The objective and purpose of 5 NMAC 7.21 [now 5.7.21 NMAC] is to make educational loans available to students wishing to participate in student exchange and enroll at an out-of-state university. The act requires, as a condition of each loan, that the student declare his or her intent to return to New Mexico upon degree completion and practice in their licensed or chosen field.
N.M. Admin. Code § 5.7.21.6