The purpose of the Teacher Loan for Service Act is to proactively address New Mexico's looming teacher shortage by providing students with the financial means to complete or enhance their post-secondary teacher preparation education.
History: Laws 2001, ch. 288, § 2.
Effective dates. — Laws 2001, ch. 288, § 11 made the Teacher Loan for Service Act effective July 1, 2001.
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 22E - Teacher Loan for Service
Section 21-22E-1 - Short title.
Section 21-22E-3 - Definitions.
Section 21-22E-4 - Teacher student loans authorized; qualifications.
Section 21-22E-5 - Delegation of duties to other state agencies.
Section 21-22E-6 - Teacher loans; contract terms; repayment.
Section 21-22E-7 - Contracts; legal assistance; enforcement.
Section 21-22E-8 - Fund created; method of payment.