The purpose of the Teacher Loan Repayment Program (TLRP) is to increase the number of teachers in designated high-need teacher positions in public schools through an educational loan repayment program. The program provides for repayment of the principal and reasonable interest accrued on loans obtained from the federal government for teacher education purposes.
Must be a teacher who is currently teaching in one of the following High-need positions:
Have an endorsement and currently teaching bilingual education;
Have an endorsement and currently teaching early childhood education or special education;
Have an endorsement and currently teaching science, technology, engineering, mathematics or career technical education courses; or
Teaching in a low performing school which serves a high percentage of economically disadvantaged students (40% or more of the students receive free & reduced lunch)
General Eligibility Requirements
Bona fide citizen of the United States;
Bona fide New Mexico resident (12 consecutive months);
Licensed New Mexico teacher;
Have taught at least three years in New Mexico;
Preference is given to graduates of New Mexico public post-secondary institutions;
Currently teaching in one of the high-need teacher positions listed above (minority teachers filling a high need position are given preference).
The application opens every year on June 1st and closes promptly on August 1st.
https://hed.nm.gov/financial-aid/loan-repayment-programs/teacher
Back in the day, one got gradual student loan forgiveness for doing any kind of teaching—even in a university.
I financed my undergraduate MIT education with a combination of scholarships, loans, and jobs. (My Harvard graduate education was all paid for by fellowships.)
Eventually, I ended up in a university faculty position—teaching and research. Because of my teaching, I received gradual forgiveness of my MIT student loans, until they were all paid off.
At least one can still get loan repayments for “ teaching science, technology, engineering, mathematics or career technical education courses”. But that probably does not include university teaching.