The New Mexico Opportunity Scholarship

An educated workforce is essential to economic growth in New Mexico yet the state lags behind our neighbors in the percentage of college graduates per capita. For many New Mexicans, the prohibitive costs keep college out of reach.

Governor Michelle Lujan Grisham is removing the barrier by making college essentially free to eligible New Mexico residents. The New Mexico Opportunity Scholarship would contribute toward expenses for tuition and fees for students to attend a New Mexico public institution of higher education.

Eligibility Criteria For Students

Student Must

  • Be a resident of New Mexico
  • Maintain at least a 2.5 GPA
  • Maintain full-time enrollment (12 student credit hours per semester)
  • Be at least 18 years of age or eligible to receive the NM Legislative Lottery Scholarship
  • Complete a FAFSA or other income verification
  • Enroll in a 2-year program, such as an associate degree program or a credit-bearing certificate program, at a 2-year or 4-year, NM public, post-secondary institution of higher education

 

 

Highlights

  • The Opportunity Scholarship makes strides toward restoring the promise of the Lottery Scholarship by providing tuition and fee assistance for in-state residents enrolled in 2-year programs.
  • The scholarship benefits those seeking associates’ degrees or credit-bearing, certificate programs.
  • The Opportunity Scholarship is a prudent and sustainable investment in our economic future. People with college degrees are 24 percent more likely to be employed and almost twice as likely to buy homes.
  • The scholarship will also contribute to non-economic measures of well-being. College graduates report being happier, healthier, and enjoying a higher quality of life than those with a high school education or less. They are twice as likely to do volunteer work and 3.5 times more likely to make charitable contributions.

Expected Outcomes

  • Increased access to higher education and the workforce.