LOAN FORGIVENESS MULTIPLIER ACT
HB 69 establishes a 4.35-hour multiplier for teaching hours worked by adjunct and contingent faculty at New Mexico public colleges when applying for federal student loan forgiveness. This means each actual teaching hour counts as 4.35 hours toward the 120-month requirement, helping part-time faculty qualify more easily. The bill requires colleges to certify employment for eligible staff without delay and provide clear information about the program. It applies to hours worked on or after October 1, 2007, and does not change actual work hours or payment.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Feb 2025
Senate Passage
Mar 2025
Signed into Law
Apr 2025
Introduced Jan 9, 2025
Signed Apr 9, 2025
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What changed between versions
introduced version
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Final Version
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4 edits
MODERATE
This bill adds a multiplier to the hours adjunct and contingent faculty can count toward Public Service Loan Forgiveness (PSLF), allowing them to earn credit for 4.35 hours of work for every 1 hour taught. It also clarifies how full-time status is determined for these educators and establishes procedures for certifying their employment directly with the federal government.
Scope change
The bill expands eligibility for PSLF credit to adjunct and contingent faculty at New Mexico post-secondary institutions by allowing them to count additional hours toward the 120 payments required for forgiveness.
ELIGIBILITY
Adjunct and contingent faculty members can now have their hours multiplied by 4.35 when certifying employment for PSLF, significantly increasing the amount of time they can count toward loan forgiveness.
DEFINITION
New definitions clarify what constitutes 'full-time' employment (30 hours/week or 8 months/year) and establish specific rules for counting hours for adjunct and contingent faculty.
REQUIREMENT
Public service employers must adopt policies to maximize the amount of time employees can be considered full-time and must certify employment for both current/former employees who request it and those ending employment.
TECHNICAL
The bill allows public service employers to directly share employment data with the U.S. Department of Education for PSLF certification purposes.
Floor votes · Senate Mar 20, 2025 · House Feb 26, 2025
How they voted
39–0
Passed · 1 other
Total votes 40
Mar 20, 2025
D
Democratic24
95% Yea
R
Republican16
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
7
Committee
4
Apr 9, 2025
Signed into law
Signed
executive
Mar 20, 2025
Upper · Passed
passed Senate
upper
Mar 6, 2025
Upper · Passed
DO PASS committee report adopted
upper
Mar 3, 2025
Upper · Passed
DO PASS committee report adopted
upper
Feb 26, 2025
Introduced
Sent to Senate Education Committee & Senate Finance Committee
upper
Feb 26, 2025
Lower · Passed
passed House
lower
Feb 19, 2025
Lower · Passed
DO PASS committee report adopted
lower
Feb 3, 2025
Lower · Passed
DO PASS committee report adopted
lower
Jan 23, 2025
Introduced
Sent to House Government, Elections and Indian Affairs Committee & House Education Committee
lower
Jan 9, 2025
Introduced
Sent to House Pre-file
lower
2 primary · 0 co-sponsors
Sponsors
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