New Mexico Higher Education Opens 2022 Loan Repayment Program

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The New Mexico Department of Higher Education hopes eligible teachers with outstanding student loans will be able to apply for its debt forgiveness program. New Mexico licensed teachers may be eligible for up to $6,000 per year for two years. The program can also be renewed for additional two-year cycles. Last year, the program had more than 600 New Mexican teachers in the program. Eligible teachers must have taught in classrooms in New Mexico for at least three years to be eligible. Applications are accepted until August 1st. Governor Michelle Lujan Grisham approved a $3 million increase to the program’s budget, allowing all eligible teachers to be accepted. “Thank you to the teacher loan repayment program,” said Mary Parr-Sanchez, president of the National Education Association New Mexico. “Hundreds of New Mexico teachers will be relieved of the financial burden of student loans this year.” Preference will be given to teachers who have graduated from New Mexico schools of higher education. Priorities have also been given to people in high-needs positions in education. Those most in need are bilingual education, early childhood education, special education, science, technology, engineering, mathematics and vocational technical education. Teachers working in a low-performing school that teaches economically disadvantaged populations are also listed as having high needs.

The New Mexico Department of Higher Education hopes eligible teachers with outstanding student loans will be able to apply for its debt forgiveness program.

New Mexico licensed teachers may be eligible for up to $6,000 per year for two years. The program can also be renewed for additional two-year cycles.

Last year, the program had more than 600 New Mexican teachers in the program.

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

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

“Thank you to the teacher loan repayment program,” said Mary Parr-Sanchez, president of the National Education Association New Mexico. “Hundreds of New Mexico teachers will be relieved of the financial burden of student loans this year.”

Preference will be given to teachers who have graduated from New Mexico schools of higher education. Priorities have also been given to people in high-needs positions in education.

Those most in need are bilingual education, early childhood education, special education, science, technology, engineering, mathematics and vocational technical education.

Teachers working in a low-performing school that teaches economically disadvantaged populations are also listed as having high needs.

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