Interest Rates

Fixed Rates:

Fixed Rates
Repayment Type Current Interest Rate (Fixed)
Payment of Principal And Interest
5.48%
Payment of Interest
6.23%
Deferral of Principal And Interest
6.98%

The New Mexico Student Loans offers incentives for graduation and for successful, on-time repayment. By earning these incentives, interest rates could be lowered as follows:

Fixed Rates
Repayment Type Current Interest Rate (Fixed)
Payment of Principal And Interest
5.23%
Payment of Interest
5.73%
Deferral of Principal And Interest
6.23%