The Minority Doctoral Loan Repayment Assistance Program provides educational loan repayment assistance to eligible faculty employed within New Mexico’s public colleges and universities.
The purpose of the Minority Doctoral Loan Repayment Assistance Program is to increase the number of ethnic minorities and women available to teach engineering, physical or life sciences, mathematics and other academic disciplines in which ethnic minorities and women are demonstrably underrepresented in New Mexico’s colleges and universities.
To be considered for funding an applicant must:
*Tenure track faculty position means a full-time faculty appointment at a public postsecondary educational institution that has passed any probationary period and can be terminated only for cause or under extraordinary circumstances, as determined by the institution. Recipients who have completed their probationary period and serve an additional year in a tenure track faculty position shall receive credit for one year for the purpose of calculating any loan repayment award amounts.
The Minority Doctoral Loan Repayment Assistance Program application will open October 1, 2023. The application will close on November 1, 2023.
The application is available at the bottom of the page October 1, 2023-November 1, 2023.
Preference shall be given applicants who have completed a postsecondary degree at the following institutions:
Applications will be scored on a variety of criteria including but not limited to, public postsecondary institution served, eligible doctoral field of study, total loan indebtedness, years of service in a tenure track faculty position, and prior loan repayment or other financial support received.
The maximum annual award is $25,000, however the actual award amount will be determined based on the applicant's overall reported educational debt at the time of application and available funding for the program. Participants may apply for renewal up to four years.
The recipient shall sign a contract agreeing to teach in a full-time faculty position at a public college or university in New Mexico for a minimum of one year for each year a minority doctoral loan repayment assistance grant is awarded. If the recipient does not comply with the terms of the contract, the recipient shall reimburse the New Mexico Higher Education Department (NMHED) for all loan payments made on the recipient’s behalf, plus reasonable interest at a rate to be determined by the NMHED, unless acceptable extenuating circumstances are found for why the recipient cannot comply with the terms of the contract.
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