| Name |
Teacher Loan-For-Service |
| Number of Awards |
|
| Award Value |
$4,000 |
| 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 Teacher Loan-for-Service is to proactively address New Mexico’s teacher shortage by providing students with the financial resources to complete or enhance their post-secondary teacher preparation education.
As a condition of each loan, the student shall declare his/her intent to practice as a teacher in the New Mexico public school system.
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 $4,000 per year
* Award may be renewable for up to five years if application is submitted each year
What are the eligibility requirements?
* New Mexico residents
* Be accepted into Teaching program or an alternative licensure teacher preparation program at a public college or university
* Enroll at least half-time
* Undergraduate or graduate
* Demonstrate financial need