Board approves tuition and fees for 2007-2008

Undergraduate and graduate students at the University of Missouri will see a 3.8 percent increase in tuition for the next academic year. The University of Missouri Board of Curators approved the increase at its April 6 meeting in Rolla.

Undergraduate Missouri residents will pay $235.90 per credit hour. For an undergraduate enrolled in 15 hours per semester, this represents an additional $258 annually, before any related enrollment fees. Base tuition for full-time Missouri undergraduate student will increase from $6,819 to $7,077 a year.

Vice President for Finance and Administration Nikki Krawitz told the board that the base tuition represents the “sticker price.” The actual cost to Missouri undergraduate students factors in scholarships and financial aid. When estimated grant aid is applied to the 2008 tuition base, those students would pay an average of $2,638.

The neediest students, determined by family income levels of less than $40,000 would pay an average net cost of $727 a year-significantly blow the sticker price-after applying grant aid.

Non-resident undergraduates will pay $591.10 per credit hour.

Graduate students who are residents will pay $286.90 per credit hour, non-resident graduate students will pay $740.80 per credit hour.

Tuition increases for professional school students range from zero to 3.8 percent. The exception is veterinary medicine, which has a new $300 per semester fee in addition to the 3.8 percent increase to cover laboratory costs.

 The University of Missouri-Kansas City School of Medicine will restructure their fees for M.D. degree to include a regional tuition rate of 1.5 times the resident rate. The school also will implement tuition rates for the new master’s in anesthesia program.

 The board also approved a variety of supplemental and other related enrollment fees for undergraduate, graduate and professional students. Those fees will increase 3.8 percent, with the exception of the nursing course fee at UM-St. Louis, which will not rise. New supplemental fees,

Taken from the SPECTRUM, April 2007, Volume 34, no.2