Funding Explorer

Education funding in New Mexico

1 program in New Mexico, checked against the program’s official sources.

Corral is not part of any of these programs. Each program’s administrator decides who qualifies and what can be bought. Use this to find the right program and the right questions, then confirm with them.

  • Federal Scholarship Tax Credit (Educational Choice for Children Act) - state election

    Tax-credit scholarship · State not taking part for 2027

    Program doesn’t say whether homeschoolers qualify From official sources October 7, 2026

    No. New Mexico families cannot get scholarships through this federal program unless the state elects to join. Even where states join, federal law ties covered expenses to enrollment or attendance at a public, private, or religious school and does not say whether home education expenses count.

    Dates and status: New Mexico is not on the IRS list of states that elected to participate for 2027 (list dated September 14, 2026). No official opt-in or opt-out decision by Governor Lujan Grisham has been published on a state site. Federal law lets states elect for 2027 'as early as practicable'.

    Official site

  • No statewide program

    Coverage note

    No statewide program found From official sources October 7, 2026

    New Mexico has no state education savings account, voucher, tax-credit scholarship, K-12 education tax credit, or state payment to homeschool families. Homeschooled students may take public school classes or activities, but that funding goes to the school district, not the family. Local scholarships, tax deductions or district programs may still exist; tell us if you know of one.

    Official site

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