1

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Deadline Information:

Deadline for this scholarship is Wednesday, July 1

Applications are available on the New Mexico Higher Education (NMHED) website. One section of the application must be completed by the financial aid officer at the student's school. In addition, the student must list two references with separate contact information who can verify the student's most current address and/or phone number. In addition to the completed application, the student must submit the following materials: a typed essay of 400-500 words describing why he/she wants to enter his/her chosen field and obligate himself/herself to a designated shortage area in New Mexico through this program; two letters of recommendation from employers, educators, mentors, colleagues, or other professional references; a letter of acceptance into the health professional program in which he/she is enrolled; official academic transcripts and proof of enrollment; and a copy of his/her driver's license. Application materials must be submitted in the order listed on the application and must comply with all instructions on the application. The completed application and all supporting materials must be mailed to the address provided and must be received by 4:00 p.m. on the deadline date.
Contact: Karen Kennedy
Address: Financial Aid Division 2048 Galisteo St. Santa Fe, New Mexico 87505
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