The purpose of the Teacher Loan Repayment Program (TLRP) is to increase the number of teachers in designated high-risk teacher positions in public schools through an educational loan repayment program. The program provides for repayment of the principal and reasonable interest accrued on loans obtained from the federal government for teacher education purposes.
Awards are dependent upon specific public school’s need for the designated high-risk teacher position, the teacher’s total education indebtedness and available balances in the TLRP fund. Recipients are eligible for renewal upon completion of a two-school year obligation period. Recipients will be required to sign a contract committing to serve at an eligible employment site for a period of two (2) school years. Payments are made biannually to the loan servicer directly upon verification of employment.
- Bona fide citizen of the United States;
- Bona fide New Mexico Resident (12 consecutive months);
- Licensed New Mexico Teacher;
- Currently employed as a teacher in a public school that is not meeting acceptable academic proficiency levels (Overall F or D graded school by the public education department); and is located in geographic areas with high rate of poverty;
- Declare intent to practice as a teacher in a public school that is not meeting acceptable academic proficiency levels (Overall F or D graded school); and is located in geographic areas with high rate of poverty;
- Preference is given to graduates of New Mexico public post-secondary institutions.
The Advisory Committee reviews each individual application, assigning a score using a matrix in the following areas:
- Hard to fill high-risk teaching position (letter required from school explaining why this particular teaching position is hard to fill)
- Special Education Teacher
- English Secondary Language (ESL) Teacher
- Bilingual Education Teacher
- Reading Specialist
- Pre-K Teacher
- Science, Technology, Engineering and Mathematics Teacher
- Graduated for a New Mexico Public post-secondary educational institution (preference given)
- High Student Debt income Ratio
- Complete packet submitted
The Teacher Loan Repayment Program is a serious commitment to the students of New Mexico. Therefore, all participants are expected to complete their two-school-year service obligation. If a program participant does not comply with the terms of the participation agreement (contract), the teacher shall reimburse the department for all loan payments made on the teacher’s behalf, plus reasonable interest at a rate to be determined by the department, unless the department finds acceptable extenuating circumstances for why the teacher cannot serve or comply with the terms of the contract.
When to Apply:
THE 2015 APPLICATION IS OPEN.
The Teacher Loan Repayment Program new and renewal applications open every year on March 2nd and close on May 1st at 5:00PM.
Where to Apply:
The Application is located on the New Mexico Higher Education Department website. (below) starting March 1st and will be removed from the page on the closing date of May 1st.
How to Apply:
The application must be completed in full and all necessary documents attached. The application and all attachments must be received by 5:00 PM on May 1, 2015. Applications received after the deadline will not be reviewed. Applications postmarked May 1, 2015 but received by NMHED after the May 1st deadline will NOT be considered. The New Mexico Higher Education Department must receive the application by the deadline date indicated. Faxed applications will NOT be accepted.
How do I know if my school has an Overall F or D grade?
Please visit the New Mexico Public Education Department (PED) website to view your schools grade. http://webapp2.ped.state.nm.us/SchoolData/SchoolGrading.aspx
My school was graded a D last school year but now is graded a C, may I still apply for the program?
No. The PED school grading of an overall grade of a D or an F is considered for the current application year.
What if my school grade changes within my two-school-year obligation period?
The PED school grading of an overall D or F is considered for the application year.
Do I need to be employed as a teacher for a specific amount of time?
No. First year teachers may apply for the program.
Am I able to receive both Federal Perkins and Stafford Loan Forgiveness Program funds and New Mexico Teacher Loan Repayment Program funds simultaneously?
No. a state program participant may not receive both state and federal simultaneously. State Teacher Loan Repayment Program participants cannot apply for the Federal Teacher Loan Forgiveness Program until the completion of their two-school-year service obligation with the state of New Mexico.
Are charter schools that have an overall grade of a D or an F by PED eligible?
I am a public post-secondary instructor, may I apply for this program?
No. The TLRP is strictly for Pre-K -12 teachers.
Mail your application to the following address:
New Mexico Higher Education Department
Financial Aid Division
Santa Fe, NM 87505-2100
Please contact the New Mexico Higher Education Department, Financial Aid Division at
1-800-279-9777 or via email at firstname.lastname@example.org.
EMPLOYMENT VERIFICATION FORM
Current Teacher Loan Repayment Participants, please complete the Employment Verification From (EVF) below for the period of August 1-December 31, 2014. Please complete the form, scan and email it to email@example.com. Forms are due to the NMHED, Financial Aid Office by January 15, 2015. Any forms received after the deadline will not be accepted. Mailed and Faxed forms will not be accepted.