Allied Health Loan-For-Service
Applications will be
available in May 2009!
Purpose
The purpose of the
Allied Health Loan-for-Service is to increase the number if physician
assistants in areas of the state which have experienced shortages of health practitioners,
by making educational loans to students seeking certification/licensers in an eligible health field.
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Physical therapy
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Respiratory Care
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Occupational
therapy
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Laboratory
Technology
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Speech-language
pathology
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Mental Health
Services
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Audiology
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Emergency Medical
Services
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Pharmacy
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Nutrition
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As a condition of each loan, the student shall declare his/her intent to
practice as a health professional in a designated
shortage area.
For every year of service, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100%
of the loan is eligible for forgiveness.
Penalties may be assessed if the service agreement is not satisfied.
How much is the award?
- The award is based on the financial
need of the student
- The award may not exceed $12,000 per
year
- Award may be renewable for up to four
years if application is submitted each year
What are the eligible requirements?
- New Mexico residents
- Attend a public, post-secondary
institution in New Mexico
- Undergraduate or graduate
- Enroll at least half-time
- Demonstrate financial need
How do I apply?
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Step 1
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Complete the Free
Application for Federal Student Aid (FAFSA)
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Step 2
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Complete the Loan-for-Service
Application
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Step 3
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Request school
certification
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Step 4
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Send complete
application to New Mexico Higher Education Department
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When is the deadline?
Applications must
be postmarked by July 1. Mail complete
application to:
New Mexico Higher Education
Department
Attn: Financial Aid Division
1068 Cerrillos Road
Santa Fe, NM 87505
