New Mexico Higher Education opens 2022 loan repayment program


The New Mexico Higher Education Department is hopeful eligible teachers with outstanding student loans to apply for its debt forgiveness program. Licensed New Mexico teachers may be eligible for up to $6,000 annually for two years. The program can be renewed for additional two-year cycles as well. Last year the program have over 600 New Mexican teachers in the program. Eligible teachers must have taught classrooms in New Mexico for at least three years to be eligible. Applications are being accepted until Aug. 1. Gov. Michelle Lujan Grisham approved a $3 million increase for the program’s budget, allowing all eligible teachers to be accepted. “Thanks to the Teacher Loan Repayment program,” National Education Association New Mexico President Mary Parr-Sanchez said. “Hundreds of New Mexico teachers will experience relief from the financial burden of student loans this year.” Preference will be granted to teachers who have graduated from higher education schools in New Mexico. Priorities have also been granted to those in high-need positions in education. Those in high need are bilingual education, early childhood education, special education, science, technology, engineering, math, and career technical education.Teachers working in a low-performing school that teach economically disadvantaged populations are also listed as high-need.

The New Mexico Higher Education Department is hopeful eligible teachers with outstanding student loans to apply for its debt forgiveness program.

Licensed New Mexico teachers may be eligible for up to $6,000 annually for two years. The program can be renewed for additional two-year cycles as well.

Last year the program have over 600 New Mexican teachers in the program.

Eligible teachers must have taught classrooms in New Mexico for at least three years to be eligible. Applications are being accepted until Aug. 1.

Gov. Michelle Lujan Grisham approved a $3 million increase for the program’s budget, allowing all eligible teachers to be accepted.

“Thanks to the Teacher Loan Repayment program,” National Education Association New Mexico President Mary Parr-Sanchez said. “Hundreds of New Mexico teachers will experience relief from the financial burden of student loans this year.”

Preference will be granted to teachers who have graduated from higher education schools in New Mexico. Priorities have also been granted to those in high-need positions in education.

Those in high need are bilingual education, early childhood education, special education, science, technology, engineering, math, and career technical education.

Teachers working in a low-performing school that teach economically disadvantaged populations are also listed as high-need.

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