Health Professional Loan Repayment Program

Health Professional Loan Repayment Program

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. The HPLRP is a competitive program. Application to the program does not guarantee funding.

Eligible Health Occupations

Allied Health Fields
  • Audiologist
  • Emergency Medical Technician
  • Laboratory Technician
  • Nutritionist
  • Occupational Therapist
  • Pharmacist
  • Physical Therapist
  • Radiology Technician
  • Respiratory Care Provider
  • Speech Language Pathologist
Dental Fields
  • Dentist

 

Medical & Nursing Fields
  • DO
  • MD
  • Osteopathic Physician Assistant
  • Physician Assistant
  • Nurse Practitioner/ Advanced Practice Nurse
Mental Health Fields
  • CP
  • LADAC
  • LCSW
  • LMHC
  • LMSW
  • LPC
  • LPCC
  • MD/Psychiatry
  • MFT
  • Psy D.
  • Other
Eligibility
  • 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.
When To Apply

The HPLRP application opens every year on March 15th and closes May 1st. Electronic applications must be completed in full and submitted online by 5:00PM on May 1, 2020. Applications with any documents or information missing will not be reviewed for funding.

Where To Apply

The electronic application link will be available below starting on March 15th.  The electronic application link will be removed promptly on the closing date of May 1st.


Scoring Process

The Health Advisory Committee reviews each individual application, assigning a score using a matrix in the following areas:

  • HPSA Score (Federal)
  • Service Area
  • Area Health Statistics Key Indicators (determined by the New Mexico Department of Health)
  • Population Served
  • Priority will be given to those applicants working in designated areas of greatest need. Decisions on funding are made on a case-by-case basis and all ranking is at the discretion of the Health Advisory Committee.
Funding

The program is federal and state funded. Health Professionals practicing in federal Health Professional Shortage Areas (HPSA) will be offered federal funding first and will receive the highest priority. Health Professionals eligible for state funding only will have the application reviewed by the Health Advisory Committee. The committee will use the approved scoring procedure to rank the applicants.

Awards

Payments are made on the quarterly basis to the loan servicer directly upon verification of employment for the quarter.

Obligation

HPLRP is a serious commitment to the underserved citizens of New Mexico. Therefore, all participants are expected to complete their service obligation. If a program participant does not comply with the terms of the participation agreement, the department shall assess a penalty of three times the amount of the award disbursed, plus eighteen percent interest.

The Health Professional Loan Repayment Program Electronic Application will open on March 15th and will close promptly on May 1st.

APPLICATION will open on March 15, 2020.
NMHED, Financial Aid Division Contact Information
Phone: 1-800-279-9777
Email: fin.aid@state.nm.us

CONTACT US: If you require additional guidance on how to direct your question or are not able to locate the information you are looking for on the New Mexico Higher Education Department's website, please email HigherEd.Info@state.nm.us.