By AP / Kelsey Proud, St. Louis Public Radio
ST. LOUIS –
The governing board of the four-campus University of Missouri system typically waits to set tuition rates in the spring, after the Missouri governor releases a proposed state budget for the fiscal year that starts in July.
But with an expected shortfall of $400 million to $500 million
in the next budget, curators want to get an earlier start.
They're holding a discussion session today in St. Louis to discuss possible hikes in tuition for the next academic year.
Final setting of tuition rates is expected to happen in another meeting in January.
That would give officials more time if they need to seek a waiver from the state required whenever tuition increases exceed the Consumer Price Index inflation rate.