Tuition Increase Likely For UM System

8 years 10 months 3 weeks ago Friday, January 14 2011 Jan 14, 2011 Friday, January 14, 2011 5:54:25 PM CST January 14, 2011 in News
KANSAS CITY - University of Missouri administrators said Friday they will work to protect UM's brand and quality without threatening accessibility. But all agreed a tuition hike is likely. The university faces a projected funding gap of $64.4 million. That projection includes benefits, an expected 5 percent cut in state appropriations, utility rates and other fixed costs. MU Chancellor Brady Deaton said some students bypass MU because tuition isn't high enough. He says for many, cost equals quality.

A decision on tuition is likely to come at the UM Board of Curators meeting on January 27th-28th. This year's discussion on tuition comes early because any tuition increase exceeding the consumer price index of 1.5 percent must be granted approval by the Commissioner of Higher Education.

This year is unique because system administrators from all four University of Missouri campuses will bring different tuition proposals for each individual school. Vice President of Finance and Administration Nancy Krawitz said the university is hoping to keep the tuition hike below 10 percent. An increase of 10 percent would generate $44 million, which would leave the funding gap still greater than $20 million. 

Each Chancellor spoke at the morning meeting. Krawitz said she's not worried about the system staying competitive because it has several price points.

The University of Missouri System has not raised tuition in two years, despite taking a 5 percent cut in state funding this academic year. The UM System ranks at the bottom of all AAU public institutions when it comes to average faculty salaries.

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