Loan Repayment

If you are a nursing graduate and have a passion to serve those who need you most, we have the loan repayment program for you. The loan repayment programs are designed for registered nurses, advanced practice nurses and doctoral researchers. We have opportunities for nurses who are ready to care for the underserved and improve health care in New Mexico and beyond.

The application processes are competitive and often require that you work in approved areas in order to receive loan repayment. If you are accepted into a program, review your service obligations and program requirements in great detail prior to accepting funding.

Learn more about the programs and apply to the one that is right for you.

Undergraduate Student Loan Repayment

This program funds Indian Health Service (IHS) clinicians to repay their eligible health profession education loans—up to $40,000—in exchange for an initial 2-year service commitment to practice in health facilities serving American Indian and Alaska Native communities. Opportunities are based on IHS facilities with the greatest staffing needs in specific health profession disciplines. As a Loan Repayment Program (LRP) participant, you are eligible to extend your contract annually until your qualified student debt is paid.

This LRP is available to BSN and advanced practice nurses. Learn more at https://www.ihs.gov/loanrepayment/ 

NURSECORPS offers registered nurses substantial assistance to repay educational loans in exchange for service in eligible facilities located in areas experiencing a shortage of nurses. Authorized by Section 846 of the Public Health Service Act (as amended), the purpose of the Nursing Education Loan Repayment Program (NELRP) is to assist in the recruitment and retention of professional nurses dedicated to providing health care to underserved populations.

This loan repayment program is available to licensed RNs, advanced practice nurses and nurse faculty. Learn more at https://bhw.hrsa.gov/loans-scholarships 

Graduate Student Loan Repayment

The National Health Service Corps (NHSC) Loan Repayment Program (LRP) offers primary care providers (NPs/Midwives) the opportunity to have their student loans repaid, while earning a competitive salary, in exchange for providing health care in urban, rural or tribal communities with limited access to care. 

Learn more at https://nhsc.hrsa.gov/loan-repayment/index.html 

The purpose of this program is to provide repayment for outstanding student loans of practicing health professionals. As a condition of the program, recipients must make a 2-year service commitment to practice full time in a designated medical shortage area in New Mexico.

Learn more at https://hed.state.nm.us/financial-aid/loan-repayment-programs/health-professional 

This program funds Indian Health Service (IHS) clinicians to repay their eligible health profession education loans—up to $40,000—in exchange for an initial 2-year service commitment to practice in health facilities serving American Indian and Alaska Native communities. Opportunities are based on IHS facilities with the greatest staffing needs in specific health profession disciplines. As a Loan Repayment Program (LRP) participant, you are eligible to extend your contract annually until your qualified student debt is paid.

This LRP is available to BSN and advanced practice nurses. Learn more at https://www.ihs.gov/loanrepayment/ 

In exchange for a 2-year research commitment, the National Institutes of Health (NIH) Loan Repayment Programs (LRPs) will repay up to $70,000 in eligible student loan debt to researchers and health professionals conducting qualifying research funded by domestic nonprofit or government organizations. If you have questions about the application process, please contact their Information Center, Monday-Friday, from 9:00 a.m.-5:00 p.m., EST. They can be reached by phone at 866-849-4047 and by email at lrp@nih.gov.

This loan repayment program is available only to PhD graduates. Learn more at https://www.lrp.nih.gov/ 

U.S. Department of Health and Human Services–Nursing Education Loan Repayment Program (NELRP) and NURSECORPS 

NURSECORPS offers registered nurses substantial assistance to repay educational loans in exchange for service in eligible facilities located in areas experiencing a shortage of nurses. Authorized by Section 846 of the Public Health Service Act (as amended), the purpose of NELRP is to assist in the recruitment and retention of professional nurses dedicated to providing health care to underserved populations.

This loan repayment program is available to licensed RNs, advanced practice nurses and nurse faculty. Learn more at https://bhw.hrsa.gov/loans-scholarships