New Mexico Statutes 21-21R-5. Duration of scholarship authorized
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.