New Mexico has the second highest student loan default rate in the country… And the shortage of teachers across the state was a serious problem even before the pandemic. The New Mexico Department of Higher Education has developed a new program to help educators reduce student loan repayments.
Teacher loan repayment program just announced that it will help teachers with outstanding debts reduce their loans or even cancel them altogether.
“Supporting current and future teachers from different walks of life is critical to address teacher shortages and improve outcomes for all New Zealanders from cradle to career.”
This is Stephanie Rodriguez, cabinet secretary for the New Mexico Department of Higher Education. She said the program serves to encourage educators to work in high-need areas such as bilingual education, special education, STEM, and low-performing schools serving the economically disadvantaged.
Recipients must agree to a two-year tuition and can receive up to $ 6,000 per year.
Applications are open now and closing on August 1st at 17:00.