This document reports on data collected by the New Mexico Higher Education Department, providing the status of higher education as of the Fall 2005 semester and makes comparisons to prior year data to calculate change rates. The emphasis of the New Mexico Higher Education Department is to create policy to improve access to educational opportunities for students, as well as to improve success once they have entered the doors of state post-secondary institutions. Enrollment at New Mexico's public institutions of higher education is relatively flat with an overall enrollment increase of less than 1% from Fall 2004 to Fall 2005, with a 1.4% increase in the two-year sector, and a less than 1% decrease at the state's universities. Recent projections of high school graduates in the state, provided by the Western Interstate Commission for Higher Education (WICHE), suggest enrollment will remain flat. In the 2004-2005 academic year, New Mexico's post-secondary students received $446 million in financial assistance; of that amount, 72% was from federal sources, 14% was from state sources, and 12% was from private/institutional sources. In the 2005-2006 academic year, New Mexico's post-secondary students received just over $461 million in financial assistance, an increase of 3% over the previous year. Seventy-one percent, or $325 million of these funds are attributed to federal sources. State contribution of $70 million (16%), institutional aid and private or other external source contribution of $57 million (13%) also provided significant support. Data tables contain further detail on each of these areas. (Contains 12 figures and 44 tables.) [This document was produced by the New Mexico Higher Education Department. For 2004 report, see ED500278. For 2002 report, see ED482315; for 2001 report, see ED482316.]