There is no single problem with higher education in general or higher ed in New Mexico in particular. We at the Rio Grande Foundation have discussed some reform ideas here and here, but local attorney and lobbyist Dick Minzner has some ideas of his own.
Specifically, Minzner discusses ways to improve and make more efficient the college lecture. Certainly, his ideas could save massive sums of money and would make college more affordable and accessible for students. The biggest problem (extrapolating from Minzner’s ideas) is that the colleges and universities have monopolies on pieces of paper called diplomas.