Bill > HB89

This bill modifies the Graduate Scholarship Act to update and clarify provisions for graduate student scholarships in New Mexico. The bill refines definitions related to the scholarship program, including specifying eligible institutions as graduate-degree-granting state universities and defining groups underrepresented in graduate education to include women, minorities, persons with physical disabilities, and other traditionally underrepresented groups. Eligibility requirements are adjusted to prioritize New Mexico residents with financial need and those from underrepresented groups, with students needing to maintain a 3.0 GPA, be enrolled in at least six credit hours of graduate study, and meet admission requirements. The scholarship can be awarded for up to eight semesters or until the student receives a terminal degree, with awards covering up to 100% of tuition and fees, but funded one semester at a time. The scholarship can be terminated if the student withdraws, fails to maintain academic standards, or substantially fails to comply with program rules. These changes aim to provide more targeted support for graduate students in New Mexico, with a focus on accessibility and academic achievement. The bill is set to become effective on July 1, 2025.

Business and Industry, Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=89&year=25