“One teacher can change the world”
There are multiple programs to encourage you to enter a career as a teacher and help decrease the amount or pay off your student loan.
This program is where the U.S. Department of Education repays a portion of your Federal student loan.
What are the qualifications for the Federal teacher loan forgiveness?
What are the benefits of the federal loan forgiveness program for teachers?
Learn more about the Federal Teacher Loan Forgiveness and Qualifications
How do I apply for the Federal loan forgiveness for teachers?
You may apply for cancellation after completing the five-year teaching requirement but before that time you can apply for forbearance to suspend your student loan payments.
In addition to the federal teacher loan options there are three other programs to incentivize teaching in New Mexico. The New Mexico Higher Education Department (NMHED) has two programs for teachers and we (NMSL) have one program to encourage teaching in New Mexico.
New Mexico Student Loans is proud to offer Teachers for Tomorrow, a program to address New Mexico's teacher shortage. Our goal is simple - to make teacher education programs more accessible and help recruit and retain quality teachers for our state.
What are the benefits of the NMSL Teachers for Tomorrow Program?
How do I qualify for the NMSL Teachers for Tomorrow Program?
Learn more and apply for the NMSL Teachers for Tomorrow Program
This program can award you up to $4,000 per year to help you pay for your teacher education. The program is available for students who have financial need as determined by the FAFSA and Teacher Loan For Service Application with the NMHED.
Learn more and apply for the New Mexico Teacher Loan for Service Program
This program is designed to help pay off federal student loans for teachers who enter qualifying high-risk public schools that are not meeting acceptable academic proficiency levels and are located in areas with high rates of poverty. To qualify you must be a licensed New Mexico teacher and a New Mexico resident. To qualify you must complete two full years as a teacher in the qualifying school.
Learn more and apply for the New Mexico Teacher Loan Repayment Program
Contact us if you have any questions about teacher student loan programs.