- Author of Waller's manuscript rewarded for helping feds (1/13/18)
- Police: Man dies from self-inflicted gunshot after standoff in south Cape (1/14/18)3
- Here's what's being built next to Chick-fil-A in Cape (1/18/18)1
- Word to your superintendent: Glass rocks Vanilla Ice parody to announce cancellation (1/13/18)3
- Jackson Area Chamber of Commerce recognizes commitment to community at annual awards banquet (1/13/18)
- Poultry in motion: 4-H participants take first in nation with barbecue skills (1/13/18)1
- City of Oran water rates violate state law, auditors find; report details financial-management problems (1/13/18)2
- Cape lands new summer-league baseball team; Capaha Field to see major upgrades (1/20/18)4
- 3 mayor candidates in Scott City; former mayor Porch files for council seat (1/18/18)
- Redhawk Food Pantry helping Southeast students, employees who need assistance with food, supplies (1/19/18)2
Elson Floyd, president of the University of Missouri system, has suggested a guaranteed cap on tuition for undergraduates, an idea that, if implemented, would be popular with students and parents who write ever-increasing checks as college costs rise at double-digit rates.
This year, MU imposed a 7.5 percent tuition increase on top of several other increases in the last five years. If MU curators approve, the plan would start with next year's summer semester.
While students entering MU would have their tuition capped during their undergraduate years, it can be assumed that tuition still could go up for each new class of entering freshmen.
Southeast Missouri State University's president, Ken Dobbins, says a tuition cap isn't likely here. And for good reason: It's all a matter of scale.
All public universities have had huge tuition increases because less and less funding is coming from the state. Seventy percent of a public university's funding used to come from the state. Now it's around 50 percent.
MU is slated to get more than $400 million in state funding this year. Southeast's share is nearly $44 million. If MU had forgone its most recent tuition boost, it would have generated only a few million dollars less in revenue -- a small fraction of the university total operating costs. But if Southeast had not raised tuition over the past five years, it would be generating more than $6.3 million less each semester -- a big chunk of its operating costs.