{"id":2201016,"date":"2024-03-18T08:10:03","date_gmt":"2024-03-18T12:10:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-mexico-governor-signs-nearly-1-billion-college-trust-fund-into-law\/"},"modified":"2024-03-18T08:15:09","modified_gmt":"2024-03-18T12:15:09","slug":"new-mexico-governor-signs-nearly-1-billion-college-trust-fund-into-law","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-mexico-governor-signs-nearly-1-billion-college-trust-fund-into-law\/","title":{"rendered":"New Mexico Governor Enacts $1 Billion College Trust Fund Legislation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-mexico-governor-signs-nearly-1-billion-college-trust-fund-into-law%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2201016&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>New Chapter for New Mexico: The Dawn \u2062of Tuition-Free College<\/h2>\n<p>Imagine a \u2062future where college \u2063degrees\u2064 are within \u2064reach for every aspiring student\u200c in New Mexico\u2014without \u200bthe burden of tuition fees. This week, that future got closer\u200c to reality when <strong>Governor\u2064 Michelle Lujan Grisham signed Senate Bill 159<\/strong>, ushering in an era of greater educational accessibility with a <strong>nearly $1 billion<\/strong> trust.<\/p>\n<blockquote><p>\u201cBy creating this\u200b fund, New Mexico is keeping our original promise of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/can-an-employer-mandate-a-covid-19-vaccination\/\" title=\"Can An Employer Mandate A COVID-19 Vaccination?\">tuition-free college<\/a> for\u2063 residents and cementing our status as the nation\u2019s leader for college equity\u2062 and access,\u201d\u2064 Governor\u2062 Lujan Grisham stated.<\/p><\/blockquote>\n<p><em>New Mexico is\u200b trailblazing a path, becoming the first\u200b state to establish trust \u200cfunds for both early childhood and\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-committee-has-grave-concerns-over-uc-berkeleys-china-ties\/\" title=\"House committee concerned about UC Berkeley's China connections.\">higher\u2064 education<\/a>.<\/em><\/p>\n<h3>The Pillars of Progress: Tax Stabilization Reserve and Higher Education Trust Fund<\/h3>\n<p>The newly-minted <strong>Higher\u2064 Education Trust Fund<\/strong>, supported by the Tax Stabilization Reserve, is poised to be a game-changer. \u2062It ensures that even when state\u200c funding wavers, scholarships like the Opportunity and Lottery Scholarships will \u200dstill <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/princeton-makes-tuition-free-for-most-households-under-100000\/\" title=\"Princeton makes tuition free for most households under 0,000\">cover full tuition<\/a> for qualified students. This fund \u2064acts\u200d as an educational \u2064lifeline, injecting <strong>$959 million in initial funding and yielding<\/strong> \u2062 approximately <strong>$47.95 million<\/strong> \u200dfor\u200c educational pursuits in the fiscal year 2025.<\/p>\n<p><strong>New Mexico now boasts\u200b the largest \u2064higher\u200c education trust fund in the US<\/strong>. It&#8217;s a monumental \u2063step forward\u2014ensuring generations to\u2064 come will have access\u200d to higher education, bolstering\u200d the state&#8217;s economic strength.<\/p>\n<blockquote><p>&#8220;The Higher Education \u200bTrust Fund will make it possible \u2063for New\u2064 Mexicans \u200bto continue to go to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-unveil-massive-3-5-trillion-budget-plan-that-includes-universal-pre-k-free-college-and-environmental-justice\/\" title=\"Democrats Unveil Massive .5 Trillion Budget Plan That Includes Universal Pre-K, Free College, And \u2018Environmental Justice\u2019\">college tuition-free<\/a> for years, enriching our workforce and securing the \u200bfuture for countless families,&#8221; voiced \u200dSenator Pete Campos, \u2064the bill&#8217;s champion.<\/p><\/blockquote>\n<h3>A\u200d Legacy\u2063 of Learning: Opportunity Scholarship Act<\/h3>\n<p>In 2022, Governor Lujan Grisham signed the Opportunity Scholarship Act, a promise made real \u200bfor myriad\u200b New Mexicans via $162 million earmarked for 2025. Today, over <strong>42,000 New\u200c Mexicans have their tuition covered<\/strong>. This investment has sparked a surge in enrollment \u2064for short-term career training\u2014up <strong>39%<\/strong>\u2014and\u200c those\u2063 with scholarships are <strong>8% more likely to persist in their education.<\/strong><\/p>\n<p>Among these\u200d scholars, there&#8217;s a striking trend: they \u200dare predominantly Hispanic,\u200b female,\u2063 from\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-to-give-10-billion-to-schools-for-covid-testing\/\" title=\"Biden Administration To Give  Billion To Schools For COVID Testing\">low-income backgrounds<\/a>, and under 24. Since the inception of the scholarship program, college enrollment in New Mexico\u200d has \u2063leaped by over <strong>7%<\/strong>.<\/p>\n<h3>The Lottery Scholarship: A Winning Educational Bet<\/h3>\n<p>New Mexico&#8217;s Lottery Scholarship, established in 1996, has been another cornerstone, covering full\u2062 tuition for \u2064approximately \u200c <strong>10,000 students<\/strong> each year.\u200c Notably,\u200b <strong>86% of recipients who \u2064benefit for six semesters<\/strong> walk away with \u200da \u200bdegree or certification.<\/p>\n<p>Dreaming of jumping into this educational utopia? Discover \u200bthe details on eligibility for the Opportunity and Lottery Scholarships \u200cat \u2062 <a href=\"http:\/\/reachhighernm.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>reachhighernm.com<\/strong><\/a>.<\/p>\n<p>As New Mexico \u200dembarks on this empowering educational journey, \u2062it stands\u2063 as an exemplar of a \u2062state deeply invested\u2063 in the future of its youth, its workforce, and the enduring value of education\u200d for all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Mexico Governor Michelle Lujan Grisham has approved the creation of a $1 billion fund to ensure residents can attend college tuition-free, reinforcing the state\u2019s commitment to accessible higher education<\/p>\n","protected":false},"author":2838,"featured_media":2201017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP23148611373245-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2201016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP23148611373245-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2838"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2201016"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2201017"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2201016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2201016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2201016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}