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General Information

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 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

Scholarship Description

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