New Mexico Military Institute

In order to defer the initial costs associated with the first semester at the New Mexico Military Institute candidates may consider submitting a Free Application for Federal Student Aid (FAFSA). This is a program administered by the Federal Government and Department of Education in an attempt to assist students with college-related expenses. The program consists of grant and loan options based on family income. Even if the family income is substantial cadets may still be eligible for student and/or parent loan options. Student loans are deferrable while enrolled in college at least half time with repayment expected to begin six months after graduation or termination of enrollment. Visit www.fafsa.ed.gov for more information or to apply on-line. Contact Deborah Arnold at (575) 624-8066

NMMI also offers institutional scholarship opportunities to those that qualify. Visit http://www.nmmi.edu/FinancialAid/scholarshiplisting.htm for a complete listing. You can also contact Candy Mundy at (575) 624-8174.

If a loan option is needed while enrolled at NMMI to assist with educational expenses, upon graduation and commissioning a new lieutenant will have a student loan burden considerably smaller than other college students. With proper planning; it is very likely that these young officers can apply a portion of their monthly Battle Assembly Pay to reduce the debt.

In addition, many of our Lieutenants do not go to Active Duty. Instead, they serve in a ARNG or USAR unit. There are many opportunities for Guard/Reserve Officers to work for the Federal Government.

Reference:

http://www.cpms.osd.mil/fas/classification/pay_student_loan.aspx

http://www.opm.gov/oca/pay/studentloan/HTML/QandAs.asp

These positions include Student Loan Repayment as part of the employee benefits package.