NMSU Student Loans

Welcome Aggies!

We are a New Mexico non-profit organization based in Albuquerque. We’re here to help you graduate from New Mexico State University. If you are needing money to attend NMSU, we offer private (alternative) NMSU student loans to students enrolled at least half-time. Before you apply for our loan, make sure you first apply for federal financial aidscholarships and grants.

Woman graduate illustration

Let us help you graduate from NMSU

If you do need private loans to help you complete your education at NMSU, our New Mexico Student Loan from NMEAF has many benefits.

Low Fixed Interest Rates

How to Ask a Cosignner

Multiple Repayment Plans

New Mexico Non-Profit Organization

We are proud to be serving the community of New Mexico for more than 35 years. You can trust that you are in good hands with NMEAF as we have been servicing New Mexicans since 1981 and have helped more than 340,000 borrowers with $2.9 billion in loans. 

Top 10 Reasons to Apply for a NMEAF Student Loan

We are a Non-Profit Organization

That’s right – we are NOT for profit. Unlike other lenders, all of the money we earn beyond expenses goes back into helping students and families plan, prepare and pay for college.


We Won’t Issue Bad Loans

If we feel that a private student loan is not in your best interest we won’t approve your application. We want our students to have a healthy financial future.

We Only Offer Fixed Interest Rates

Unlike other private loan providers, we don’t issue variable interest rate loans because we care about your financial future. Fixed interest rates allow you to plan for and establish a reasonable loan repayment strategy. Federal government student loans also only have fixed interest rates.

We’re Based in New Mexico

We understand New Mexico’s students and universities better than any other student loan provider. If you ever want help in person you can visit our friendly representatives in our Albuquerque office. Also, when you borrow from us, you are helping employ fellow New Mexicans.

Interest Rate Reduction for On-Time Payments

We believe you will be a good borrower so after 24 consecutive on-time repayments, we will reduce your interest rate by 0.25%.

Graduation Interest Rate Reduction

Your success matters to us. When you graduate we will reduce your interest rate by 0.25% as our special graduation present to you.

No Origination or Disbursement Fees

We won’t charge you for processing or disbursing your student loan; we feel this is money that should stay with you. All student loans have no penalties for early payments. 

Multiple Repayment Options

We care about your financial future success so we will work with you to find the right loan repayment plan. And, if you sign up for automatic payments we will reduce your interest rate by 0.25%.

Cosigner Early Release Option

After 24 months of payments and a proven credit check, the student borrower may apply to have their cosigner released from the student loan.

Helping NM Students Since 1981

We’ve been helping New Mexican families by servicing student loans since 1981. Our experienced and knowledgeable team provides excellent customer service and has a proven history of success.

Have Questions? Need Help?

For questions or personal help with your application, please contact us at 833-999-3092 or nmeaf@annova.com


Borrow Responsibly

The best way to pay for college is through scholarships, grants, savings and federal student loans. Make sure you evaluate all anticipated monthly loan payments and how much you expect to earn in the future after graduating before considering a private student loan.