New Mexico Higher Education Department
New Mexico Higher Education Department
New Mexico Teacher Loan-For-Service Program 2019 APPLICATION (New and Renewal)
The purpose of the Teacher Loan-for-Service Program is to increase the number of teachers in areas of the state that have experienced shortages by making educational loans to students seeking degrees/certification in the teacher education field.
As a condition of each loan, the student shall declare his/her intent to practice as a teacher in a designated shortage area in New Mexico.
For every year of service, a portion of the student's loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness. Penalties may be assessed if the service agreement is not satisfied.
General Eligibility Requirements:
New Mexico resident
U.S. citizen or eligible non-citizen
Enrolled at least half-time
Enrolled at a public college or institution in New Mexico and accepted into a teacher education program
Demonstrate financial need
Application Process:
Application
School certification
Essay (Type, Minimum of 400 words, 500 Maximum on a separate attachment)
Two letters of recommendation
Applicant certification
Letter of acceptance
Unofficial academic transcripts & proof of enrollment
Copy of Driver's License
Selection Process: The Teacher Advisory Committee will screen applications and rank individuals based on the applicant's academic eligibility, ability to describe the need for the program, and intent to work in a designated shortage area as approved by the New Mexico Higher Education Department.
Award Amounts: Financial Aid Officers make award amount recommendations based on the student's financial need for the academic year; however, the amount of the award may not exceed $4,000 per year. The final award amount is determined by the New Mexico Higher Education Department based on available funding and the total number of eligible applicants. Funds are sent in two disbursements directly to the higher education institution at which the eligible student is enrolled.
Contract: Each student is required to sign a contract agreeing to repay the loan if, after graduation, he or she does not continue to reside in the State of New Mexico and practice as a teacher.
NOTE: For consideration, all documents must be entirely completed and included with the application packet. The application and all supporting documents must be received by 5:00PM July 1, 2019 and mailed to the address below. Scanned, Faxed or Emailed copies will not be accepted. Late applications or applications postmarked with the July 1st date but received after the July 1st deadline date will not be accepted. Once the application packet is received, no additional documents may be added to the packet.
New Mexico Higher Education Department Financial Aid Division
2044 Galisteo Street, Suite 4 Santa Fe, NM 87505
For further information, please contact a financial aid representative at 1-800-279-9777 or visit our website at hed.state.nm.us.
PLEASE DO NOT STAPLE ANY DOCUMENTS
1
New Mexico Higher Education Department
Teacher Loan-for-Service Program 2019 APPLICATION (new and renewal)
Section A: Applicant Information
Full Name: Permanent
Last
First
Address:
Street Address
Home Phone:
City
(
)
Date of Birth:
Email Address:
Previous name under which records may be kept:
Gender: Male
Female
Driver's License Number:
State
Alternate Phone:
(
State:
M.I. Apartment/Unit # ZIP Code
)
Exp:
Are you a citizen of the United States or a permanent resident alien?
Yes No
Are you a New Mexico resident? Yes No If yes, when was residency established? (required)
/
/
High School Grad Date:
/
/
High School Name:
High School Address:
Program
Have you applied for the Teacher Loan-for-Service program in the past?
Yes
If yes, what year did you apply? :
Did you receive funding?
If you answered yes, please list the service component program:
How did you hear about the Loan-for-Service Program?
Education
Name of Institution Attending/Plan to attend:
No Yes No
Course of Study: Degree you plan to obtain: Anticipated Graduation Date:
Current Level: FR SOPH JUNIOR SENIOR GRAD
2
References
New Mexico Higher Education Department
Teacher Loan-for-Service Program 2019 APPLICATION (new and renewal)
List two individuals with separate contact information who can be reached for your most current address and/or phone number.
(1) Full Name: Address: Primary Phone:
Last Street Address
First
City
Relationship:
State
M.I. ZIP Code
(2) Full Name: Address: Primary Phone:
Last Street Address
First
City
Relationship:
State
M.I. ZIP Code
Section B: Obligation Agreement
I understand that if funded, my obligation is to serve in a designated shortage area. Failure to serve in a designated shortage area or default on your loan, no portion of your loan will be forgiven. Your loan will also bear interest at eighteen percent (18%) per annum, until paid in full. In addition the NMHED shall assess a penalty of up to three times the unpaid principal amount.
After completion of your program, you are required to mail out office a copy of the following documents: Final Transcript Diploma Professional License
Once you have obtained employment, you and your employer must fill out a Work Site Approval Form in order for us to approve your work site. You may download this form from our website at .
I, Print Name
have read the above statement and understand my obligation.
Signature:
_
Date: _
3
Section C: School Certification ? To Be Completed By Financial Aid Officer
Student Name:
Name of NM Public College or University:
Student's Anticipated Graduation Date:
Cost of Attendance Include tuition, fees, books, room, board, transportation, and other expenses Financial Resources EFC (Expected Family Contribution) Federal Pell Grant Federal and State Grants Scholarships Work Study Other
Total Estimated Financial Resources:
Estimated Expenses Estimated Financial Support
Subtract all financial resources from the Cost of
Attendance
Total Estimated Unmet Need: $
Recommended Loan-for-Service
Fall
Enter the recommended amount (may not
$
exceed $12,000 for Allied and Nursing and
$25,000 for Medical students per year)
Spring
$
STATEMENT OF RESIDENCY AND RECOMMENDATION OF FINANCIAL AID OFFICER
I hereby certify that for tuition purposes the student is a resident of New Mexico and a citizen of the United States or eligible non-citizen as defined by the U.S. Department of Education. I have reviewed this student's financial aid file and have determined that the student has financial need. I recommend the annual award indicated above. I certify this student is maintaining the satisfactory academic progress necessary to qualify for the financial aid.
Signature of Financial Aid Officer
Date
Print Name and Title of Financial Aid Officer
Contact Phone Number
Email Address
4
Section D: Essay ? ATTACHMENT - PLEASE PRINT
Please type an essay stating why you want to enter or remain in the chosen field and obligate yourself to a designated shortage area in New Mexico through the Loan-For-Service Program. (Minimum of 400 words, 500 Maximum)
Please include your first and last name on the attachment. Essay must be typed and attached on a separate page(s).
Section E: Letters of Recommendation - ATTACHMENT
Please enclose two letters of recommendation from an employer, an educator, a mentor, a colleague, or other professional reference. The letters should explain why the applicant would be a good candidate for an educational loan to obtain a degree in the education field. The letter should also explain the individual's level of commitment to practice in a designated shortage area in New Mexico. (attach to packet without envelope)
Certification Checklist
The application packet MUST be submitted in the order 1-9 (listed below). Do not staple application packet or any attached documents. Do not print 2-sided. Do not submit any envelopes in your packet. If any of the items are omitted from the application packet, your application will be considered incomplete and will not be reviewed or considered for funding.
1. Application (Section A): Complete all fields of the Health Professions Student Loan-forService Program application with all necessary signatures. All fields within the application must be complete.
2. Obligation Agreement (Section B): Sign and date that you understand and agree to obligation.
3. School Certification (Section C): A financial aid officer at your institution must complete the School Certification Form and return the signed form to the student to include with the completed application packet. (please do not have the school mail or email the certification form to our office).
4. Essay (Section D, attachment): Attach typed Essay on separate sheets of paper. Minimum of 400 words, 500 Maximum.
5.
Two Letters of Recommendation (Section E): To be completed by an employer, an
educator, a mentor, a colleague, or other professional reference. (please attach to
packet without envelope)
6. Statement of Understanding & Statement of Intent: Sign, date and submit with your application. (application will not be accepted if page 6 is not signed and dated)
7. Letter of Acceptance (attachment): Attach your letter of acceptance into the teacher education program in which you are enrolled.
8. Unofficial Academic Transcripts & Proof of Enrollment (attachments): Attach unofficial college transcripts and proof of enrollment for the semester you are requesting funding.
9. Copy of Driver's License (attachment)
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