New Mexico Student Loan Forgiveness Programs
New Mexico has several student loan forgiveness programs that are specific to just the State of New Mexico.
However, residents of the State of New Mexico can also potentially qualify for various Federal student loan forgiveness programs.
You can find a great list of Federal student loan forgiveness programs here: Top Student Loan Forgiveness Programs.
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New Mexico Loan Forgiveness Programs
Program: Health Professional Loan Repayment Program
- Amount: Up to $25,000 per year
- Description: The purpose of the New Mexico Health Professional Loan Repayment Program (HPLRP) is to provide repayment for outstanding student loans of practicing health professionals. As a condition of the program, a health professional must make a two year service commitment to practice full-time in a designated medical shortage area in New Mexico.
- Requirements:
§ U.S. Citizen or permanent resident alien
§ New Mexico Resident (12 consecutive months)
§ Licensed or certified in the state of New Mexico by the date funding begins (July 1st)
§ Employed full time (40 hours a week)
§ Preference is given to graduates of New Mexico public post-secondary institutions
- Program Information: Health Professional Loan Repayment Program
Program: Public Service Law Loan Repayment Program
- Amount: Up to $7,200 per year
- Description: The purpose of the New Mexico Public Service Law Loan Repayment Assistance Program (LRAP) is to provide legal educational loan repayment assistance to individuals providing public service in state or local government or the non-profit sector in New Mexico to low income or underserved residents.
- Requirement:
§ Annual salary may not exceed $55,000.
§ Licensed to practice in New Mexico as an attorney and shall declare intent to practice as an attorney in public service employment in New Mexico.
§ Have student loans that were obtained for legal education expenses that are not in default (past or present).
§ Must have applied to all available legal educational loan repayment programs offered by the applicant’s law school for which the applicant qualifies.
§ Must be employed as an attorney at an eligible employment site (Note: Individuals with an official job offer may apply).
§ This is a service-based program, which requires a three (3) year commitment to work in Public Service Law. Past program participants may be eligible for renewal.
- Program Information: Public Law Loan Repayment Program
If you're still looking for ways to pay for college in New Mexico, check out this guide to New Mexico student loans and scholarships.
Return to Student Loan Forgiveness Programs by State.
Editor: Clint Proctor Reviewed by: Claire Tak