The state set forth an ambitious higher education initiative that will make public colleges and universities tuition-free for all residents
The state would pay for the initiative, which still needs to be approved by the Democratic legislature, with revenue from oil production. New Mexico’s deputy secretary of New Mexico’s Higher Education Department, Carmen Lopez-Wilson, told thethe program is estimated to cost $25 million to $35 million annually, and that around 55,000 residents would benefit.
While progressive presidential candidates like Sens. Bernie Sanders and Elizabeth Warren have put forth proposals to make all two- and four-year public colleges tuition-free, others have balked at the idea, arguing that it will either cost too much or that higher education initiatives should focus on lower-income Americans. “Americans who have a college degree earn more than Americans who don’t.
Some existing state programs — like New York’s Excelsior Scholarship, which offers free tuition for families making up to $125,000 — are geared toward lower-income residents. The blanket approach New Mexico announced on Wednesday works especially well for the state, however, as a large percentage of its residents are struggling financially , and tuition at its state schools is already on the lower side nationally.
If the federal government isn’t going to take action to alleviate the financial burden of higher education, at least states like New Mexico are taking action.
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