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New Mexico's lottery scholarships amount to be larger than expected thanks to higher revenue


SANTA FE, New Mexico — The amount of assistance for New Mexico's lottery scholarships will be larger than expected thanks to higher lottery revenues.

The New Mexico Higher Education Department announced Thursday that the in-state tuition assistance for university and college students will cover around 90 percent of full tuition costs next school year.

Lawmakers had feared that the amount of assistance could drop to around 80 percent of costs due to an expected drop in lottery revenues and because bickering legislators failed to bolster the state's Legislative Lottery Scholarship program's financial underpinnings.

In addition to the oil turnaround, the department says more money available since New Mexico is seeing a drop in student enrollment.

Lottery officials say annual demand tops $60 million.

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