Financial assistance for students in education — CNM
In addition to these programs, education students may be eligible for need-based financial aid grants and Pell loans. To learn more about financial aid and scholarships, please visit CNM’s Financial Aid and Scholarships Services.
TEACH scholarships provide financial support for tuition and books, time off from work, and bonuses or raises for early childhood teachers who wish to work toward associate’s, bachelor’s, or college degrees. graduate studies in early childhood education. Scholarships are also available for students in the Alternative Early Childhood Permit Program. Learn more >>
Teacher loan forgiveness
The Teacher Loan Forgiveness Program is a federally funded program that aims to encourage individuals to enter and continue in the teaching profession. To qualify for this program, individuals must teach 5 consecutive years at a school designated as serving low-income families. Federal loan forgiveness occurs for amounts ranging from $5,000 to $17,500 (for high-needs areas such as high school math or science and special education). Learn more >>
Loan for service to teachers
The Teacher Loan-for-Service aims to proactively address the teacher shortage in New Mexico by providing students with the financial resources needed to complete or enhance their post-secondary education readiness training (students with an alternative teaching permit are also eligible). As a condition of each loan, the student must declare their intent to practice as a teacher in the New Mexico public school system. For each year of service, a portion of the loan will be forgiven. If the entire service agreement is met, 100% of the loan is eligible for forgiveness. Penalties may be imposed if the service agreement is not met.