New Mexico Teachers’ Loan-For-Service

Award Amount

$20,000

Application deadline

July 01

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Application Information

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Amount
Awarded

$20,000

Awarded

Application Deadline

July 1

Friday
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: This award is for New Mexico residents who are enrolled at a public postsecondary institution in New Mexico. The student must be accepted into a teaching program or an alternative licensure teacher preparation program and must declare his/her intent to practice as a teacher in the New Mexico public school system.

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 Friday, July 1, 2022

Deadline Information:

Deadline for this scholarship is Friday, July 1, 2022

To apply, students must complete the New Mexico Medical Student Loan-for-Service application and complete a Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.ed.gov, at high school guidance offices, and at college financial aid offices. Submit the complete application packet to the New Mexico Higher Education Department. Current program recipients will need to apply each year for funding.
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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