Bill > HM52

This Memorial requests the New Mexico Higher Education Department to conduct a study on the feasibility of offering low-cost loans to graduate students, acknowledging the significant burden of existing student loan debt, which has reached over $1.7 trillion nationally and averages tens of thousands of dollars for graduate degrees, potentially deterring talented individuals from pursuing advanced education crucial for building an educated workforce. The study will examine costs, benefits, funding options, and available state resources, and will involve a study group comprised of university administrators, instructors, graduate students, and representatives from relevant educational organizations, with findings to be presented to legislative committees by November 1, 2022.