New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 32 - NURSE EDUCATOR LOAN-FOR-SERVICE PROGRAM
Section 5.7.32.12 - LOANS
Universal Citation: 5 NM Admin Code 5.7.32.12
Current through Register Vol. 35, No. 18, September 24, 2024
Loans can be made to students to defray expenses incurred while obtaining eligible degree under the following conditions and limitations:
A. The amount may not exceed $7,500 per academic year. The department may set lower maximum award amounts based on the level of degree being obtained and other considerations.
B. Upon approval of the loan, a contract shall be drawn between the student and the department and signed by the student (for additional contract details see 5.7.32.14 NMAC).
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