New Mexico Educational Assistance Foundation

New Mexico Educational Assistance Foundation (NMEAF) is a New Mexico-based non-profit organization that has been assisting students and families with higher education financing for over 40 years. Established to help navigate the complexities of paying for college, NMEAF offers a range of services centered around student loans and financial aid guidance. They are notably the oldest New Mexico-based non-profit issuing private student loans.

NMEAF distinguishes itself by providing direct fixed-rate private student loans, complemented by comprehensive support for understanding federal aid. They actively host FAFSA Workshops throughout New Mexico, empowering attendees with knowledge and offering scholarship opportunities. Their focus extends beyond merely lending, aiming to educate and guide students and their cosigners through responsible borrowing.

The foundation plays a crucial role in the state's educational ecosystem, with its operations supported by the issuance of student loan bonds. Committed to transparency and student welfare, NMEAF advises borrowers on avoiding scams and provides free assistance for federal student loan repayment plans, setting them apart from larger national banks through personalized, local service.