This 1995 report from the State of New Mexico Commission on Higher Education presents factual information about New Mexico's colleges and universities and the students attending these institutions as of November 1994. Highlights of the report include: (1) 99,000 students are currently enrolled in public two-year colleges and universities; (2) six public universities enrolled approximately 60% of the full-time equivalents (FTE) students, while two-year institutions enrolled 40%; (3) two-year institutions are the predominant entry point for most postsecondary students; (4) 82% of students are New Mexico residents; (5) approximately 31% of students enrolled statewide were Hispanic; (6) Hispanics account for 16.3% of the doctoral degree recipients; (7) women account for 44.2% of doctoral degree recipients; (8) students paid an average of $1,693 in tuition and fees; (9) students enrolled in two-year institutions pay an average of $626 in annual tuition and fees; (10) students received $173 million in financial aid; (11) students contracted for $81 million in loans to pay for college expenses: (12) New Mexico mirrors a national trend of increasing reliance on student loans, rather than scholarships; (13) general fund appropriations for higher education is $436 million; (14) the average statewide expenditure per FTE student is $6,631; and (15) during the past 5 years, New Mexico's colleges received approximately $170 million in state capital outlay appropriations. Also included in the report are descriptions of seven special programs and major commission reports and activities. (KP)