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The purpose of this program is to increase the number of nurses in underserved rural areas in New Mexico. Loans are provided to nursing students with the understanding that the loans will be paid back with service in a medically under served area upon completion of a nursing education. This is a loan-for-service program and is available for nursing students only. Three years of service will forgive the total loan. If you do not fulfill this condition, you must repay the loan at an 18 percent interest rate.
For further information on the New Mexico Nursing Student Loan contact the New Mexico Higher Education Department online at http://hed.state.nm.us or call 1-800-279-9777.
