N.M. Stat. ยง 21-21I-3
ยง 21-21I-3. Definitions
Year: 2026Length: 153 words
As used in the Minority Doctoral Loan Repayment Assistance Act:
A. โ department โ means the higher education department;
B. โ eligible institution โ means an accredited institution of higher education that offers a doctoral degree-granting program in the fields of engineering, physical or life sciences, mathematics or other academic disciplines in which ethnic minorities or women are demonstrably underrepresented;
C. โ loan โ means a grant of money pursuant to a contract between a recipient and a lender requiring repayment of principal with interest. A lender may include the federal government, a bank or the state; and
D. โ recipient โ means an individual who is a member of an ethnic minority or is a woman and who has successfully completed a doctoral degree-granting program at an eligible institution in the field of engineering, physical or life sciences or mathematics or another academic discipline in which ethnic minorities or women are underrepresented.