New Student Loans
Low Fixed-Interest Rates from a Trusted Non-Profit for Private Student Loans
Rates & Eligibility for New Graduate and Undergraduate Private Student Loans
We Offer Low Fixed Interest Rates with No Origination or Loan Fees
Cosigners
We Offer Cosigner Early Release Options
Refinancing
You Could Save Money on Your Existing Student Loans
Let Us Help You Finish School
Get Money to Pay for Higher Education Costs
Looking for money for school? A private student loan is a good option for certain students to complete their undergraduate degree, graduate degree, online degree, or trade school certification. We will issue loans of your school-certified undergraduate and graduate school costs. A New Mexico Student Loan is a fixed-rate supplemental education loan for graduate and undergraduate students enrolled at least half-time. The New Mexico Educational Assistance Foundation encourages you to first apply for federal financial aid, scholarships, and grants before applying for a private student loan.
Learn more about our loan rates and eligibility, how to find and ask a cosigner
For questions about our student loan options or personal help with your application, please contact us at 1-505-345-3371 or 1-833-999-3092 or via email: nmeaf@anovaa.com or Studentloans@nmeaf.org”
Top 10 Reasons to Apply for New Student Loans from NMEAF
We Only Offer Fixed Interest Rates
Unlike other private loan providers, we don’t issue variable interest rate loans because we care about your financial future. Fixed interest rates allow you to plan for and establish a reasonable loan repayment strategy. This is similar to federal government student loans.
We’re Based in New Mexico
We understand New Mexico’s students, universities, and other post-secondary education choices better than any other student loan provider. If you need one-on-one help in person, you can visit our friendly representatives in our Albuquerque office.
No Origination or Disbursement Fees
We won’t charge you for processing or disbursing your student loan. We feel that origination and loan fees are simply wrong. There are no penalties for early repayments on any of our loans.
Cosigner Early Release Option
After 24 months of payments and a proven credit check, the student borrower may apply to have their cosigner released from the student loan.
Helping NM Students Since 1981
We’ve been helping New Mexican families by servicing student loans since 1981. Our experienced and knowledgeable team provides excellent customer service and has a proven history of success.
Have Questions? Need Help?
How to Succeed with Student Loans
Since 1981, we’ve helped students repay their loans and make wise financial choices. Here’s our best advice for paying for college and succeeding with alternative student loans.
Borrow for tuition, not for lifestyle
That $7daily latte might fuel your studying, but your daily coffee habit can add up to over $2,000 per year. It’s not worth taking out additional student loans to pay for lifestyle expenses that can be controlled.
New Mexico Non-Profit Organization
We have served the community of New Mexico for more than 45 years (and counting!). Our New Mexico students and schools are our only priority
Borrow Responsibly
The best way to pay for college is through scholarships, grants, savings and federal student loans. Make sure you evaluate all anticipated monthly loan payments and how much you expect to earn in the future after graduating before considering a private student loan.