The purpose of the Western Interstate Commission on Higher Education (WICHE) Loan-For-Service Program is to allow New Mexico students to enroll at selected out-of-state graduate or professional programs which are not offered at New Mexico public universities.
Exchange students receive preference in admission. They pay reduced levels of tuition; for most students, resident tuition in public institutions or reduced standard tuition at private schools. New Mexico pays a support fee to the admitting school to help cover the cost of students’ education.
As a condition of each loan, the student shall declare his/her intent to return to New Mexico to practice as a professional in their field of study.
For every year of service provided, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness. Penalties will be assessed if the service agreement is not satisfied.
The award will equal the support fees designated for each program as determined by WICHE. Award is renewable for up to four years.
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