Teacher Loan Repayment Program accepting applications

Albuquerque, NM (KKOB) — Until the August 1st cut-off date, the New Mexico’s Teacher Loan Repayment Program is accepting applications which allows New Mexico licensed teachers with outstanding student loans to apply for debt forgiveness. Those teachers working in high-need fields and schools statewide may be eligible for up to $6,000 per year for two years toward principal debt and interest on federal student loans related to teacher education. Eligible teachers must be U.S. citizens, New Mexico residents for 12 or more consecutive months, hold a New Mexico teaching license, and have taught at least three years in New Mexico. Preference is also given to teachers who graduated from a New Mexico college or university and those from underrepresented backgrounds.