N.M. Code R. § 5.7.3.13
The following educational debts are not eligible for repayment under this program:
C. personal loans from friends, relatives and other family members, loans which exceed individual standard school expense levels; the committee may consider cases of extenuating circumstances.
[7/15/1998; 5.7.3.13 NMAC - Rn & A, 5 NMAC 7.3.13, 7/31/2005]