HIGHER ED REGIONAL DISTINCTION

SB 306 eliminates the distinction between regionally and nonregionally accredited private colleges and universities in New Mexico by requiring all private post-secondary institutions to obtain a "license" from the Higher Education Department instead of the previous "registration" process for regionally accredited schools. The bill updates all relevant laws to use "licensure" uniformly, mandating annual applications, submission of curriculum and financial information, and payment of a department-set fee. This affects every private college, university, and career school operating in New Mexico that is not publicly funded, creating a single oversight system for all institutions.