New Mexico School Braces for $10M Hit as Enrollment Declines - SUSAN MONTOYA BRYAN, Associated Press

New Mexico's flagship university could face as much as a $10 million hit to its budget this year as fewer students are enrolling, leaving the University of New Mexico with less revenue from tuition and fees. University President Garnett Stokes issued the warning as she was questioned by a panel of lawmakers during a meeting last week on the Albuquerque campus. The lawmakers asked about any plans by the university to raise tuition and talked about the inability of a statewide scholarship program fueled by lottery ticket sales to meet students' needs. Stokes acknowledged the university had predicting a drop in enrollment this year but said it was more substantial than expected. https://www.usnews.com/news/best-states/new-mexico/articles/2018-10-22/new-mexico-school-braces-for-10m-hit-as-enrollment-declines