College Affordability Fund takes big hit, impacting students - Nichole Harwood, Daily Lobo

Along with the five percent cut to the higher education budget passed during the legislative special session, New Mexico lawmakers also took $5 million out of the $6 million in the College Affordability Fund, according to Bill Jordan, government relations officer With New Mexico Voices for Children. “New Mexico is broke and couldn't pay the overdue bills from last year,” Jordan said. “They weren't able to balance the budget this year so they had two options: they could have raised new revenue (and) new taxes or they could cut the current budget.” The legislature was left with having to balance the budget with current programs, and one of the programs to suffer a cut was the College Affordability Fund — as well as higher education. http://www.dailylobo.com/article/2016/10/27-college-affordability-fund-takes-a-hit