Copyright © 2019 Albuquerque Journal
Requiring colleges and universities to pump resources into student retention or setting a limit on future tuition increases are possible strategies state officials will consider as they try to make free college a reality in New Mexico.
Gov. Michelle Lujan Grisham last month surprised the top academic officials in the state when she announced plans to create the New Mexico Opportunity Scholarship, which would provide all New Mexicans, regardless of income, with tuition-free college.
The proposed scholarship would work alongside existing financial aid and scholarships, including the Lottery Scholarship, and cover whatever tuition and fees remain for a college-bound student. State higher education officials estimate they can achieve their goal at an annual cost of between $25 million and $35 million a year to help about 50,000 traditional students going to four-year colleges, as well as older adults attending community colleges.