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The New Mexico Educational Assistance Foundation (NMEAF) is a private non-profit 501(c)(3) organization established by the New Mexico State Legislature in 1981.

We believe post-secondary education, be it a technical certification or academic degree, is the single most important investment a person can make. We actively promote higher education throughout all of New Mexico’s diverse school districts and provide resources for financial planning to fund higher education. We facilitate community outreach programs and events to help New Mexico’s low-income, first-generation, and other disadvantaged groups. Learn more about how we help NM

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We help New Mexico students plan, prepare, and pay for college

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340,000+ Student Loan Borrowers Serviced

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$2.9+ Billion in Student Loans

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$60+ Million in savings through our benefit programs

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$8.5+ Million in savings through NMEAF Loan Forgiveness programs

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$891,000+ Scholarships & Endowments Awarded

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$1+ Million NMEAF Private Student Loans

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Community outreach to 208,000+ NM Students with 1,400+ events since 2011

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We provide private student loans, loan refinancing, and service a variety of student loan programs. We sponsor several borrower benefits programs that decrease interest rates which have saved our borrowers millions.

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New Mexico Student Loans (NMSL)

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This is a partnership with New Mexico's public colleges and universities and produces events promoting higher education at New Mexico high schools and provides scholarships to NM high school seniors attending a college in NM.

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New Mexico Education Council (NMEC)

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Learn More

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We produce various programs and events assisting New Mexico's students and families save, plan, prepare, and pay for post-secondary education through our collaborative with other statewide non-profits with College Connect NM.

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College Connect NM - Community Outreach

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NMEAF operates these primary programs:

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Our Mission

Promote the public welfare and prosperity of the people of New Mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity. (New Mexico Legislature New Mexico Code – Article 21A, Educational Assistance Act). We believe the future welfare and prosperity of New Mexico depends on the level of education attainment of its citizens.

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Our Mission

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Our History

  • We were founded in 1981 by the New Mexico State Legislature to promote and support post-secondary education.
  • We manage the New Mexico Education Council and College Connect NM as a partnership with New Mexico’s public colleges and universities and 32 state-wide non-profit organizations to provide educational outreach events and services for FAFSA information, college applications, scholarships, and special events. 
  • We’ve serviced and collected federal student loans for over 35 years providing services to more than 340,000 borrowers with $2.9 Billion student loans. 
  • We provide debt collection service to the U.S. Department of Education’s Federal Family Education Loan Program (FFELP) Guarantee Agencies.
  • We operate a collection services business, Sage Resolutions, that provides account receivable management and debt collection services to private businesses, schools, government entities, and other organizations.
  • We consolidate and refinance federal student loans to help students save money with lower interest rates and get better services for their loan.

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Our History

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Our Expertise

  • We have a seasoned educational outreach team that works with New Mexico’s colleges and universities to promote post-secondary education. 
  • For more than 35 years we have successfully collected on federal student loans.
  • We specialize in debt collection communication services.
  • We understand the unique life situation of the student borrower and have specialized methods to prevent loan delinquency and default. 
  • We have an experienced collections team with average tenure of 20+ years.
  • We utilize the latest technology, tools, and communication methods including: customer call center, skip-tracing, emails, postal mail, text-messaging, collateral and websites.
  • Our facilities, team, and systems adhere to the highest security standards with safeguarding personal information of our clients and borrowers.

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Our Expertise

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Our Funding

NMEAF does not receive state tax appropriations or other state support. We pay for our operations and programs from revenue created from our lending, servicing, and program administration activities. All revenue received above operating expenses is used to promote our public service mission.

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Our Funding

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Annual Reports & Financial Statements

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Other Programs

Debt Collection Services by Sage Resolutions

If you are a non-profit organization, government agency, or private business and need debt collection services, we provide a unique service combining financial literacy education with professional, 3rd party debt collection. See sageresolutions.org for more information or email info@SageResolutions.org or call 505.761.2353.

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Other Programs

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We help New Mexico students plan, prepare, and pay for college

The New Mexico Educational Assistance Foundation (NMEAF) is a private non-profit 501(c)(3) organization established by the New Mexico State Legislature in 1981.

We believe post-secondary education, be it a technical certification or academic degree, is the single most important investment a person can make. We actively promote higher education throughout all of New Mexico’s diverse school districts and provide resources for financial planning to fund higher education. We facilitate community outreach programs and events to help New Mexico’s low-income, first-generation, and other disadvantaged groups. Learn more about how we help NM
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Icon of Call Center Employees
340,000+ Student Loan Borrowers Serviced
340,000+ Student Loan Borrowers Serviced
Icon dollar money stack wrap

$2.9+ Billion in Student Loans

$2.9+ Billion in Student Loans

Hand with Coins Icon

$60+ Million in savings through our benefit programs

$60+ Million in savings through our benefit programs

Piggy Bank with Money Icon

$8.5+ Million in savings through NMEAF Loan Forgiveness programs

$8.5+ Million in savings through NMEAF Loan Forgiveness programs

Hands with Dollar Icon

$891,000+ Scholarships & Endowments Awarded

$891,000+ Scholarships & Endowments Awarded

Grads with Hats Icon

$1+ Million NMEAF Private Student Loans

$1+ Million NMEAF Private Student Loans

Person with Speech bubble and graduation cap icon

Community outreach to 208,000+ NM Students with 1,400+ events since 2011

Community outreach to 208,000+ NM Students with 1,400+ events since 2011

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NMEAF operates these primary programs:

1
1

New Mexico Student Loans (NMSL)

New Mexico Student Loans (NMSL)

We provide private student loans, loan refinancing, and service a variety of student loan programs. We sponsor several borrower benefits programs that decrease interest rates which have saved our borrowers millions.

Learn More
2
2

New Mexico Education Council (NMEC)

New Mexico Education Council (NMEC)

This is a partnership with New Mexico's public colleges and universities and produces events promoting higher education at New Mexico high schools and provides scholarships to NM high school seniors attending a college in NM.

Learn More
3
3

College Connect NM - Community Outreach

College Connect NM - Community Outreach

We produce various programs and events assisting New Mexico's students and families save, plan, prepare, and pay for post-secondary education through our collaborative with other statewide non-profits with College Connect NM.

Learn More
Style F

Our Mission

Our Mission

Promote the public welfare and prosperity of the people of New Mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity. (New Mexico Legislature New Mexico Code – Article 21A, Educational Assistance Act). We believe the future welfare and prosperity of New Mexico depends on the level of education attainment of its citizens.

Our History

Our History

  • We were founded in 1981 by the New Mexico State Legislature to promote and support post-secondary education.
  • We manage the New Mexico Education Council and College Connect NM as a partnership with New Mexico’s public colleges and universities and 32 state-wide non-profit organizations to provide educational outreach events and services for FAFSA information, college applications, scholarships, and special events. 
  • We’ve serviced and collected federal student loans for over 35 years providing services to more than 340,000 borrowers with $2.9 Billion student loans. 
  • We provide debt collection service to the U.S. Department of Education’s Federal Family Education Loan Program (FFELP) Guarantee Agencies.
  • We operate a collection services business, Sage Resolutions, that provides account receivable management and debt collection services to private businesses, schools, government entities, and other organizations.
  • We consolidate and refinance federal student loans to help students save money with lower interest rates and get better services for their loan.

Our Expertise

Our Expertise

  • We have a seasoned educational outreach team that works with New Mexico’s colleges and universities to promote post-secondary education. 
  • For more than 35 years we have successfully collected on federal student loans.
  • We specialize in debt collection communication services.
  • We understand the unique life situation of the student borrower and have specialized methods to prevent loan delinquency and default. 
  • We have an experienced collections team with average tenure of 20+ years.
  • We utilize the latest technology, tools, and communication methods including: customer call center, skip-tracing, emails, postal mail, text-messaging, collateral and websites.
  • Our facilities, team, and systems adhere to the highest security standards with safeguarding personal information of our clients and borrowers.

Our Funding

Our Funding

NMEAF does not receive state tax appropriations or other state support. We pay for our operations and programs from revenue created from our lending, servicing, and program administration activities. All revenue received above operating expenses is used to promote our public service mission.

Annual Reports & Financial Statements

Other Programs

Other Programs

Debt Collection Services by Sage Resolutions

If you are a non-profit organization, government agency, or private business and need debt collection services, we provide a unique service combining financial literacy education with professional, 3rd party debt collection. See sageresolutions.org for more information or email info@SageResolutions.org or call 505.761.2353.