New Mexico Code § 21-21R-5

Duration of scholarship authorized
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A. Each scholarship is for a period of one semester, including the summer semester. A scholarship may be renewed if the eligible student continues to meet the conditions of eligibility.
B. Scholarships may be provided to an eligible student until the eligible student receives a credit-bearing certificate or certificates.
C. Scholarships may be provided to an eligible student for up to ninety credit hours for the completion of one associate degree; provided that dual credit courses that an eligible student previously completed shall not count toward the credit-hour cap.
D. Scholarships may be provided to an eligible student for up to one hundred sixty credit hours for the completion of one bachelor's degree; provided that dual credit courses that an eligible student previously completed shall not count toward the credit-hour cap.
History: Laws 2022, ch. 42, § 5; 2024, ch. 63, § 6.
The 2024 amendment, effective May 15, 2024, exempted dual credit classes from counting towards the opportunity scholarship credit-hour cap; in Subsections C and D, after "degree", added "provided that dual credit courses that an eligible student previously completed shall not count toward the credit-hour cap"; and deleted Subsection E, which provided "Scholarships may be provided to an eligible student until the eligible student graduates from a four year public post-secondary educational institution or tribal college.".

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