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Looking for money for school? A private student loan, also known as alternative student loan, is a good option for certain students to complete your undergraduate degree, graduate degree, online degree or trade school certification. We will issue loans up to 100% of your school-certified undergraduate and graduate school costs.


A New Mexico Student Loan is a fixed-rate supplemental education loan for graduate and undergraduate students enrolled at least half-time. The New Mexico Educational Assistance Foundation encourages you to first apply for federal financial aid, scholarships and grants before applying for a private student loan.

Learn more about our loan

For questions about our student loan options or personal help with your application please contact us at 844-703-9147 or loan@nmeaf.org

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http://www.campusdoor.com/NMEAF

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We want to help you graduate

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Apply for a Loan

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

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New Mexico Non-Profit Organization

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  1. 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.
     
  2. We won’t issue bad loans
    Sorry, but 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.
     
  3. 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.
     
  4. 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 office in Albuquerque. Also, when you borrow from us, you are helping employ fellow New Mexicans.
     
  5. 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%.
     
  6. 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.
     
  7. 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.
     
  8. 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%.
     
  9. 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.
     
  10. More than 35 years of experience
    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.
Learn about our private student loan options including rates, eligibility requirements, or benefits for co-signers.

For questions or personal help with your application please contact us at 844-703-9147 or loan@nmeaf.org

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Top 10 reasons to apply for a private student loan with NMEAF

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“A private loan from NMEAF helped me to complete my education and graduate. The application process is straightforward and can all be done online.”
- Carla M. - Las Cruces, NM

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The best way to pay for college is 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.

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Borrow Responsibly

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We want to help you graduate


Looking for money for school? A private student loan, also known as alternative student loan, is a good option for certain students to complete your undergraduate degree, graduate degree, online degree or trade school certification. We will issue loans up to 100% of your school-certified undergraduate and graduate school costs.


A New Mexico Student Loan is a fixed-rate supplemental education loan for graduate and undergraduate students enrolled at least half-time. The New Mexico Educational Assistance Foundation encourages you to first apply for federal financial aid, scholarships and grants before applying for a private student loan.

Learn more about our loan

For questions about our student loan options or personal help with your application please contact us at 844-703-9147 or loan@nmeaf.org
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New Mexico Non-Profit Organization

We are proud to be serving the community of New Mexico for more than 35 years. You can trust you are in good hands with NMEAF as we have been servicing New Mexican's since 1981 and have helped more than 340,000 borrowers with $2.9 billion loans. Learn more about how we help New Mexico.
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Top 10 reasons to apply for a private student loan with NMEAF

  1. 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.
     
  2. We won’t issue bad loans
    Sorry, but 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.
     
  3. 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.
     
  4. 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 office in Albuquerque. Also, when you borrow from us, you are helping employ fellow New Mexicans.
     
  5. 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%.
     
  6. 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.
     
  7. 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.
     
  8. 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%.
     
  9. 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.
     
  10. More than 35 years of experience
    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.
Learn about our private student loan options including rates, eligibility requirements, or benefits for co-signers.

For questions or personal help with your application please contact us at 844-703-9147 or loan@nmeaf.org
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“A private loan from NMEAF helped me to complete my education and graduate. The application process is straightforward and can all be done online.”
- Carla M. - Las Cruces, NM

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Borrow Responsibly

The best way to pay for college is 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.