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Floyd recommends 5% tuition hike at UM

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UM President Elson Floyd (file photo)

By KWMU

St. Louis, MO – University of Missouri President Elson Floyd plans to recommend a 5% tuition increase at this week's Board of Curators meeting, according to a statement from the university.

If approved, the hike would take effect thsi summer and would mean full-time Missouri undergrads (taking 15 hours a semester) would pay $324 more each year.

Currently, the yearly tuition for full-timers is $6,495; the proposal would increase that to $6,819.

"I'm pleased that we are able to keep next year's recommended increase down to five percent," said Floyd, in a statement. Floyd credited Governor Matt Blunt's proposed state budget for keeping the hike in check. Blunt's budget proposes an increase for colleges and universities.

Floyd is also asking the four chancellors at UM campuses to outline a plan to reduce administrative costs by 10%.

The Board of Curators will meet Thursday and Friday at UM-Rolla.

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