New Mexico State University participates in the William D. Ford
Federal Direct Loan Program. Loans made through this program,
and the program itself, are referred to as Direct Loans.
Eligible students and parents borrow directly from the U.S.
Department of Education at participating schools. Direct Loans
include Subsidized and Unsubsidized Direct Loans (also known as
Direct Subsidized Loans and Direct Unsubsidized Loans), Direct
PLUS Loans, and Direct Consolidation Loans. You repay these
loans directly to the US Department of Education. Student loans,
unlike grants and work-study, are borrowed money that must be
repaid, with interest, just like car loans and home mortgages.
You cannot have these loans canceled because you didn’t like the
education you received, didn’t get a job in your field of study
or because you’re having financial difficulty. Loans are legal
obligations, so before you take out a student loan, think about
the amount you’ll have to repay over the years and review your
borrower rights and re