Loan links: Apply for a Loan | Application Instructions | Borrowers Rights & Responsibilities | Loan Counseling | Default Status | Eligibility | Payments | Problems | Proration | Repayment | Tips | Types of Loans
Students must complete the FAFSA to be eligible. Students who demonstrate exceptional financial need may be eligible for the program. The maximum annual award is limited to $2,000 per student.
Cancellation
One of the greatest advantages of the Federal Perkins Loan program is the cancellation option. A borrower may have all or part of the loan (including interest) cancelled/forgiven for engaging in public service such as teaching Special Education and handicapped children, service in the education component of a Head Start program, service in the Peace Corps or ACTION, service in underserved or low-income areas, service as a Medical Technician, Nurse, Law Enforcement or Corrections Officer, or service in the military. Contact the New Mexico Student Loans online at http://www.nmeaf.org/ for current cancellation option information.
