Save Today For Your Child’s Tomorrow
Parents know time is the most valuable commodity in the world when it comes to their children — and it can fly by in the blink of an eye. However, many families don’t realize that time can also be their most important asset when saving for a child’s college education. You shouldn’t let that time slip away.
Take advantage of the time that you have and put your money to work by starting early and saving often with a 529 college savings plan. Saving even modest amounts, such as $25 a month, especially when your child is young, can have a dramatic impact on your out-of-pocket costs later and can make college much more affordable for you and your family.
Download a brochure today for the 529 Educational Plan.
Visit the website for more information: The Education Plan
Lorinda Manuel, Program Coordinator: (575)387-3199
Beverly Montoya, Data Coordinator: (575)387-3105
Parents and Community Members are welcome to visit by appointment by calling (575)387-3199
NM LOTTERY SCHOLARSHIP CHANGES
SB 347 IS THE NEW LOTTERY SCHOLARSHIP BILL
Senate Bill 347 (SB 347) PASSED with a HOUSE AMENDMENT during the 2014 Legislative Session; this means that both the Senators and the Representatives came to an agreement on this bill
• Because SB 347 PASSED and has now been signed by the Governor, there are IMPORTANT CHANGES that students, families, and staff need to be aware of
• Becoming AWARE of the NEW requirements will help you best prepare so you can ATTAIN and KEEP the Lottery Scholarship while you are in college
• REMEMBER that there are many programs that can HELP you while in college; seek SUPPORT so that you can KEEP the Lottery Scholarship and GRADUATE
WHAT STUDENTS NEED TO KNOW:
FOUR YEAR INSTITUTIONS:
• Students must now take 15 credit hours per semester and must maintain at least a 2.5 GPA every semester to continue to be eligible
• If you maintain eligibility, you can receive the Lottery Scholarship for 7 semesters for 4 year institutions
TWO YEAR INSTITUTIONS:
• Students must take 12 credit hours per semester and must maintain at least a 2.5 GPA every semester to continue to be eligible
• If you maintain eligibility, you can receive the Lottery Scholarship for 3 semesters for 2 year institutions
TUITION HAS BEEN “DECOUPLED”
The Lottery Scholarship has now been “decoupled” from tuition. This means that all students who qualify for the Lottery Scholarship will now receive “a uniform percentage of the average of in-state tuition costs charged by:
1) Research institutions for each research institution;
2) Comprehensive institutions for each comprehensive institution; and
3) Community colleges for each community college."
In other words, the Lottery Scholarship no longer automatically covers 100% of tuition; the amount you receive will depend on the total amount of revenues available; the total amount of qualifying students, and the institute you are attending.
Resources for your promises: