Teacher Loan-For-Service
Applications will be
available in May 2009!
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The purpose of the Teacher Loan-for-Service 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.
Where
do I provide service?
As a condition of each loan, the student shall declare his/her intent
to practice as a teacher in the New
Mexico public school system.
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.
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How much is the
award?
- The award is
based on the financial need of the student
- The award may
not exceed $4,000 per year
- Award may be
renewable for up to five years if application is submitted each year
What are the
eligibility requirements?
- New Mexico
residents
- Be accepted
into Teaching program or an alternative licensure teacher preparation
program at a public college or university
- Enroll at
least half-time
- Undergraduate
or graduate
- 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 Teacher
Loan-for-Service Application(pdf)
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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
Teacher Loans, Cancellation & Deferments
If you are a teacher currently serving in a low-income or subject matter
shortage area, or are thinking about financing a teaching education, please
visit the links below for more information.
Teachers for
Tomorrow
Teaching Service
Cancellation/Deferment Options
