Updated: 11/17/2013 10:24 PM |
Created: 11/17/2013 8:19 PM
By: Jeffery Gordon, KOB.com
Problems with the Lottery Scholarship may bring changes to New Mexico State University.
The scholarship fund has been giving out more money than it is making.
According to the Associated Press, the lottery brought in $41 million in revenue but had a total of $58 million in scholarship commitments.
It is not clear how much tuition it will be able to cover this spring.
NMSU says it is prepared to cover up to 60 percent of spring tuition if lawmakers fail to find a solution during the legislative session.
The session starts in January.
Around 14,000 students in New Mexico depend on the lottery scholarship to pay tuition.