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
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
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.
- Must be employed full-time.
- Must have a minimum of a
Must be directly
employed by the school system in a public or
other nonprofit elementary or secondary school in
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
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
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.
Student Loans reserves the right to modify or
discontinue programs/benefits at any time. Some
restrictions may apply.