New Mexico Teachers’ Loan-For-Service

Award Amount

$20,000

Application deadline

July 01, 2023

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Awarded By:

New Mexico Higher Education Department

Number of Awards & Eligibility: Varies, approximately 30 awards disbursed annually.
In order to qualify, students must meet the following criteria:
  1. Must be a U.S. citizen or eligible non-citizen.
  2. Must be a resident of New Mexico.
  3. Must be enrolled at least half time.
  4. Must be accepted into a teaching program or an alternative licensure teacher preparation program.
  5. Must be a high school graduate or older.
  6. Must be enrolled at a public college or institution in New Mexico.
  7. Must demonstrate financial need.

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

Description: The purpose of the Teacher Loan-For-Service program is to proactively address New Mexico’s teacher shortage by providing students with the financial resources to complete or enhance their post-secondary teacher preparation education.

Application requirements for the New Mexico Teachers’ Loan-For-Service are:

  • FAFSA
  • Application form
  • Official Transcript
  • Acceptance letter
Additional Information: The Teacher Loan-for-Service Program is a state program, administered through the New Mexico Higher Education Department (NMHED), established to help increase the number of teachers in areas of the state that have experienced shortages by making educational loans to students seeking degrees/certification in the teacher education field. The award is based on the financial need of the student. The Teacher 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. Recipients of this award must agree to a service contract to provide one year of service for each academic year of funding. Failure to meet the obligation may result in severe principal and interest penalties.

Award Amount: The award is for a forgivable loan of up to $4,000 annually, renewable for four additional years providing the student re-applies each year.  The total dollars awarded for this scholarship is $20,000.

Deadline Information:

Deadline for this scholarship is Saturday, July 1, 2023

Deadline Information:

Deadline for this scholarship is Saturday, July 1, 2023

All applications and supporting materials must be submitted by the listed deadline. No incomplete/late submissions will be accepted.
About New Mexico Higher Education Department:
Contact Information: Karen Kennedy, Financial Aid Director
Address: 2048 Galisteo St. Santa Fe, New Mexico 87505
Email: [email protected]
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