New Mexico Educational Assistance Foundation (NMEAF)
Provider of New Mexico Student Loans
Education is the most important investment in your future.
When it comes to how to pay for college, we’re here to help students and families make smart financial decisions. There are a variety of avenues to research when determining the best way to pay for college. Most students and families use a several different sources to finance higher education. Here’s our best advice on how to approach the different ways to pay for college:
Roadmap Steps to Success – Best Ways to Pay for College:
- Apply for Federal Student Loans with the Free Application for Federal Student Aid (FAFSA)
The FAFSA is the #1 most important application for getting financial aid and the only way to get access to federal student loans and grants. Federal Student Loans have the lowest interest rates and the best repayment options. Many schools also use the FAFSA to award grants, scholarships and other financial aid. It’s important to submit the FAFSA as early as possible. Learn More
- Apply for Scholarships, Grants, Merit Aid, and Work-Study Programs
Scholarships and grants are the best way to get free money for college as students do not need to repay these types of free money for college. Many universities also offer work-study programs to help students finance college while working part-time. Learn More
- Apply for a Private Student Loan
Private student loans are a good option to pay for college but should only be perused after all other avenues for financial aid are explored. We offer a variety of fixed-rate private student loans to finance higher education.
For more than 35 years, we have been helping families plan and pay for college. We are the oldest New Mexico based non-profit organization issuing private student loans and have distinctive advantages over large national banks in issuing private student loans.