Manage Existing NM Student Loans
Resources & Links to manage your existing federal student loans from NMEAF
Information and instructions to help you manage your existing student loan accounts.
Forms & Tax Info
Find a comprehensive list of student loan repayment forms and tax information to help you manage your student loans.
Learn about all repayment plans and options for student loans and special programs for military, teachers and healthcare workers.
Special Federal Student Loans Notices
Notification of Intent to Apply for Separation of a Joint Consolidation Loan
One-Time IDR Payment Count Adjustment for Eligible Borrowers
Trouble Making Payments?
Here are some options for payment challenges. These options only apply to federal student loans and not to private student loans.
Deferment is a temporary solution where your loan payments will be postponed for a period of time.
Forbearance is a temporary solution that stops or decreases your student loan payments when you are struggling to pay your student loans.
Consolidation & Forgiveness
Consolidate all of your federal student loans into one new loan. Some loans can be forgiven if you meet specific qualifications.
If you are late making payments your student loan is considered delinquent. After many missed payments your loan goes into default.
Repaying Your Student Loans
We’re proud to have helped hundreds of thousands of students pay off millions of dollars in student loans since 1981. We’re here to help you take control of your financial life and provide the resources to manage and repay your student loans.
Paying Your Student Loans On Time Is Essential
Did you know that not paying your student loan is one of the worst things you can do? Not paying your loan can have serious consequences for your future.
We’re here to help you find the best option to pay your student loans and avoid all of the trouble that comes with delinquent and defaulted student loans. Contact us with questions about paying and managing your student loans.
Not paying your student loan bill on time or defaulting on your loan can follow you for your entire life.
If you don’t pay, your wages could be garnished or the government could seize your tax refunds.
A delinquent or defaulted loan can destroy your credit and make it difficult (or impossible) to get a credit card, auto loan or a home mortgage.
You may also have trouble getting a cell phone plan, renting an apartment, or signing up for utilities.
Bad credit may result in higher interest rates on future loans than someone with good credit.
It can take many years to reestablish a good credit record.
Student loans are not eligible to be discharged in bankruptcy.
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New Mexico Student Loan Ombudsmen
Have problems with your loans? Contact our Ombudsman to get additional help.
What is a Student Loan Ombudsman?
An Ombudsman is a neutral, informal, and confidential resource to help resolve disputes about your federal student loans.
We strive to provide the best customer service. Please contact a supervisor or manager if you need additional assistance at 1-800-279-5063.
If you have already talked with us but still feel like you need additional assistance, our Ombudsman is available to help you. Our Ombudsman, Beth Leeway, is dedicated to helping resolve disputes related to Federal Family Education Loan (FFEL) Program loans and Guaranteed Student Loans.
Contact the NMEAF Ombudsman
Need additional help with your loan dispute?
The U.S. Department of Education has created the Office of the Student Loan Ombudsman to assist borrowers when all else fails. Contact the Department of Education’s Ombudsman at:
Office of the Ombudsman, U.S. Department of Education
Room 3012, ROB #3 7th and D Streets SW
Washington, DC 20202
Toll Free: 1-888-557-2575