The following statement has been released by Vice President of Athletics Paul Krebs regarding full cost of attendance.
“At the University of New Mexico, we have strived to always provide our student-athletes with the support and tools they need to be successful academically and athletically. Recent changes to NCAA rules will allow institutions to provide more resources to student-athletes to improve their welfare and well-being. These new rules have changed the definition of a full scholarship. Previously, a full scholarship could only include tuition and fees, room and board, and books. Scholarships can now include expenses that meet the federal definition of cost of attendance which will allow institutions to cover the cost-of-living expenses that have previously fallen outside of athletic scholarships such as course fees, academic-related supplies and other basic necessities.
As a result, the cost of a full scholarship at UNM has increased by approximately $2,700 per year which is a 16% increase. The costs range from $17,217.44 to $19,893.00 for in-state students and from $31,434.74 to $34,110.30 for out-of-state students. Early estimates show that the total increased cost for scholarships would be an additional $500-$900K per year, depending upon several different factors. We are currently looking at all of the various options and we will likely phase in the increase over a certain time frame
The University of New Mexico and Lobo Athletics supports these changes and believe that it is important for us to provide scholarships that meet this new definition so that we can continue to recruit student-athletes at the highest levels and to continue to compete for Conference and National Championships on an annual basis. We are currently exploring different strategies to provide this new level of support for student-athletes.”