Budget Cuts Come at a Cost for Higher Education

Budget cuts are expected for the upcoming new year, and many universities around the Land of Enchantment are preparing for a new school year. With this expected loss in funds, many students are wondering if this will affect their education in the future, as opposed to students who are already almost finished with completing their degree.

According to the Albuquerque Journal, “from spring semester 2014 to the spring of 2015, enrollment in New Mexico’s post-secondary institutions plummeted 8.3 percent, compared with a national decline of 1.9 percent, according to a new report by the National Student Clearinghouse Research Center. Overall, New Mexico had 10,914 fewer students enrolled in its colleges and universities this spring when compared to last spring.”

The budget cuts are correlating with the amount of students who are enrolling in college each year and semester. New Mexico schools have seen a dramatic decrease in enrollment in the past year. Does the decrease in enrollment have to do with the population of young adults in New Mexico? Or a lack of young adults not wanting to attend college? However, should higher education have a price tag for students working eagerly at a degree?

According to a study conducted by the Rio Grande Foundation, “The most important idea to take away after reviewing a variety of calculator scenarios is that for a college degree to be financially rewarding over a lifetime of work, a student must be aware of both the time frame needed to complete the degree, the cost of the degree, and the value of the job resulting from the degree. Earning a degree that leaves you with a large debt, takes an extended period to acquire, and provides little workplace value is not economically wise.”

With these expected cuts, students will have to take a harder look at the degree they are attaining.

However, despite the lack of funding the state is receiving this year, there is a light at the end of the tunnel. This year, educators are asking the public to vote for Bond C.

Bond C is under the constitution of New Mexico, where the state school districts ask for bonds to assist higher education.

Eastern New Mexico University is asking for $11 million dollars to renovate the Golden Library and make it into the Golden Student Success Center. This will help to plan, design, improve, construct, equip, and furnish Golden Student Success Center in Roosevelt County.

Although the state is facing dramatic budget cuts, the passing of Bond C will not only help the student and faculty community of Eastern New Mexico University, but future generations of Greyhounds to come.

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