Loans for Service

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LOANS FOR SERVICE FROM THE HIGHER EDUCATION DEPARTMENT

The New Mexico Higher Education Department offers several loan forgiveness programs for professions that are in high demand, especially in New Mexico rural communities. A complete list of the loans for service programs from the HED can be found at http://www.hed.state.nm.us/programs/. Of particular interest to Santa Fe Community College students are the Nursing Loans for Service and the Teacher Loans for Service programs.

Nursing Loans for Service

The purpose of the Nursing Loan-for-Service is to increase the number of nurses in areas of the state which have experienced shortages by making educational loans to students entering nursing programs. As a condition of each loan, the student shall declare his/her intent to practice as a health professional in a designated shortage area http://www.hrsa.gov/shortage/.

For every year of service, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness. Penalties may be assessed if the service agreement is not satisfied. For complete details, visit the New Mexico Higher Education Department’s Nursing Loan for Service web page: http://hed.state.nm.us/students/nursing_lfs.aspx .

The eligibility requirements for the Nursing Loan for Service are:

  • New Mexico Resident
  • Accepted into a Nursing Program at a New Mexico public college or university
  • Enroll at least half-time
  • Demonstrate financial need

Teacher Loans for Service

The purpose of the Teacher Loan-for-Service is to proactively address New Mexico’s teacher shortage by providing students with the financial resources to complete or enhance their post-secondary teacher preparation education. As a condition of each loan, the student shall declare his/her intent to practice as a teacher in the New Mexico public school system.

For every year of service, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness. Penalties may be assessed if the service agreement is not satisfied. For complete details, visit the New Mexico Higher Education Department’s Teacher Loan for Service http://hed.state.nm.us/students/teacher_lfs.aspx web page.

The eligibility requirements for the Nursing Loan for Service are:

  • New Mexico Resident
  • Accepted into a Teaching Program or an Alternative Licensure Teacher Preparation Program at a public college or university
  • Enroll at least half-time
  • Undergraduate or graduate
  • Demonstrate financial need

To E-mail Financial Aid:

Federal regulations require that all financial aid inquiries come from your school e-mail address. Please e-mail all financial aid questions from your SFCC email account.
Log into MySFCC, access email account in applications, and create a new email using “financialaid@sfcc.edu” in the address bar.

For more information please contact the Financial Aid office, 505-428-1268.