What is New Mexico's Lottery Scholarship?

The Legislative Lottery Scholarship covers tuition at eligible NM public colleges for NM high school grads who enroll full-time immediately after graduation. Visit hed.nm.gov.

Should I take federal or private student loans in New Mexico?

Exhaust federal loans and NM state scholarships before any private loan. Federal loans offer income-driven repayment and forgiveness. Apply at studentaid.gov first.

Does New Mexico have a student loan forgiveness program?

New Mexico does not have a broad state forgiveness program. NM public employees and teachers may qualify for federal PSLF and Teacher Loan Forgiveness — see studentaid.gov.

What is in-state tuition at UNM or NMSU?

Visit unm.edu or nmsu.edu for current published rates. In-state rates are substantially lower than out-of-state for NM residents.

How do I compare private student loans in New Mexico?

After NM scholarships and federal loans, compare private lenders on APR, repayment, and deferment terms.

Student Loans in New Mexico

New Mexico's Legislative Lottery Scholarship covers tuition at eligible NM public colleges for recent NM high school graduates who enroll full-time immediately after graduation. The Student Incentive Grant adds need-based aid. UNM, NMSU, and New Mexico Tech offer competitive in-state tuition for NM residents.

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