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There are many federal and state student loan debt relief programs and benefits available to nurses, doctors, and health care professionals.
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NMSL Nurses for New Mexico
Nurses for New Mexico is a program by NMEAF and New Mexico Student Loans to address the nursing shortage in New Mexico.
What are the benefits of the Nurses for New Mexico Program?
- No interest will be charged when an eligible loan enters repayment for nurses who work full-time in New Mexico providing health care in a qualifying public or private facility.
- Eligible Consolidation loans will have the interest reduced to 1.25% when the nurse works full-time in New Mexico providing health care in a qualifying public or private facility.
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NMSL MDs for New Mexico
NMEAF and New Mexico Student Loans is proud to offer MDs for New Mexico, a program to help retain graduating medical students and address the ongoing shortage of practicing physicians in New Mexico.
What are the benefits of NMSL MDs for New Mexico?
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Qualifying doctors get 0% interest when your federal loans enter repayment.
OR - Have your interest reduced to 1.25% on qualifying consolidated loans.
NMSL MDs for New Mexico Physician Working outside the State of New Mexico
New Mexico Student Loans and NMEAF also offers a reduced interest rate program for physician’s working outside the state of New Mexico who graduated from UNM Medical School.What are the benefits of the NMSL Physicians Out-of-State Program?
- Your outstanding principal balance will be reduced by 4.5% after receiving 33 on-time monthly Payments.
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New Mexico Higher Education Department Health Professional Loan Repayment Program
The NMSL program provides student loan repayments for practicing health professionals who commit to practice full-time in a designated facility in New Mexico. Learn more
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Federal Loan Programs for Health Care Professionals
U.S. Department of Health and Human Services Loan Programs
- Faculty Loan Repayment This repayment program is for health professionals faculty members at a health professions schools.
- National Health Services Corps Primary care providers in eligible disciplines can have part of their federal loans repaid with this program.
- NURSE Corps Loan Repayment Program This program supports RNs, APRNs, and nurse faculty in repaying education loans for nurses serving in eligible facilities located in areas experiencing a shortage of nurses.