Thinking about college? Concerned because of the rising rates of tuition? Those who are best equipped to pay for college will be looking for alternative ways to loans or even savings accounts. In fact, free money to pay for your college career may be just waiting for you to know where to look! Whether you are a resident of New Mexico or are planning to attend college there, consider these grants and Scholarships in New Mexico to find out if you can pay for your education in ways that don’t have to be paid back.
Scholarships in New Mexico
New Mexico Lottery Scholarships
The Legislation of New Mexico has created scholarships which are funded by the state lottery. Almost 100,000 students in the state have attended college with the help of the New Mexico lottery since its inception in 1996.
The New Mexico Scholars Scholarships encourage high school graduates to become full time students prior to their 21st birthdays. Applicants must be at least 16 years old. The awards given may be used for books, tuition, and other college fees for one academic year and is renewable for up to three more years or until the student graduates. Funds may be used at either a two year or four year institution of higher learning in the State of New Mexico. In order to be eligible, students must graduate from a New Mexico high school in the top 5% of their class or score a 25 on ACT or 1140 on SAT. Financial need is required to be shown based upon family income.
New Mexico Lottery Legislative Scholarships begins the second semester of a full time New Mexico student’s freshman year of college. This is automatically awarded to students who enroll in college the semester immediately following graduation from a New Mexico high school or equivalent. Students must be degree seeking individuals and earn a grade point average of 2.5 or higher. The scholarship may be used for seven total semesters until a bachelor’s degree is earned and the amount for all students is the same at each institution.
The Bridge Scholarship is given to students by the board of regents of each institution. Qualified students are residents of New Mexico and will be enrolled for full time undergraduate study at a qualified college or university. Students must have a minimum GPA of 2.5 to maintain eligibility.
Athletic Scholarships through the New Mexico schools are given in accordance with athletic ability and are allotted for one year at a time with renewable options. These state scholarships are offered at Eastern New Mexico University, New Mexico Highlands University, New Mexico Junior College, New Mexico State University, University of New Mexico, and Western New Mexico University.
The Graduate Scholarship was created to promote under-represented graduate enrollment at New Mexico’s post-secondary schools. Scholarships are given in the amount of up to $7,200 per year to students who are in good academic standing and are NM students who are from groups which have the most severe under-representation. Students will agree to serve in an internship during the academic year.
New Mexico Scholarships
The Los Alamos National Laboratory (LANL) Foundation offers a Leadership Scholarship fund which supports students of Northern New Mexico who pursue four year undergraduate degrees. Eligible students will be intending to pursue fields which will service the region and selections are based upon academics, leadership, career goals, and critical thinking. Other components include financial need, regional representation, and diversity. A total of 73 students received awards totaling over $400,000 in 2014.
Youth in Foster Care is proud to offer college scholarships to students who have participated in the foster care system for at least one year as a New Mexico resident at the time of their 18th birthday. Minimum grade point average requirements are 2.0 for high school or college applicants. Three or more awards are given each year up to $1,000 each, thanks to Jim and Ann Nelson who are Court Appointed Special Advocates.
The Sussman-Miller Educational Assitanace Award Program helps address the “gap” in financial assistance for education. Awards range from $500 to $2,000 and will be given to help those who are attending a non-profit or public college or university in a full time capacity in New Mexico. Qualified students will be federal financial aid recipients and should be either a graduating high school senior or already currently enrolled in university or college.
Finding ways to pay for college is not always easy, but it is certainly worth the effort. Take the time to determine which of these and other Scholarships in New Mexico for which you are eligible and begin preparing to apply during the open application period. You never know what kind of funds you might receive to pay for college which will never have to be paid back!