MU avoids fine for tuition hike
Tuesday, March 15, 2011
COLUMBIA, Mo. (AP) — The state has approved the University of Missouri’s request to avoid a fine for raising tuition and required fees 5.5 percent.
The Columbia Daily Tribune reported that David Russell, Missouri’s higher education commissioner, said in a letter that the increase is substantially below what the university considered necessary.
Public four-year institutions wanting to increase tuition and fees more than 1.5 percent must seek a waiver from the state to avoid a financial penalty. It’s part of a three-year-old law that caps tuition at the consumer price index.
The UM Board of Curators in January voted to increase tuition and fees by an average of 5.5 percent.
Information from: Columbia Daily Tribune, http://www.columbiatribune.com
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