NM Daily Lobo 012814

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DAILY LOBO new mexico

tuesday January 28, 2014

The Independent Student Voice of UNM since 1895

U N M E T V. E F C mapping the future of the LEGISLATIVE LOTTERY SCHOLARSHIP start h e re :

Would the need aspect be based on unmet need or on the estimated family contribution of the student?

Would the GPA requirement stay the same? yes

no

project expense range:

$39.8m 40.7m

$38.4m 40.9m

$39.2m 40.8m

no

yes

project expense range:

project expense range:

Would the GPA requirement stay the same?

yes

project expense range:

$39.7m 41.7m

yes

Would all need categories be considered?

Would all need categories be considered?

no

no

project expense range:

project expense range:

$39.1m 40.2m

project expense range:

$39.1m 40.5m

current lottery scholarship cost:

$38.8m 40.7m

project expense range:

$37.7m 40.1m

$67,777,800

This graphic is based off of a series of scenarios provided to legislators by the New Mexico Higher Education Department. The scenarios are not proposals. They are guides to help legislators come up with a long-term solution to the Lottery Scholarship solvency problem this legislative session. The numbers that are being used to predict the impact of each scenario are for estimation purposes only and are not final in any way. Current lottery scholarship cost data from hed.state.nm.us. Designed by Beatrice Verillo

by Chloe Henson

assistant-news@dailylobo.com @ChloeHenson5 For the New Mexico Higher Education Department, the search for a solution to the Lottery Scholarship’s solvency issue might be in any of 32 offered scenarios. The department has provided legislators with 32 solvency scenarios to help them

Inside the

Daily Lobo volume 118

issue 84

decide how to answer the long-term question of funding the Scholarship. In an email sent to the Daily Lobo, NMHED public information officer Chris Sanchez said the scenarios are intended to guide legislators in their decision about the Lottery. “The 32 solvency scenarios serve as a crucial starting point for lawmakers as they discuss ways to protect the Legislative

Lottery Scholarship,” he said. “More importantly, the scenarios show lawmakers the direct impact that different combinations of changes will have on the scholarship.” The scenarios were divided into eight groups, each of which addressed an aspect of GPA and financial need. Sixteen of the scenarios calculated financial need based on unmet need, while the other 16 considered “estimated family contributions.”

State of denial

Urgent email

see Page 4

see Page 7

Experimental numbers were then used for each scenario to assess the impact on different groups of students. The scenarios provided specific scholarship amounts based on a sliding scale, “rewarding a higher GPA and providing more support for those students with the most financial need,” according to the document. New Mexico Rep. Jim Smith, R-Sandia

see Lottery PAGE 2

TODAY

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