New Mexico Student Loans invests in you with: *
Convenient
and quick student loan processing *
Flexible repayment options *
Student loan experts with answers to all your questions
IMPORTANT NOTICE: As a
result of the Ensuring Continued Access to Student Loans Act of 2008
that was passed on May 7, 2008, the Department of Education will
only allow certain borrower benefits on FFELP educational loans that
may be sold to them.
Borrowers whose loans are sold or pledged as collateral to the
Department of Education will qualify only for the following
benefits:
However, if New Mexico Student Loans holds the loans impacted by
this notice at the time any borrower benefits are earned, the
following money-saving borrower benefits for Stafford, PLUS and
Grad-Plus loans will apply to those loans:
●
0%
default fee to student ●0.25%
interest rate reduction for electronic payment ● 5%
principal reduction after 48 monthly on-time payments ●
Special incentives on loans for public school teachers, MDs and
nurses who work in New Mexico
New Mexico Student Loans
reserves the right to modify or discontinue programs/benefits at any
time. Some restrictions may apply.
QUICK LINKS
If your school is
not listed, please contact your financial aid office for details on
how to apply for a loan from NMSL. * Please contact your
financial aid advisor to see if you qualify to participate in the
PLUS loan programs.
New Mexico Student Loans is a
nonprofit organization founded to improve educational opportunities
for students seeking a postsecondary education.
