Missouri State University will be raising tuition next year for its students, but how big that increase is remains to be seen.
The university has two major sources of revenue: One is state funding, the other is tuition and fees.
That amount for state funding has not been decided on yet.
The university has requested more state funding, but still waits on it’s answer. Because of that, Wednesday’s Board of Governors meeting resulted in tuition fees being increase by 5% for Missouri State campuses in Springfield and West Plains. President Clif Smart says this decision comes with a catch.
“We will come back in May about how much of the tuition and fees on each campus will be waived and will be collected given what happens in Jefferson City over the course of the next four weeks,” says Smart.
Right now, the tuition cost for an in-state student at MSU sits at $7,376 per year, according to the school’s website.
A five percent increase would bring that number up by about $368 to a total of $7,744.
Chief of Staff at MSU Ryan DeBoef says if they don’t get what they seek from the state, bringing that 5% increase down will be a decision they will have to wrestle with on campus, but the university feels confident that lawmakers will come through with an increase in state funding.
“Our prospects look very good in obtaining additional state appropriations at this point thanks to the leadership of our legislature. We are very hopeful that when we get to May, and when get to June, we are talking about waiving off a substantial part of this maximum allowable tuition increase,” says DeBoef.
Sophomore Zach Grojean is already looking at his mounting student debt, but he isn’t sure how to feel about an increase.
“Good and bad I guess. Good because hopefully we can do some more good things with the campus and everything, but it’s more money coming out of my pocket, so it’s a win lose situation right there.”
The schools’ budget is due in June, but if the state doesn’t come through with more funding, this would be the highest increase in tuition in almost a decade.