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Scholarships

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Scholarship Opportunities

NM LOTTERY SCHOLARSHIP CHANGES

SB 347 IS THE NEW LOTTERY SCHOLARSHIP BILL

• Senate Bill 347 (SB 347) PASSED with a HOUSE AMENDMENT during the 2014 Legislative Session; this means that both the Senators and the Representatives came to an agreement on this bill

• Because SB 347 PASSED and has now been signed by the Governor, there are IMPORTANT CHANGES that students, families, and staff need to be aware of

• Becoming AWARE of the NEW requirements will help you best prepare so you can ATTAIN and KEEP the Lottery Scholarship while you are in college

• REMEMBER that there are many programs that can HELP you while in college; seek SUPPORT so that you can KEEP the Lottery Scholarship and GRADUATE 

 

WHAT STUDENTS NEED TO KNOW:

FOUR YEAR INSTITUTIONS:

• Students must now take 15 credit hours per semester and must maintain at least a 2.5 GPA every semester to continue to be eligible

• If you maintain eligibility, you can receive the Lottery Scholarship for 7 semesters for 4 year institutions

 

TWO YEAR INSTITUTIONS:

• Students must take 12 credit hours per semester and must maintain at least a 2.5 GPA every semester to continue to be eligible

• If you maintain eligibility, you can receive the Lottery Scholarship for 3 semesters for 2 year institutions

 

TUITION HAS BEEN “DECOUPLED”

The Lottery Scholarship has now been “decoupled” from tuition. This means that all students who qualify for the Lottery Scholarship will now receive “a uniform percentage of the average of in-state tuition costs charged by:

 1) Research institutions for each research institution; 

 2) Comprehensive institutions for each comprehensive institution; and

 3) Community colleges for each community college."

In other words, the Lottery Scholarship no longer automatically covers 100% of tuition; the amount you receive will depend on the total amount of revenues available; the total amount of qualifying students, and the institute you are attending.