The UNM Scholars Scholarships are awarded to high school graduates who are among the best students in New Mexico. UNM Scholars Scholarships are funded by a combination of Legislative Lottery Scholarship and private funds, donated by individuals and businesses as well as a contribution from the University’s Hugh B. and Helen K. Woodward Trust Fund. The Scholars receive their award for four consecutive years if academic standards and full-time progress toward a degree are maintained.