2011 New Mexico Statutes
Chapter 21: State and Private Education Institutions
Article 21: Student Loans, 21-21-1 through 21-21-26
Section 21-21-15: Purpose.
21-21-15. Purpose.
The purpose of the Student Loan Guarantee Act [21-21-14 NMSA 1978] is to establish a student loan guarantee program for post-high school students in accordance with such conditions as the board of educational finance may from time to time prescribe and consistent with Title IV, Part B, of the federal Higher Education Act of 1965, as amended; Title 45, Part 177, of the Code of Federal Regulations; and agreements with the United States commissioner of education pertaining thereto.
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