The purpose of the Nursing Loan-For-Service is to increase the number of nurses in areas of the state which have experienced shortages by making educational loans to students entering nursing programs. As a condition of each loan, the student shall declare his/her intent to practice as a health professional in a designated shortage area within the state of New Mexico. 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. Penalties will be assessed if the service agreement is not satisfied.

Award Information

Award Amount
$12,000
Number of Awards
1
Application Deadline
Not reported
Available to Class Level
Freshmen, Sophomores, Juniors, Seniors
Renewability
Not reported

Eligibility Requirements

Minimum GPA Required
0
Ethnicity/Heritage
None specified
Residency
None specified
Gender
None specified
Religious Affiliation
None specified
Location of College
New Jersey
Area of Study
None specified
Financial Need
Financial need analysis is required

Scholarship Sponsor

Organization
Director, Financial Aid Division
New Mexico Commission on Higher Education
Address
Not reported
City, State, Zip
Not reported, ,
Telephone
(800) 279-9777
E-mail
fin.aid@state.nm.us
Website
Website

Data Source: Peterson’s Private Financial Aid Database, copyright © 2020 Peterson’s LLC. All rights reserved.