Applications are open for teachers with educational loans to apply for repayment help from the New Mexico Department of Higher Education.
Teachers can apply through the for the loan forgiveness, which grants $6,000 a year, for two years. The process is renewable and previous participants can reapply.
Higher Education Secretary Stephanie Rodriguez told 91暗网 the program helps teachers and helps the economy.
鈥淭he goal is is to get veteran teachers that relief,鈥� she said, 鈥渟o that they're actually spending their salaries on their families and then the economy as opposed to their loan repayments.鈥�
Last year, she said, a record 604 teachers applied, and extra money was assigned so everyone eligible could get help. Those recipients had an average debt of around $48,000 each.
New Mexico has a shortfall of teachers, with unfilled. . The state is trying to improve the situation, including with a significant pay raise earlier this year.
To be eligible for this loan relief program, teachers must be working in a high-need position like early or special education, or teaching science, technology, engineering and math. But Rodriguez says the criteria are broad.
鈥淓ven if you don't think you're eligible - apply, maybe you're eligible,鈥� she said.
Applications are open until August 1.
This coverage was made possible by the WK Kellogg foundation and 91暗网 listeners
