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As New Mexico high school students prepare to graduate and take that next step forward in their academic career, the question dares to be raised, how do I afford college? Thanks to Direct Loan programs, students can relax a little when it comes to financing their higher education.

The Stafford loan program is available to all students who plan to attend an accredited school or university at least-half time. Whether you intend on seeking a degree at San Juan College or New Mexico Junior College, a Stafford loan is available to you.

   Alternative Student Loans for College Education


New Mexico College Loan Financing

New Mexico Student Loans


  • AMS Education Loan Trust (833067) - Swansea, MA. 800-637-3060. (Federal Stafford Loans, PLUS loans for parents
  • Bank of America (806746) - Brea, CA. 800-344-8382. (Stafford loans, PLUS loans)
  • Bankers Fidelity Life Insurance Co. (827057) - Atlanta, GA. 404-266-5703. (Stafford, PLUS)
  • MBNA America (Delaware) N.A. (833772) - Wilmington, DE. 888-272-5543. (Federal Stafford, PLUS)
  • Texas Independent Bank (831122) - Irving, TX. 800-288-4842 or 800-343-5904. Stafford, PLUS loans

Visit our page of all school lenders.

New Mexico Student Loans

The Stafford loan program is backed by the U.S. Department of Education. Borrowers must first fill out a Free Application for Federal Student Aid (FAFSA) to receive a loan. As a bonus, New Mexico students who demonstrate financial need may also be awarded a state or federal loan when applying for their loan. In some cases, for those who apply directly after the first of the year, you can receive both grants.

Borrowers must have U.S. citizenship and maintain satisfactory academic performance to qualify for a student loan. Loans are applied for on an annual basis and increase each year. Both undergraduate and graduate students can borrow money for school. Depending on financial need, borrowers may also qualify for a subsidized loan.

Through the Department of Education PLUS Loan program, parents can also qualify for a loan so they may assist with funding their child's college tuition, room and board and other associated fees. PLUS Loans do require credit approval and, unlike the Stafford loans, repayment starts 30 to 60 days after the money has been dispersed.

Finally, students can apply for a loan through a private agency. This option often helps to cover educational expenses not paid for by grants, scholarships or Direct Loans.


Additional New Mexico educational information:
Executive Director, Commission on Higher Education
1068 Cerrillos Road
Santa Fe, NM 87501-4295
(505) 827-7383

Copyright 2014



New Mexico State University system & University of New Mexico student loans for college. Students enrolled in 2-year community colleges and trade schools are  eligible for financing as well..

We urge students and parents to take their time and review all lenders listed on this site before you apply for student loans. Be prepared and have your education finances in order.