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


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

NMEAF Building with hot air balloon overhead

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 and our New Mexico educational assistance foundation programs.

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 opportunities. (New Mexico Legislature New Mexico Code – Article 21A, Educational Assistance Act). We believe the future welfare and prosperity of New Mexico depend on the level of education attainment of its citizens.

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.

Our History
  • We were founded in 1981 by the New Mexico State Legislature to promote and support post-secondary education.
  • College Connect NM is 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 services to the U.S. Department of Education’s Federal Family Education Loan Program (FFELP) Guarantee Agencies.
  • We operate a collection services business, 180 Resolutions, that provides account receivable management and debt collection services to private businesses, schools, government entities, and other organizations.
Our Expertise
  • We have a seasoned educational outreach team that works with New Mexico’s colleges and universities to promote post-secondary education. 
  • Since 1981, we have successfully collected 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 an average tenure of 9+ years.
  • We utilize the latest technology, tools, and communication methods, including customer call centers, skip-tracing, emails, postal mail, text messaging, collateral, and websites.
  • Our facilities, team, and systems adhere to the highest security standards with safeguarding the personal information of our clients and borrowers.

Details About NMEAF

How We Help New Mexico

Since 1981, NMEAF’s loan programs and services, borrower benefit programs, and educational outreach programs are helping build a better future for New Mexicans.

Our Board and Leadership

The New Mexico Educational Assistance Foundation is led by a seasoned team of experts in their fields who are passionate about serving New Mexico’s students and families.

Investor Information

NM Educational Assistance Foundation sometimes issues bonds, the proceeds of which are used to originate or acquire student loans and to pay certain costs of issuance.

Reports & Other Programs

Annual Reports

Download these reports in PDF format

    Other Programs

    Debt Collection Services by 180 Resolutions

    If you are a higher education institution in need of debt collection services, we provide a unique service combining financial literacy education with professional, 3rd party debt collection. See 180Resolutions.com for more information.

    Debt Collection Services by CRI

    In 2019, NMEAF acquired a third-party collections comany named Collection Resources Inc.  CRI is based in New Mexico and specializes in healthcare and medical debt collections. For additional information, please see collection-resources.com