Teacher Loan Repayment Program

Teacher Loan Repayment Program

The purpose of the Teacher Loan Repayment Program (TLRP) is to increase the number of teachers in designated high-need teacher positions in public schools through an educational loan repayment program. The program provides for repayment of the principal and reasonable interest accrued on loans obtained from the federal government for teacher education purposes.

Eligibility

High-need positions are considered to be filled by teachers that:

  • Have an endorsement and currently teach bilingual education;
  • Have an endorsement and currently teach early childhood education or special education;
  • Have an endorsement and currently teach science, technology, engineering, mathematics or career technical education courses; or
  • Teach in a low performing school which serves a high percentage of economically disadvantaged students (40% or more of the students receive free & reduced lunch).
  •  In order to be eligible for this program you must meet the following general requirements:
  • Bona fide citizen of the United States;
  • Bona fide New Mexico resident (12 consecutive months);
  • Licensed New Mexico teacher;
  • Have taught at least three years in New Mexico;
  • Preference is given to graduates of New Mexico public post-secondary institutions;
  • Teaching in one of the high-need teacher positions listed above (minority teachers filling a high need position are given preference).

When To Apply

The application opens every year on April 15th  and closes promptly on July 1st.

Where To Apply

The Application will be available below starting on April 15th and will be removed from the page on the closing date of July 1st.

Review Process

The Advisory Committee reviews each individual application and makes a full and careful investigation of the ability and qualifications of each applicant determining the fitness of a teacher to participate in the Teacher Loan Repayment Program.

Awards

Awards are dependent upon specific public school’s need for the designated high-need teacher position, the teacher’s total education indebtedness and available balances in the TLRP fund. Recipients are eligible for renewal upon completion of a two-school year obligation period. Recipients will be required to sign a contract committing to serve at an eligible employment site for a period of two (2) school years. Payments are made annually to the loan servicer directly upon verification of employment.

Obligation

The Teacher Loan Repayment Program is a serious commitment to the students of New Mexico. Therefore, all participants are expected to complete their two-school-year service obligation. If a program participant does not complete a full year of teaching shall be voided, and the teacher shall forfeit any right to that year's payment pursuant to the agreement (contract).

The Teacher Loan Repayment Program Application.

Application Opens April 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.