SANTA FE (KRQE) – At this point, the legislature has not come up with a solution to save the lottery scholarship program and time is running out.
“If nothing happens in this session, then we can be 100 percent sure that every single student is affected,” said Issac Romero, ASUNM president.
On Monday, UNM students came together to talk about what they need to do to push lawmakers to do something to fix the program.
The lottery scholarship fund has become insolvent, meaning there is more money going out than coming in.
There has been a lot of disagreement about the way to fix the program.
Right now, there are a number of bills being proposed in the legislature. Some would increase the required GPA, others would cut funding for every student. Right now, the scholarships cover full tuition for recipients.
Lawmakers have until Thursday to figure out a solution. The only bill that has made significant progress this session is a bill that would take the money in the scholarship fund and evenly distribute it among all recipients.
It passed the House and is now being considered by the Senate.
There is also $11 million in the budget set aside to help the program this year, but until lawmakers can come up with a permanent fix, but it’s only a Band-Aid.