Albuquerque, NM (KKOB) — The Governor last week signed Senate Bill 159, creating a nearly $1 billion trust fund and a scholarship program fund to ensure tuition-free college in New Mexico. The establishment of the Early Childhood Trust Fund in 2020 allows the Land of Enchantment to be the first state to establish trust funds for both early childhood and higher education, with a total $32.4 billion invested in cradle to career education. In 2022, the Governor signed the Opportunity Scholarship Act, creating the nation’s most inclusive tuition-free college program. The program has secured full funding every year since, with $162 million appropriated for Fiscal Year 2025.
