Menu Higher Education Funding Formula Working Group Home / About / Higher Education Funding Formula Working Group The New Mexico Higher Education Department has established a working group to evaluate the state’s higher education funding formula, which determines annual funding recommendations for state appropriations to the operational budgets of the state’s public colleges and universities. The current formula was established in 2016 and replaced the previous input-based formula with an outcomes-based formula that funds higher education institutions based on results. While small adjustments have been made to the formula since 2016, the current effort represents the first thorough reexamination of the formula since its inception. The New Mexico Higher Education Department and leaders will develop a report for the funding formula. Meetings will take place virtually and be recorded for the public to view. Input will be collected from stakeholders throughout the process. Higher Education Funding Formula Working Group Membership Stephanie Rodriguez, Cabinet Secretary, New Mexico Higher Education Department Debbie Romero, Cabinet Secretary, New Mexico Department of Finance and Administration David Abbey, Director, Legislative Finance Committee Kathy Ulibarri, Executive Director, New Mexico Independent Community Colleges Becky Rowley, President, Santa Fe Community College Ty Trujillo, Executive Director, New Mexico Association of Community Colleges Shawn Powell, President, Eastern New Mexico University - Roswell Marc Saavedra, Executive President, New Mexico Council of University Presidents Joseph Shepard, President, Western New Mexico University Working Group Meeting - October 22, 2021 Working Group Meeting (video recording) Working Group Meeting Minutes (PDF) Working Group Meeting - September 16, 2021 Working Group Meeting (video recording) Working Group Meeting Minutes (PDF) PowerPoint Presentation (PDF) Working Group Meeting - August 23, 2021 Working Group Meeting (video recording) Working Group Agenda (PDF) Working Group Meeting Minutes (PDF) HED Funding Formula Presentation (PDF) SHEEO Presentation (PDF) Divisions Adult Education Capital Projects Finance Financial Aid GEAR UP Indian Education Division Planning and Research Private Post-Secondary Schools Public Schools' Academic Affairs Data & Reports Adult Education Division Reports Data Collection and Reporting Data Reports NMHED Data Request New Mexico Longitudinal Data System (NMLDS) Sharing Data (instructions) Data Advisory Group Financial Aid COVID-19 Student Loan Relief Forms Grants Loan-For-Service Programs Loan Repayment Programs New Mexico 529 Education Savings Plan Residency Requirements Scholarships Students & Parents Academic & Financial Preparation for College Adult Education Closed School Transcript Requests Find a College or University High School Equivalency (HSE) Indian Education Division Internship Opportunities National Council for State Authorization Reciprocity Agreements (NC-SARA) Saving For College Student Complaints Resources for Schools Adult Education GEAR UP New Mexico Capital Projects Distance Education Authorization Finance Private Post-Secondary Schools Academic Policy Request for Proposals (RFP) Locations Santa Fe 2044 Galisteo Street, Suite 4 Santa Fe, NM 87505-2100 505-476-8400 Accessibility | Sitemap | Privacy Policy | Disclaimer | Copyright © 2021 New Mexico Higher Education Department. All Rights Reserved. Website Design by Xynergy