4 days ago
Applications open June 1 for New Mexico's ‘Teacher Loan Repayment Program'
SANTA FE, N.M. (KRQE) — New Mexico teachers will be able to apply for up to $6,000 in student loan help starting on June 1. Last year, the 'Teacher Loan Repayment Program' helped over 800 teachers. This year, Gov. Michelle Lujan Grisham backed a $5 million funding increase for the program.
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'The Teacher Loan Repayment Program is a vital investment in our educators and their future. By alleviating the burden of student loan debt, we are showing our teachers that we value their dedication to New Mexico's students and communities,' said Public Education Secretary Mariana D. Padilla. 'Since 2020, the program has provided debt relief to over 2,500 individuals, reflecting the state's commitment to attracting and retaining quality educators.'
To be eligible, the teacher must be a US citizen, a New Mexico resident for 12 or more consecutive months, have a New Mexico teaching license, and have taught at least three years in the state. Priority is given to teachers in high-need positions, including those with endorsements and actively teaching in these areas:
Bilingual education
Early childhood education
Special education
Science, technology, engineering, or math (STEM)
Career technical education (CTE)
In a low-performing school serving economically disadvantaged populations
Awards from the program can be renewed for additional two-year cycles if the recipient continues fulfilling their teaching commitment. Teachers benefiting from the federal program can simultaneously benefit from this one as well. Higher Education Secretary Stephanie M. Rodriguez had this to say about the program.
'The state's Teacher Loan Repayment Program works to alleviate the financial burden of student loan debt, allowing teachers to focus on what is most important – educating our children,' said Rodriguez. 'New Mexico is committed to helping educators by providing them with the support and respect they deserve as they teach the next generation of New Mexicans.'
Program applications are due by 5 p.m. on Monday, Aug. 1. They can be completed electronically through the New Mexico Higher Education Department's website. Interested teachers can also email or call 1-800-279-9777.
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