Bill > HB194

This bill makes the Lottery Tuition Scholarship a full scholarship based on financial need. The key provisions are: 1) The scholarship is now available only to qualified students who demonstrate financial need and meet other eligibility requirements, such as maintaining a minimum GPA and completing a certain number of credit hours per semester. 2) The maximum number of semesters a qualified student can receive the scholarship is reduced from eight to seven. 3) The Lottery Tuition Fund's minimum balance is reduced from $2 million to $1 million. 4) The bill requires students to submit a completed Lottery Tuition Scholarship application or Free Application for Federal Student Aid (FAFSA) annually to be considered for the scholarship. Overall, this bill aims to make the Lottery Tuition Scholarship more need-based and sustainable by targeting the available funds to students who demonstrate financial need.

Labor and Employment

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=194&year=17