Higher education accounts for $800 million of New Mexico’s General Fund spending. As Rio Grande Foundation Adjunct Fellow Kevin Rollins points out in his new paper, “Poor Performers in New Mexico Higher Ed: Budget Increases and Inefficiency,” it is hard to understand why certain universities and two year institutions do the job of teaching students for far less than others, with no apparent reduction in quality.

For a listing of schools by cost-effectiveness and in-depth analysis by Rollins, read the full study here.