PreviousNew Mexico Universities Lottery Success Scholarship Program (Visit this link)
The Lottery Success Scholarship Program has provided scholarships to more than 35,000 New Mexico college students since its inception in 1997. All net profits from New Mexico Lottery sales go to the scholarship program, after payouts for prizes and operating expenses. Roughly 24 percent of lottery revenues end up going to the scholarship program. The lottery has generated more than $194 million for the program. Eligible students may receive scholarships worth up to 100 percent of their tuition at New Mexico public colleges and universities. Though they may receive scholarships for up to eight consecutive semesters, they do not start receiving awards until their second semester of full-time enrollment. To qualify for a scholarship, a student must: Be a New Mexico resident. Enroll in a New Mexico public college or university immediately after graduating from a New Mexico high school or receiving a high-school-equivalency diploma. Scholarships also are available to residents who begin U.S. military service within 120 days of graduating from a New Mexico high school or receiving a GED, then enroll in a New Mexico public college or university within 120 days of receiving an honorable or medical discharge. Complete at least 12 credit hours each semester. Maintain a 2.5 grade-point average.
Approximate value: $ 194000000
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Added:
Tue Jan 03 2006
Last Modified:
Wed Dec 27 2006
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