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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.
Loans
The Financial Aid Office at New Mexico Military
Institute is committed to providing educational funding
option to students and parents to fulfill student’s
goals and dreams.
Borrowers must choose their own lender. The NMMI lender
list includes lenders that have been evaluated by the
Financial Aid Office at NMMI using criteria we deem
appropriate and valuable to consider when borrowing a
student loan. You may choose any lender that
participates in the Federal Family Education Loan
Programs, whether they are included on the lender list
or not.
Before making a decision to borrow, students and parents
should review the following guidelines:
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Lenders are evaluated annually to
be included on the lender list.
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NMMI does not receive any
benefits in exchange for placing a lender on the
lender list.
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A student or parent borrower may
select any lender and is not restricted to the
lenders presented on the NMMI lender list. A
borrower should not be directed to any specific
lender by NMMI personnel.
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A student or parent has the right
to cancel their student loan, in part or in full.
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The request for cancellation must
be submitted in writing to the NMMI Financial Aid
Office.
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Lenders may retain the borrower’s
loan while in school and throughout the repayment
period; other lenders may sell loans on the
secondary market. In order to determine which
practice a lender engages in the borrower should
contact the lender.
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Alternative Educational Loans
provide additional educational funding options but
generally have higher, variable interest rates as
well as different repayment terms and options.
Potential borrowers should carefully compare all
loan terms and conditions.
PLUS Loan Information
Stafford Loan
Information
High School Loan Information
Suggested Lender List |
