Medical Loan-For-Service

Medical Loan-For-Service

The purpose of the Medical Loan-For-Service is to increase the number of physicians in the state which have experienced shortages of health professionals by making educational loans to students entering medical school.
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.

  • New Mexico Resident (12 consecutive months);
  • Official acceptance into a medical school within New Mexico;
  • Enrolled at least half-time;
  • Demonstrate financial need (meeting all FAFSA & SAP requirements);
  • Student must declare his/her intent to practice as a health professional in a designated shortage area within the state of New Mexico.
How To Apply
  • Student shall complete the FAFSA;
  • Complete the Loan-For-Service Application;
  • Submit the complete application packet to the New Mexico Higher Education Department via email;
  • Current program recipients will need to apply each year for funding.
When To Apply

The application opens every year on May 15th and closes on July 1st.

Where To Apply

The application will be available below starting May 15th and will be removed from the page on the closing date of July 1st.


The award is for a period of one year but may be renewable for up for four years upon resubmission of an application each year.


The award is based on financial need of the student. The award may not exceed $25,000.00 per year.

Shortage Areas in New Mexico
  • Community Health Centers;
  • Federally Qualified Health Centers;
  • Homeless Healthcare Centers;
  • Indian Health Services;
  • Migrant Health Centers;
  • Non-profit centers/clinics – 501 (c ) 3 IRS verification must be provided;
  • Non-profit Hospitals – 501 ( c) 3 IRS verification must be provided;
  • Rural Health Clinics.

The Medical Loan-For-Service Program Application has CLOSED

Please click on the link to the right of the page

Application will open at 8:00AM on May 15, 2024

*Please download the Institution Certification Form (link below) for the Financial Aid Office at your institution to complete. Please upload the completed signed form to your electronic application. Please ensure the form is provided to the Financial Aid Office in a timely manner to ensure completion before the application deadline date.




You will be required to upload the following documents to your electronic application:
  • Essay (Typed, Minimum of 400 words, 500 Maximum)
  • Program Letter of Acceptance
  • Most Current Unofficial Academic Transcript
  • Copy of Driver’s License or Government ID
  • Institution Certification Form (completed by your financial aid office at your institution)

* Emailed documents will NOT be accepted. 


Applicants will need to create a new account and password each year.

Once an application is submitted, you may not make any edits or add additional documents.

Please ensure your information is correct prior to submission. 


Please email any questions to 

NMHED, Financial Aid Division Contact Information
Phone: 1-800-279-9777

CONTACT US: If you require additional guidance on how to direct your question or are not able to locate the information you are looking for on the New Mexico Higher Education Department's website, please send us a message.