Lottery Scholarship
Program Faces Financial Squeeze
A popular college scholarship
program faces a potential financial shortfall in
several years because projected revenue from the
state lottery isn't keeping pace with student demand
for the scholarships and rising tuition costs, lawmakers
were told Thursday.
The latest financial projections could derail proposals
by Gov. Bill Richardson and lawmakers who have advocated
expanding student eligibility for the scholarships
to allow more New Mexicans to attend college.
The projections were outlined Thursday to a legislative
group by top officials with the New Mexico Lottery.
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