New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 21 - WICHE LOAN-FOR-SERVICE PROGRAM
Section 5.7.21.10 - ADMINISTRATION

Universal Citation: 5 NM Admin Code 5.7.21.10

Current through Register Vol. 35, No. 18, September 24, 2024

The commission shall be responsible for:

A. developing program guidelines;

B. advertising the program;

C. processing applications and presenting a list of eligible candidates to the WICHE commissioners;

D. administering loans, including:

(1) disbursing funds;

(2) keeping records on borrowers and processing of contracts;

(3) administering and keeping record on loan repayments;

(4) maintaining records of location and time of service of those student loan recipients who have completed their education and are providing service in New Mexico;

E. verifying qualifications for forgiveness for service;

F. preparing the following information for the program:

(1) number of loans granted;

(2) names and addresses of borrowers;

(3) names of accredited programs attended; and

(4) names and locations of practice of those who have completed their education and have become licensed/certified service providers in New Mexico.

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