Nearly 400 teachers in New Mexico will receive student loan forgiveness this year through the state’s Teacher Loan Repayment Program. The initiative is part of New Mexico’s broader strategy to attract and retain educators across the state.
This year, funding was awarded to 387 new teachers, joining the 529 educators already benefiting from the program since its launch in 2013. The program provides licensed teachers with up to $6,000 per year in student loan repayment in exchange for a two-year commitment to work in a New Mexico school. It prioritizes support for those teaching in high-need schools and subject areas such as STEM, career technical education, bilingual and early childhood education, special education, and schools serving students from low-income backgrounds.
“New Mexico teachers dedicate their careers to helping students reach their full potential—and they deserve the same support from us,” said Higher Education Secretary Stephanie M. Rodriguez. “Expanding this program means more educators can focus on teaching, not worrying about looming student debt. This is an investment in our teachers, our students and the future of New Mexico.”
The Teacher Loan Repayment Program has received a $4.92 million appropriation for Fiscal Year 2026 as it continues to expand to meet demand for qualified teachers.
“By providing debt relief to nearly 400 dedicated educators working in classrooms across New Mexico, we are lifting a burden that too many have carried alone,” said Secretary of Public Education Mariana D. Padilla. “This investment honors their commitment, strengthens our schools and reaffirms that when we support our teachers, we support every student’s future.”
Applications for the Teacher Loan Repayment Program open June 1 and close August 1 each year. Additional information about loan repayment programs can be found at hed.nm.gov or by calling the Financial Aid Help Line at 1-800-279-9777.
