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UM System Board of Curators to look at raising tuition rates

Wednesday, December 5, 2012 | 8:33 p.m. CST; updated 12:28 p.m. CST, Thursday, December 6, 2012

COLUMBIA — The UM System Board of Curators is considering increases to tuition and course fees at all four UM campuses next year.

The board will discuss the system's budget outlook for the next fiscal year as part of its regularly scheduled December meetings Thursday and Friday at the University of Missouri-St. Louis.

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Curators will hear proposals to increase some tuition rates and course fees based on a model that plans for no change in state support. The smallest increases could be at the rate of inflation — projected at 2 percent —while some tuition and fees could increase even more. 

However, the projections presented this week could change following Gov. Jay Nixon's State of the State address in mid-January, when he will lay out his recommended state budget, including funding to higher education.

Although the board will not vote on tuition or fee increases this week, curators will address an assortment of issues during their meetings in St. Louis.

Curators will hear presentations on several financial topics:

  • Designs and estimated costs for building projects at MU, including a new residence hall, an expansion of Memorial Stadium, a new press box at the stadium and a new medical building on South Providence Road.
  • An extension of employee benefit eligibility to include domestic partners and other adult dependents.

  • A report on cost reductions and increased revenue in the system budget totaling about $80 million.

Other items on the board's agenda include:

  • The election of a new board chairperson and vice chairperson for 2013.
  • Debt financing plans for a new chilled water system at University Hospital and an addition to the Benton-Stadler Science Complex at the University of Missouri-St. Louis.
  • A discussion to finalize campus strategic statements that outline how each of the four campuses plan to distinguish themselves competitively. 

The board's full agenda, meeting documents and presentation materials are available on the UM System's website. The system will stream audio of Thursday's meetings online at www.umsystem.edu/curators/stream.

Supervising editor is Zach Murdock.


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