575-624-8066    finaid@nmmi.edu    FAX: 575-624-8225
Office: Enrollment & Development Center
Office Hours: Monday-Friday 7:30 a.m. - 4:30 p.m.

PLUS:
Federal (Parent Loan for Undergraduate Students)

New Mexico Military Institute (NMMI)  participates in a “borrower initiated” process allowing the parent to apply and submit the “Federal PLUS Loan Master Promissory Note” directly to the lender. The lender will request loan certification from NMMI electronically.  Parents may borrow up to the cost of attendance (student budget) less any financial aid (including scholarships and any other resources) the student will receive. The PLUS Loan interest rate is fixed at 8.50% for school year 2007-2008. Interest begins accruing on the loan upon disbursement; the PLUS Loan is deferrable while the student is in school. Parents must apply for the PLUS Loan annually and must show satisfactory credit ratings to qualify.

Note:  The PLUS Loan is available for college students only.  Parents of high school students may find assistance through the K-12 Loan options available through various lenders.

 All college students are urged to complete the Free Application for Federal Student Aid (FAFSA). Families are often surprised to learn the student may qualify for more preferable aid programs by completing the FAFSA.

Click here for PLUS loan qualifications.

Ready to Apply for a PLUS Loan Page