New Mexico College Scholarships

New Mexico has a lot to offer young residents and many students don't wish to travel out of state to attend college. Those that do may be enticed to stay by the offering of several New Mexico scholarships that can help fund their college bills, especially if they keep in mind that attendance at a home state school starts out cheaper anyway.

The Lottery Success Scholarships are funded, as the name would suggest, by the state lottery program and offer generous funding toward attendance at a public college or university. Eligible applicants are state residents who have a high school GPA of at least 2.5. The New Mexico Scholars program is set up to retain the top scholars graduating from New Mexico high schools for attendance at postsecondary institutions within the state, since those who never leave for college are most likely to stay and work in the state. Based on academic records, the state college or university the student chooses to attend, and the maintenance of high academic standards throughout college, students may receive up to the full cost of tuition.

The Competitive Scholarship awards are for eligible non-residents of New Mexico who wish to attend a college in state. These students, based on merit, earn small monetary scholarships and a reduction in tuition to the cost of a state resident if they choose to attend a state college or university. The Vietnam Veteran's Scholarship is one of many military scholarships that offers complete tuition waiver for attendance at any state college or university for veterans of the war and their dependents.

List of New Mexico Scholarships

• 3% Scholarship Program — Tuition amount awarded to one undergraduate student attending a New Mexico college.


• Legislative Endowment Scholarships — $1000 to $2500 awarded each year to undergraduate students attending a New Mexico college.


• Lottery Success Scholarships — Tuition amount awarded to one undergraduate student attending a New Mexico college.


• New Mexico Competitive Scholarship — $100 awarded each year to out-of-state undergraduate students attending a New Mexico college.


• New Mexico Scholars' Program — varied amount awarded to undergraduate students attending a New Mexico college.


• New Mexico Scholarship — Up to $1000 awarded each year to freshman undergraduate students attending a New Mexico college.


• New Mexico Vietnam Veterans' Scholarship — Tuition amount awarded to undergraduate students attending a New Mexico college who are Vietnam veterans.


• Vietnam Veterans Scholarship Program — Tuition amount awarded to undergraduate students attending a New Mexico college who are Vietnam veterans.

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Paying for school is not easy, but we are here to help. OEDb's student finance section will help you find the money you need to pay your tuition and other college expenses. We cover scholarships, college grants, and student loans. Scholarships and grants are both forms of "free money", meaning they don't need to be paid back. Scholarships are typically awarded by businesses or individuals, with the money being earmarked specifically for tuition. They can be awarded based on a student's location or by religious affiliation, such as Catholicism or Islam. Grants are typically awarded by governments or non-profit organizations and the money often can be applied to several different expenses a student may incur, not solely tuition. They can be awarded based on location or ethnicity, for instance African American or Hispanic. Loans are not considered "free money", because unlike scholarships and grants, they do need to be paid back after graduation. Common federal loans include Perkins and Stafford. Loans are also available by location.