New Mexico Governor Michelle Lujan Grisham signed Senate Bill 159 this week, establishing a nearly $1 billion taxpayer-funded trust and a scholarship program fund to fund tuition-free college in New Mexico.
The Fund “will make it possible for state financial aid programs, including the Opportunity and Lottery Scholarships, to continue supporting full tuition for eligible students even in years when less state funding is available,” a release said.
Since the Opportunity Scholarship program began, college enrollment in New Mexico has increased by over 7%.
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