In New Mexico’s recent legislative meeting our governor, Michelle Lujan Grisham, proposed a plan that will make college tuition free for in-state residents.
The Opportunity Scholarship?
“The Opportunity Scholarship would be available to all New Mexico residents regardless of income,” said New Mexico’s Governor. The proposed scholarship can cover the remaining fees that are not covered by other awards that the state offers.
Who Will It Help?
According to Carmen Lopez-Wilson, deputy secretary of the state’s higher education department. The Opportunity Scholarship will be available to recent high school graduates, GED earners and returning adults, as well as undocumented students. Adults who previously enrolled in college can return under the scholarship while attending college part-time, other students are expected to enroll full-time. Students must also maintain a GPA of 2.5.
What if you don’t live in New Mexico?
The Opportunity Scholarship would only be available to New Mexico residents, but have hope because it isn’t the only college in The United States that offers free tuition to its in state residents. Other scholarships include New York’s Excelsior Scholarship and Tennessee’s two-year, tuition-free community colleges.
What if you already have student loans?
If you already own student loans then their fees must be paid, but financial consultation will be provided to these students along with information and aid to several sites that help students with their payments such as Student Loan Refinancing, Student Loan Consolidation, Income-Driven Repayment Plans, and Student Loan Forgiveness.
How would New Mexico intend to pay for the program? If New Mexico’s Legislative branch decides to appropriate funds for the proposal then it will be paid with New Mexico’s general fund. With New Mexico showing growth in it’s gas and oil industries then its state revenue will grow, providing the ability to pay for more programs like The Opportunity Scholarship. The New Mexico Legislative Branch has estimated the cost for this program to be at $25 to $35 million, which Lopez-Wilson called a “very realistic estimate.” estimate