| Name |
Medical Loan-For-Service |
| Number of Awards |
|
| Award Value |
$25,000 |
| Award Type |
Need-Based Scholarship
Loan |
| Accept Applications |
Until July 1 |
| Renewable |
 |
| Scholarship Links |
More Information
|
| Contact |
New Mexico Commission on Higher Education
1068 Cerrillos Road
Santa Fe,
New Mexico
87505
|
| Phone |
(800)279-9777 |
| Fax |
|
| Email |
highered@che.state.nm.us |
|  |
|
The purpose of the Medical Loan-for-Service is to increase the number of physicians in areas of the state which have experienced shortages of health professionals by making educational loans to students entering medical school.
As a condition of each loan, the student shall declare his/her intent to practice as a health professional in a designated shortage area.
For every year of service, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness. Penalties may be assessed if the service agreement is not satisfied.
How much is the award?
* The award is based on the financial need of the student
* The award may not exceed $25,000 per year
* Award may be renewable for up to four years if application is submitted each year
Who is eligible?
* New Mexico residents
* Be accepted into the UNM School of Medicine
* Enroll at least half-time
* Demonstrate financial need