New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 13 - TEACHER LOAN-FOR-SERVICE ACT
Section 5.7.13.11 - RESPONSIBILITIES OF THE DEPARTMENT
Universal Citation: 5 NM Admin Code 5.7.13.11
Current through Register Vol. 35, No. 6, March 26, 2024
A. develop program guidelines;
B. advertise the program;
C. process applications, and present a list of eligible candidates to the committee;
D. administer the loans, including:
(1) disbursing funds;
(2) keeping records on borrowers and
processing of contracts;
(3)
administration of and record keeping on loan repayments;
(4) record keeping on location and time of
service of those student loan recipients who have completed their education and
are providing teaching service in a designated shortage area in New
Mexico;
(5) verification of
qualification for forgiveness for service as defined in 5.7.13.13 NMAC;
and
(6) preparing the following
information for the teacher loan-for-service program:
(a) number of loans granted;
(b) names and addresses of
borrowers;
(c) names of accredited
programs attended; and
(d) names
and locations of practice of those who have completed their education and have
become public school teachers in New Mexico.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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