New Mexico Medical Loan for Service Program
800.279.9777
fin.aid@hed.nm.gov
The New Mexico Medical Loan for Service Program offers forgivable loans to medical students who agree to practice in a healthcare shortage area of New Mexico upon completion of their education.
For every year of service provided in a designated shortage area within New Mexico, a portion of the loan will be forgiven. If the entire service agreement is fulfilled, 100% of the loan is eligible for forgiveness.
New Mexico residents who are accepted into a medical school within New Mexico are eligible to apply. Must be enrolled at least half-time.
Eligible practice sites include:
- Rural Health Clinics
- Community health centers
- Federally Qualified Health Centers
- Homeless healthcare centers
- Indian Health Services
- Migrant Health Centers
- Nonprofit health centers, clinics, and hospitals with 501(c)(3) status
The award is based on financial need of the student. Awards cannot exceed $25,000 per year, renewable for up to 4 years upon resubmission of an application each year.
A link to the online application is available on the program website.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.