New Mexico Higher Education Department outlines budget priorities for FY23 – Carlsbad Current Argus

The New Mexico Higher Education Department (HED) announced its budget priorities for the 2023 fiscal year on Sept. 2, which aims to improve education in the state through free college, student loan assistance for teachers and investments in adult education.

“Our agency and Gov. Lujan Grisham are committed to ensuring that every higher education dollar is used to sustain and expand programs that provide all New Mexicans with the opportunity to earn an education for free and get the training necessary to support a healthy workforce and the state’s economy,” said the HED’s Acting Secretary Stephanie Rodriguez in the announcement. “We are dedicated to investing in free college in addition to supporting New Mexico’s teachers and programs that provide pathways to college and careers for adult learners, both of which are crucial to uplifting our citizens and state.” 

Here is what the HED is proposing:

  • $48 million for the Opportunity Scholarship, which could provide free college to 25,000 to 35,000 students.
  • $11.5 million for adult education and literacy programs.
  • $5.2 million for agency operations and general costs.
  • $3 million for the state’s Teacher Loan Repayment Program (TLRP).

The HED stated it will also request funds to continue the development and implementation of the state’s longitudinal data system, which aims to close achievement gaps in education and the workforce.

The Opportunity Scholarship received $18 million in state funds for the 2022 fiscal year, the
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