Deferment Eligibility

Once you leave the lending institution, you may be eligible for periods of deferment, during which interest does not accrue and repayment of principal is not required.

TO APPLY: You must file a complete Request for Deferment form. After signing the form, have it certified by an appropriate official. Also, see the form for any additional documentation required. Return the completed form and supporting documents to this office for processing.

For eligibility requirements see the deferment criteria below.

The following Deferment options only apply to Perkins Loans, see other Deferment Options for other federal loans.

  • Education
  • Medical
  • Financial Hardship
  • Public Service
  • Teacher
  • Intervention

Education

Borrowers may defer their loans if they are enrolled at least half time in a degree-granting program in a school of higher education. This deferment is unlimited and is provided for all NDSL/Perkins student loans. The deferment must be requested for each term of enrollment.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Half-time enrollment No limit No limit No limit No limit No limit

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Borrowers may defer their loan for enrollment in a graduate fellowship program that is approved by the Department of Education or engaged in a graduate or postgraduate fellowship-supported study outside the United States.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Graduate Fellowship Study No limit No limit* No limit* No limit* No limit*

*Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Borrowers who are enrolled in a course of study that is part of a certified rehabilitation training program for disabled individuals are eligible for deferment of both principal and interest. This deferment is unlimited. The rehabilitation agency must be licensed, approved, or certified by one of the following agencies:

  1. A State agency with responsibility for vocational rehabilitation programs;
  2. A State agency with responsibility for drug abuse treatment programs;
  3. A State agency with responsibility for mental health services programs;
  4. A State agency with responsibility for alcohol abuse treatment programs; or
  5. The Department of Veteran Affairs

The program must provide the borrower with rehabilitation services under a written plan that:

  1. Is individualized to meet the borrower's needs:
  2. Specifies the date on which the services began and when they are expected to end; and
  3. Is structured in a way that requires a substantial commitment by the borrower to his or her rehabilitation.
Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Rehabilitation Training No limit No limit* No limit* No limit* No limit*

*Benefits eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Medical

A borrower may qualify for 2 years of internship deferment if the following requirements are met:

  1. The borrower must have a bachelor's degree before being admitted to the program; and
  2. The program must be required by the state-licensing agency for certification for professional practice or service.
  3. The deferment request must state that the borrower has been accepted into the internship program and the anticipated date of completion.
Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Eligible Internship or residency program N/A 2 years 2 years N/A N/A

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Nurse/Medical Technician providing health services See Footnote *1 See Footnotes *1 and *2 See Footnotes *1 and *2 See Footnotes *1 and *2 See Footnotes *1 and *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefits eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Financial Hardship

Borrowers are eligible for 3 years of deferment if the borrower is unable to secure full time employment. The following documentation may be required:

  1. documentation of unemployment and
  2. documentation of attempts to secure employment.
Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Unemployment 3 years 3 years* 3 years* 3 years* 3 years*

*Benefits eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Financial Arrangement (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Financial Arrangement form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Borrowers are considered to have an economic hardship if:

  1. they are working full-time but earning an amount that does not exceed the greater of
    1. the federal minimum wage, or
    2. an amount equal to 100% of the poverty line for a family of two; or
  2. student loan debt is excessive in comparison to your income, as defined by Federal Regulations. To see if you qualify for this benefit, please contact your student loan representative.
Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Economic Hardship 3 years 3 years* 3 years* 3 years* 3 years*

*Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Financial Arrangement (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Financial Arrangement form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Public Service

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Law Enforcement/Corrections Officer See Footnote *1 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefits eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

For Federal Perkins Loans taken after 07/01/93, this deferment runs only during periods for which a borrower is requesting cancellation. For Federal Perkins Loans taken before 07/01/93, borrowers may request the deferment for up to three years during periods of full-time Peace Corps volunteer service. However, the borrower needs to serve one full year in the Peace Corps to be eligible for this benefit.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Peace Corps/ACTION Program Volunteer See Footnote *1 See Footnotes *1 and *2 See Footnotes *1 and *2 See Footnotes *1 and *2 See Footnotes *1 and *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefits eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
National Oceanic and Atmospheric Administration Corps N/A 3 years N/A N/A N/A

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

For Federal Perkins Loans awarded after 07/01/93, this deferment runs only during periods for which a borrower is requesting cancellation. For Federal Perkins and Direct Loans taken before 07/01/93, borrowers may request the deferment for up to three years for regular active duty in either the U.S. Army, Navy, Air Force, Marines, or Coast Guard, regardless of whether they are requesting cancellation for those years.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
U.S. Armed Services See Footnote * 3 years 3 years 3 years 3 years

*Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

100% cancellation over 5 years (15/15/20/20/30%) for a full time attorney employed in a defender organization established in accordance with USC Title 18, Sec. 3006A (g)(2). Employment first eligible on August 14, 2008.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Public Defender See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 8/14/2008.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

100% cancellation over 5 years (15/15/20/20/30%) for full time employment as a firefighter for service to a local, State, or Federal fire department or fire district.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Firefighter See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 8/14/2008.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Teacher

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Employment in Head Start Program See Footnote *1 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Deferment of Repayment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Deferment of Repayment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Teacher in designated low income school See Footnote *1 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Teacher of special education, including teachers of infants, toddlers, children, or youth with disabilities See Footnote *1 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Teacher of mathematics, science, foreign, languages, bilingual education or other field of expertise determined by state education agency to have a shortage of qualified teachers See Footnote *1 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Teacher of mathematics, science, foreign, languages, bilingual education or other field of expertise determined by state education agency to have a shortage of qualified teachers See Footnote *1 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

100% cancellation over 5 years (15/15/20/20/30%) for a full time librarian with a master's degree in library science who is employed:

  • In a elementary or secondary school designated by the Education Department as having a high concentration of students from low-income families. Not all schools serving low-income populations will qualify.
  • In a public library serving a geographical area that contain one or more schools designated by the Education Department as having a high concentration of students from low-income families. Not all schools serving low-income populations will qualify.
Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Librarian See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 8/14/2008.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

100% cancellation over 5 years (15/15/20/20/30%) for a full-time speech language pathologist with a master's degree working exclusively with schools designated by the Education Department as having a high concentration of students from low-income families. Not all schools serving low-income populations will qualify.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Speech/Language Pathologist in a designated low-income school See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 8/14/2008.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

100% cancellation over 5 years (15/15/20/20/30%) for full time employment as a faculty member at a Tribal College or University as defined in Sec. 303 of the Higher Education Opportunity Act of 2008.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Faculty at a Tribal College or University See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 8/14/2008.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Intervention

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Provider of early intervention services See Footnote *1 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2 See Footnotes *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.

Deferment Criteria Federal Perkins/National Direct disbursed on or after 07/01/93 Federal Perkins disbursed between 07/01/87 & 07/01/93 National Direct disbursed between 10/01/80 & 07/01/93 National Direct disbursed before 10/01/80 National Defense
Provider or supervisor of provision of services to high-risk children from low income communities and their families See Footnote *1 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2 See Footnote *1 & *2

*1 Deferment is for period in which a borrower is engaged in service eligible for Federal Perkins Loan Cancellation.

*2 Benefit eligibility is effective 10/01/98.

How to Apply

  • Complete, print and sign the Cancellation Benefit or Deferment (PDF) form.
  • Send the completed form to the following address or fax.
  • New Mexico Student Loans/Perkins Dept.
    P.O. Box 27020
    Albuquerque, NM 87125-7020
  • Fax: (505) 341-9361

Note: The Cancellation Benefit or Deferment form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.