The Second Session of the 57th Legislature

January 2-16, 2026: Legislation may be prefiled
January 20: Opening day (noon)
February 4: Deadline for introduction
February 19: Session ends (noon)
March 11: Legislation not acted upon by governor is pocket vetoed
May 20: Effective date of legislation not a general appropriation bill or a bill carrying an emergency clause or other specified date

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New Mexico senator to propose bill that tackles student loan default rate (SF New Mex)

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New Mexico senator to propose bill that tackles student loan default rate

 

Posted: Monday, November 10, 2014 7:00 pm | Updated: 11:39 am, Tue Nov 11, 2014.

New Mexico senator to propose bill that tackles student loan default rate By Chris Quintana
The New Mexican SantaFeNewMexican.com | 5 comments

New Mexico students struggle more than any other state in paying back their federal student loans, but a New Mexico state senator said he intends to introduce legislation that would help struggling borrowers.

Sen. Jacob Candelaria, D-Albuquerque, said Monday he would like to bring forward the Student Loan Debt Responsible Reduction Act during the 2015 legislative session. The bill, he said, would provide a state-based tax deduction for money spent paying off student loan interest. Candelaria said the deduction would work in tandem with a similar federal plan that helps student repay loans more quickly.

“The federal deduction program has been successful,” Candelaria said. “I think we can build on that success as a state. This problem is getting worse in New Mexico. It makes especially compelling for us to respond to this.”

Read more here: http://www.santafenewmexican.com/news/local_news/new-mexico-senator-to-propose-bill-that-tackles-student-loan/article_d02c8766-cc21-5c33-a779-5d8fdee85087.html