Missouri Southern faces $1M penalty amid tuition hike

wireready_06-07-2018-18-06-02_02390_missourisouthernstateuniversity

JOPLIN, Mo. (AP) _ Missouri Southern State University is facing a $1.1 million
state penalty after raising its tuition rates by 15 percent next year.

The Springfield News-Leader reports that the Joplin university’s tuition and
fees are slated to increase by $900 to nearly $7,000 during the upcoming school
year.

University President Alan Marble says the tuition hike is intended to make up
for state funding cuts. The university’s state appropriations fell from $26
million in 2010 to slightly more than $22 million this year.

Missouri law says institutions must return part of state funding if tuition is
raised more than the Consumer Price Index, which ranges between 1 percent to
just over 2 percent in recent years.

WebReadyTM Powered by WireReady® NSI