Section 21-22E-4 - Teacher student loans authorized; qualifications. - New Mexico Statutes

21-22E-4. Teacher student loans authorized; qualifications.

A.     The commission may grant a loan to a student deemed qualified by the commission upon such terms and conditions as may be imposed by rule of the commission.   

B.     The commission shall only receive, pass upon and allow or disallow an application for a loan made by a student who declares his intent to serve as a public school teacher in a designated teacher shortage area of New Mexico. Teacher shortage areas may be either geographic or discipline specific.   

C.     The commission shall make a full and careful investigation of the ability and qualifications of each applicant to become a recipient of a loan. The commission shall give preference to qualified applicants who demonstrate financial need.   

D.     The commission and the state department of public education shall arrange for loan recipients to receive assistance in locating employment with public schools in New Mexico.