Are there any student loan repayment programs available for public service employees?

Yes, there are student loan repayment programs available for public service employees in New Mexico. The State of New Mexico has a loan repayment program that is open to those who are seeking to enter, or are already employed in public service. This includes state or local government agencies, public schools, and certain non-profit organizations. Qualification for the loan repayment program requires applicants to have at least two full years of full-time qualifying employment in the public service in New Mexico. Those selected for the program may be eligible to receive up to $6,000 each year for up to four years to help pay off their student loans. Other loan repayment programs in New Mexico include an AmeriCorps program in which participants may receive a $5,900 education award, and a Teach for America program that offers loan repayment assistance and salary bonuses to educators. To find out if you are eligible for loan repayment assistance in New Mexico, you should contact the state’s Commission on Higher Education. They will be able to provide you with specific details about the various programs and requirements needed for qualification.

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