HOME search
NM School Portal ONE CLICKS Money for College Borrowers About Us

Teachers for Tomorrow

Borrowers whose loans are sold or pledged as collateral to the Department of Education will qualify only for the following benefits:
       ●  0% default fee
       ●  0.25% interest rate reduction for electronic payment

However, if New Mexico Student Loans holds the loans impacted by this notice at the time any borrower benefits are earned, the Teachers for Tomorrow program will apply.

When you work full-time as a teacher in New Mexico, you may qualify for 0% interest when your NMSL Stafford and/or Grad-PLUS loans enter repayment. NM Student Loans is proud to offer Teachers for Tomorrow, a program to address New Mexico’s teacher shortage.  Our goal is simple – to make teacher education programs more accessible and help recruit and retain quality teachers for the state.

Teachers:

  • Must be employed full-time.
  • Must have a minimum of a Bachelors degree.
  • Must be directly employed by the school system in a public or other nonprofit elementary or secondary school in New Mexico.
  • Must provide direct classroom-type teaching, or educational service directly related to classroom teaching, such as school librarians and school guidance counselors.
  • Supervisors, administrators, researchers and curriculum specialists are not considered teachers unless they provide direct and personal educational services to students.  However, if you begin receiving Teachers for Tomorrow benefits and are then promoted to one of these positions, you may continue to receive your Teachers for Tomorrow benefits.
  • During your initial year of eligibility, you must teach for a minimum of one semester. For any subsequent years, you must teach for a complete academic year or its equivalent.

Certain restrictions may apply. If you have questions, call NM Student Loans customer service for details, 1-800-279-5063 or 345-3371 (in Albuquerque), extension 1472, or email stafford@nmstudentloans.org.

You may also print the Certification Form. This form must be submitted at the beginning and the end of each academic year in order to receive the Teachers for Tomorrow benefit.

 

New Mexico Student Loans reserves the right to modify or discontinue programs/benefits at any time. Some restrictions may apply.

P.O.Box 27020, Albuquerque, NM 87125 | 505-345-3371 | 800-279-5063 | Contact Us | NMEAF Privacy Policy | NMSLGC Privacy Policy